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Mar 31, 2020
Shentel Q1 2020 Earnings Report
Announced first quarter 2020 financial and operating results.
Key Takeaways
Shentel reported its first quarter 2020 results, noting that the COVID-19 crisis began to affect operating and financial results during the latter part of the quarter, but the effects were not material to the overall performance.
Postpaid gross additions decreased due to the temporary closure of approximately 40% of Sprint-branded retail stores.
Interruption of wireless operating momentum is expected to continue until economies in served markets more fully re-open.
Impacts from COVID-19 related closures to broadband and tower segments have been minimal.
Initiatives introduced include upgrading broadband speeds for over 27,000 customers and increasing data allowances.
Forward Guidance
The company expects that the interruption of its wireless operating momentum will continue until the economies in the markets that it serves more fully re-open, but does not expect that the long-term growth prospects of its wireless business will be materially affected.
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