Shentel reported strong progress in growing broadband networks and data subscribers, coupled with a reduction in operating expenses, leading to outstanding revenue and Adjusted OIBDA growth rates. The sale of Wireless assets and operations to T-Mobile was completed on July 1, 2021, resulting in over $936 million returned to shareholders via a special dividend.
Completed the transformation into a broadband-centric company with the sale of Wireless assets to T-Mobile.
Returned over $936 million in value to shareholders via a special dividend.
Made strong progress in growing broadband networks and data subscribers.
Reduced operating expenses to align with broadband and tower businesses.
The Company is reaffirming the full-year 2021 guidance.
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