Deal includes purchase of all assets and transition of Big Sandy customers, employees
Edinburg, VA. February 28, 2019 – Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN) today announced an agreement to purchase Big Sandy Broadband. Big Sandy Broadband is a cable television, broadband Internet and phone provider to homes and businesses located in eastern Kentucky.
“We are pleased to be able to expand our Cable operations into Kentucky,” said Dave Heimbach, Chief Operating Officer at Shentel. “Big Sandy has been family-owned for nearly 60 years. We appreciate those strong roots. Shentel was founded in 1902, and has a long history of serving rural areas like Floyd and Johnson counties.”
The purchase will include all assets of Big Sandy Broadband along with current customers. Employees of Big Sandy have been offered jobs with Shentel. The integration is expected to be complete by the second quarter of 2019. Until that time, Big Sandy customers will continue to pay bills and contact the Big Sandy customer service center for service related questions. Information related to the full transition to Shentel services will be available in the coming months.
Shentel provides cable television, broadband Internet, and voice services through its high-speed, state-of-the-art network to customers in Virginia, West Virginia and Maryland. Shentel is also an affiliate of Sprint with wireless coverage in Pennsylvania, Maryland, Virginia, West Virginia, Kentucky and Ohio. Shentel also provides fiber services to commercial and wholesale customers along its 5,641-mile fiber network across four states.
Big Sandy Broadband will add approximately 4,700 revenue generating units (RGUs) to Shentel’s cable segment, including more than 2,200 broadband RGUs. The Big Sandy system is adjacent to existing Shentel cable markets in West Virginia, and it is part of the Charleston, WV DMA.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides a broad range of diversified telecommunications services through its high speed, state-of-the-art network to customers in the Mid-Atlantic United States. The Company’s services include: wireless voice and data; cable video, internet and voice; fiber network and services; and local and long distance telephone. Shentel is the exclusive personal communications service (“PCS”) Affiliate of Sprint in portions of Pennsylvania, Maryland, Virginia, West Virginia, Kentucky and Ohio. Additional information about Shentel can be found at Shentel.com.
About Big Sandy Broadband
Big Sandy Broadband has provided cable, Internet and phone to Johnson and Floyd counties in Kentucky for almost 60 years. We are growing with technology and implementing new digital forms of entertainment and communication to keep our customers up-to-date. They know they can trust us to reliably deliver the digital age directly to their homes.
