Add-on Acquisition • Communications

Shenandoah Telecommunication Acquires NTELOS Holdings

On August 10, 2015, Shenandoah Telecommunication acquired communications company NTELOS Holdings for 640M USD

Acquisition Context
  • This is Shenandoah Telecommunication’s 4th transaction in the Communications sector.
  • This is Shenandoah Telecommunication’s largest (disclosed) transaction.
  • This is Shenandoah Telecommunication’s 4th transaction in the United States.
  • This is Shenandoah Telecommunication’s 2nd transaction in Virginia.

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M&A Deal Summary

Date August 10, 2015
Target NTELOS Holdings
Sector Communications
Buyer(s) Shenandoah Telecommunication
Deal Type Add-on Acquisition
Deal Value 640M USD
Advisor(s) UBS Investment Bank
Stephens (Financial)
Mayer Brown (Legal)

Target Company

NTELOS Holdings

Waynesboro, Virginia, United States
NTELOS Holdings Corp. is an integrated communications provider including wireless phone service, local and long distance telephone services, high capacity transport, data and voice services for Internet access and wide area networking and IPTV-based video services.
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Buyer Overview 1

Buyer

Shenandoah Telecommunication

Edinburg, Virginia, United States

Category Company
Founded 1902
Sector Communications
Employees1,089
Revenue 328M USD (2024)
DESCRIPTION

Shenandoah Telecommunication is a diversified telecommunications holding company, provides both regulated and unregulated telecommunications services to end-user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, and western Maryland. Shenandoah Telecommunication was founded in 1902 and is based in Edinburg, Virginia.


Deal Context for Buyer #
Overall 4 of 6
Sector: Communications 4 of 5
Type: Add-on Acquisition 3 of 5
State: Virginia 2 of 2
Country: United States 4 of 6
Year: 2015 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-09 Helicon Cable Holdings

Rye Brook, New York, United States

Helicon Cable (also known as Jetbroadband) is a cable system operator that is predominately focused on rural areas in the eastern United Sates.

Buy $148M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Colane Cable TV

Omar, West Virginia, United States

Colane Cable TV, Inc. is a provider of cable system services. Colane serves 3,680 customers and passes 8,660 homes.

Buy $2M