Shareholders of Waynesboro, VA-based nTelos Holding Corp. spent the weekend celebrating the sale of the Sprint-affiliated wireless operator. Shenandoah Telecommunications Company of Edinburg, VA paid $9.25 a share for the company, gaining about 300,00 new in portions of Virginia, West Virginia, Maryland, North Carolina, Ohio, Pennsylvania and Kentucky, more than doubling the Shentel wireless customer base. The deal closed Friday.
Shentel said the added operations further strengthen and expand its “solid partnership with Sprint.” Shentel intends to accelerate its intensive integration activities in order to merge the two organizations. nTelos was the nation’s eighth-largest service provider. It’s nTelos-branded retail stores will become Shentel-operated Sprint stores, FierceWireless reported.
“The most important news for customers is that Shentel will accelerate network upgrades in the current nTelos region throughout this year and next, which will give customers more coverage in more places, stronger signals and faster downloads,” said Christopher E. French, President and CEO of Shentel. “We have committed to invest approximately $350 million as part of the expansion of the network and plan to add hundreds of additional coverage sites to provide an enhanced and more complete network for our customers,” French added.
Shentel said nTelos customers “will see no negative impact to their current service and won’t need to take any immediate action. In fact, now that the transaction is finalized, nTelos customers will be given access to the Nationwide Sprint 4G LTE roaming network free of charge.” nTelos customers will be notified of a variety of offers that they can select and will be placed on an equivalent or better plan to make the switch to Sprint so that they can receive the full benefits of being a Sprint wireless customer, Shentel said.