Shentel reported their Q4 and full year 2019 results, highlighting progress in their strategic plan with investments in cable and wireless networks leading to positive returns. Cable broadband penetration grew, and the Wireless business achieved a record year in postpaid additions. The company launched Glo Fiber and acquired mid-band spectrum for a fixed wireless broadband launch planned for later in the year.
Cable broadband penetration grew from 37.4% to 40.6% in 2019.
Wireless business achieved a record year of postpaid gross and net additions.
Launched new fiber edge-out strategy, Glo Fiber.
Acquired valuable mid-band spectrum for planned fixed wireless broadband launch.
Shentel expects investments will drive long-term growth in Broadband business for the next several years and are well positioned financially and operationally to continue the positive momentum in 2020.
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