Core Points - Shenandoah Telecommunications Company (Shentel) declared a cash dividend of $0.11 per share, marking a 10.0% increase from the previous year's dividend [1][2] - The dividend will be payable on December 1, 2025, to shareholders of record as of November 7, 2025, representing Shentel's sixty-sixth consecutive year of annual dividends [1][2] - The increase in dividend reflects the strong performance of Shentel's Glo Fiber business and the company's confidence in future growth [2] Company Overview - Shentel provides broadband services through high-speed fiber optic and cable networks to residential and commercial customers across eight states in the eastern United States [2] - The company's service offerings include broadband internet, video, voice, high-speed Ethernet, dedicated internet access, dark fiber leasing, and managed network services [2] - Shentel operates an extensive regional network with over 17,700 route miles of fiber [2]

Core Viewpoint - Shenandoah Telecommunications Company (Shentel) is set to release its third quarter 2025 financial results on October 29, 2025, followed by a conference call to discuss the results and business highlights [1]. Company Overview - Shenandoah Telecommunications Company provides broadband services through advanced fiber optic and cable networks to both residential and commercial customers across eight contiguous states in the eastern United States [3]. - The company's service offerings include broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [3]. - Shentel operates an extensive regional network with over 17,700 route miles of fiber [3].

Core Points - Glo Fiber has opened a new retail store in Winchester, Virginia, enhancing access to ultra-fast fiber internet services [1] - The store's grand opening event is scheduled for October 9, featuring local radio personality Chris Mitchell [1] - Glo Fiber provides services to over 25,000 homes and businesses in Winchester and Frederick County [2] Company Overview - Glo Fiber, powered by Shenandoah Telecommunications Company (Shentel), offers multi-gigabit broadband internet, streaming TV, and voice services [5] - The company serves approximately 380,000 homes and businesses across multiple states, utilizing advanced fiber-to-the-home technology [5] - Glo Fiber's network supports symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) [3][11] Competitive Advantages - Glo Fiber emphasizes reliable, local customer service and straightforward pricing without long-term contracts [11] - The company operates a regional fiber network spanning over 17,700 miles, ensuring high-speed and low-latency internet access [3][6] - Store hours are designed for customer convenience, operating Monday through Friday and the first Saturday of each month [4]

Core Points - Shenandoah Telecommunications Company (Shentel) has extended high-speed, gigabit internet service to approximately 3,300 additional homes in Campbell County, Virginia, with plans to add about 200 more by the end of the month [1] - The $20 million construction project is partly funded by the Virginia Telecommunication Initiative (VATI) and aims to enhance broadband infrastructure in rural areas [1] - Shentel emphasizes its commitment to serving rural communities and improving access to reliable internet for education, healthcare, and economic development [2] Company Overview - Shentel provides broadband services through high-speed fiber optic and cable networks to residential and commercial customers across eight states in the eastern United States [3] - The company owns an extensive regional network with over 17,700 route miles of fiber, offering services such as broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [3] Community Impact - The collaboration with the Virginia Department of Housing and Community Development on the VATI project is recognized for its positive impact on underserved households and businesses in Campbell County [2] - The initiative aims to create competitive communities by expanding broadband access, which is essential for unlocking opportunities in various sectors [2]

Company Overview - Shenandoah has a long history, founded in 1902 as a local telephone company in the Shenandoah Valley, Virginia [2] - The company has transformed from a local telephone provider to a broadband company, initially as a cable company and now focusing on fiber-to-the-home services [2] Strategic Focus - The current strategy emphasizes the fiber build initiative, which is a key component of the company's future growth and service delivery [1][2]

