EDINBURG, Va., Oct. 6 /PRNewswire-FirstCall/ -- Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN) announced today the signing of an asset purchase agreement to purchase the cable systems serving the communities of Salem, West Virginia and Oakland, Maryland from Suddenlink Communications. The systems have approximately 7,000 homes passed. The closing will occur upon receipt of regulatory approvals which should occur within 90 to 120 days. Waller Capital Partners, LLC acted as Shentel's exclusive advisor.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company is a holding company that provides a broad range of telecommunications services through its operating subsidiaries. The Company is traded on the NASDAQ Global Select Market under the symbol "SHEN." The Company's operating subsidiaries provide local and long distance telephone, Internet and data services, cable television, wireless voice and data services along with many other associated solutions in the Mid-Atlantic United States.
This release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of unforeseen factors. A discussion of factors that may cause actual results to differ from management's projections, forecasts, estimates and expectations is available in the Company filings with the SEC. Those factors may include changes in general economic conditions, increases in costs, changes in regulation and other competitive factors.
SOURCE Shenandoah Telecommunications Company