Shenandoah Telecommunications Company Completes Sale of Its Towers
Shenandoah Telecommunications Company Completes Sale of Its Towers
EDINBURG, Va., March 29, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (Nasdaq: SHEN) announced that it has completed the initial closing of the previously disclosed sale of its tower portfolio and operations ("Tower Portfolio") to Vertical Bridge Holdco, LLC ("Vertical Bridge") for $309.9 million in cash.
弗吉尼亞州愛丁堡，2024年3月29日（GLOBE NEWSWIRE）——雪蘭多厄電信公司（“申特爾” 或 “公司”）（納斯達克股票代碼：SHEN）宣佈，已完成先前披露的以3.099億美元現金向Vertical Bridge Holdco, LLC（“垂直橋樑”）出售其塔樓投資組合和業務（“塔樓投資組合”）的初步完成。
"The proceeds from the sale of our Tower Portfolio will be used to fund the previously announced acquisition of Horizon Telcom and provide growth capital to accelerate our fiber-first strategy and planned expansion of Glo Fiber to approximately 600,000 homes and business passings by year-end 2026," said Shentel's President and CEO, Christopher E. French.
申特爾總裁兼首席執行官克里斯托弗·法蘭西表示：“出售我們的塔樓投資組合的收益將用於資助先前宣佈的對Horizon Telcom的收購，並提供增長資本，以加快我們的光纖優先戰略，並計劃到2026年底將Glo Fiber擴展到約60萬個家庭和商業通行證。”