Summary of Shenandoah Telecommunications (SHEN) 2025 Conference Call Company Overview - Shenandoah Telecommunications Company, founded in 1902, has transformed from a telephone company to a broadband provider, focusing on fiber-to-the-home services [4][3] - Projected revenue for the year is over $350 million, with a significant regional fiber optic network spanning 18,000 route-miles from Chicago to Washington, D.C. [4][5] - The business split is approximately 75% residential and 25% commercial, with a focus on expanding fiber services [4][5] Fiber Build Strategy - The company has passed about 380,000 homes and businesses with its Glo Fiber service and aims to reach between 500,000 and 550,000 by the end of 2026 [5][6] - Targeting areas where they are the first fiber provider, with a focus on achieving a 37% terminal penetration rate and a 15%+ unlevered IRR [8][6] - The cost to pass is approximately $1,000 to $1,400 per home, with a current average of 80 to 90 homes passed per route-mile [48][49] Competitive Landscape - Competes primarily against Comcast (two-thirds of markets) and a combination of Charter and Cox [11] - Observed aggressive promotional pricing from competitors, but no significant impact on sales or churn due to lack of mobile offerings [12][14] - The company has a low churn rate of about 1% and a net promoter score of 69, indicating strong customer satisfaction [39][40] Recent Acquisitions - Acquired Horizon Telecom in Ohio, doubling the size of the commercial fiber business and enhancing regional network capabilities [18][19] - The acquisition strategy includes integrating smaller players within the region, with successful integration processes already in place [27][28] Financial Strategy and Capital Allocation - Upsized credit facility to $675 million and issued $80 million in preferred equity to support growth [20] - Plans to refinance the credit facility, potentially lowering the cost of debt by about 100 basis points [20] - Expected to reach free cash flow positive status by 2027, with a focus on returning capital to shareholders through dividends or share buybacks [83][88] Government Funding and Market Dynamics - Awarded over $100 million in grant funds for building to unserved areas, primarily through the American Rescue Plan Act [59] - Limited opportunities in BEAD funding due to low density in targeted areas, leading to a focus on Glo Fiber markets instead [60][61] - The permitting process remains a challenge, impacting the pace of fiber builds [54][66] Customer Service and Market Approach - Emphasizes local customer service with representatives from the markets served, leading to high customer satisfaction and low abandonment rates [35][37] - Engages in community marketing and direct sales efforts, with a significant portion of sales coming from door-to-door efforts [34] Future Outlook - The company sees potential for growth in smaller markets, with limited competition from larger providers [43] - Plans to continue focusing on high ARPU segments, with over 50% of new customers opting for gigabit plans [58] - Anticipates further consolidation in the telecom industry, positioning itself as a potential consolidator of smaller players [27][24]

Core Insights - Shenandoah Telecommunications Company (Shentel) is upgrading its network in Radford, Virginia, to provide 100% fiber-to-the-home internet service with speeds up to 5 Gbps [1][4] - The upgrade aims to enhance broadband service reliability, availability, and speed for both residential and business customers [2][4] - Shentel's fiber network spans 17,700 miles, enabling high-speed, low-latency internet and additional services like phone, video, and Whole-Home Wi-Fi [3][6] Company Overview - Shentel provides broadband services through advanced fiber optic and cable networks across eight states in the eastern United States [6] - The company offers a variety of services, including broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [6] Customer Benefits - Customers will experience symmetrical multi-gig internet speeds, facilitating fast downloads, uploads, and reliable online activities [4][9] - Current customers can upgrade to the new fiber network at no additional cost as construction is completed in their area [4] - Shentel emphasizes local customer service with real-time support, avoiding third-party call centers [9]

Core Viewpoint - Shenandoah Telecommunications Company (Shentel) will present at the Bank of America 2025 Media, Communications, & Entertainment Conference on September 3, 2025, at 9:40 AM E.T. [1] Company Overview - Shenandoah Telecommunications Company provides broadband services through high-speed fiber optic and cable networks to residential and commercial customers across eight contiguous states in the eastern United States [2] - The company's service offerings include broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [2] - Shentel operates an extensive regional network with over 17,700 route miles of fiber [2]

Core Viewpoint - Shenandoah Telecommunications Company has appointed Angela M. Olsen as Vice President-Legal and General Counsel, bringing over 25 years of legal experience to the company [1][2][3] Company Overview - Shenandoah Telecommunications Company provides broadband services through high-speed fiber optic and cable networks to residential and commercial customers across eight contiguous states in the eastern United States [4] - The company's service offerings include broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [4] - The company operates an extensive regional network with over 17,700 route miles of fiber [4] Leadership and Experience - Angela M. Olsen has previously held significant legal positions, including General Counsel and Corporate Secretary at AquaBounty Technologies, and Senior Advisor and Associate General Counsel at DuPont [2] - Olsen's background includes experience as a trial attorney at the US Department of Justice and in private practice at prominent law firms [2] - The CEO of Shentel, Christopher French, expressed confidence in Olsen's capabilities, highlighting her deep understanding of corporate law and her potential contribution to the company's growth [3]

Core Points - Shenandoah Telecommunications Company (Shentel) has received the 2025 CableFax Top Ops Award for Work Culture, recognizing its commitment to improving employee lives and fostering a connected work environment [1][6] - The company emphasizes core values such as teamwork, integrity, communication, agility, cooperation, mutual trust, and respect, which are integral to its success [2] - Shentel's community engagement initiatives, including the Shentel Cares program, encourage employees to support local charities and make a meaningful impact [2][4] - The company has been recognized for its investment in employee development through various support initiatives, including educational assistance and leadership training [5] - This is the second consecutive year Shentel has won a CableFax Top Ops Award, having previously been recognized in 2024 for its Glo Fiber brand as Fiber Provider of the Year [6] Company Overview - Shenandoah Telecommunications Company provides broadband services through advanced fiber optic and cable networks to residential and commercial customers across eight contiguous states in the eastern United States [7] - The company's service offerings include broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services, supported by an extensive regional network of over 17,700 route miles of fiber [7]