Shentel expands high-speed internet to 3,300 homes in Campbell County, Virginia, with $20 million funding support.
Quiver AI Summary
Shenandoah Telecommunications Company (Shentel) has expanded its high-speed gigabit internet services to an additional 3,300 homes in Campbell County, Virginia, with plans to add 200 more by the end of September 2025. This $20 million project, partly funded by the Virginia Telecommunication Initiative (VATI) and supported by Shentel's own investment and contributions from Campbell County, aims to improve broadband access in underserved rural areas. Officials, including Campbell County's Assistant County Administrator Paul Harvey, praised the initiative for its positive impact on connectivity for local households and businesses. Shentel emphasizes its commitment to providing reliable internet services in rural areas, enhancing opportunities in education, healthcare, and economic development.
Potential Positives
- Shentel extended high-speed, gigabit internet service to approximately 3,300 additional homes in Campbell County, improving connectivity for underserved areas.
- The $20 million construction project demonstrates significant investment in local infrastructure, partially funded by the Virginia Telecommunication Initiative (VATI), showcasing a commitment to rural development.
- The project's collaboration with the Virginia Department of Housing and Community Development highlights Shentel's dedication to community engagement and support for economic and social opportunities in rural regions.
- Shentel’s commitment to offering reliable internet and local customer service distinguishes the company in the competitive broadband market, potentially attracting more customers in the region.
Potential Negatives
- While the press release highlights Shentel's expansion and investment in broadband infrastructure, it may raise concerns about the company's reliance on external funding sources, such as the Commonwealth of Virginia's VATI initiative, which could indicate potential financial vulnerabilities or limitations in self-sustainability.
FAQ
What is the recent expansion by Shentel in Campbell County?
Shentel recently expanded high-speed gigabit internet services to about 3,300 additional homes in Campbell County, Virginia.
How much is the investment for the broadband expansion project?
The total investment for this broadband expansion project is $20 million, partially funded by the Virginia Telecommunication Initiative.
What is the Virginia Telecommunication Initiative (VATI)?
The VATI aims to expand broadband access in rural areas, enhancing community competitiveness and connectivity.
How does Shentel support rural communities?
Shentel supports rural communities by providing reliable broadband services, straightforward pricing, and excellent local customer service.
Where can I find more information about Shentel's services?
More information about Shentel's services can be found at www.shentel.com for residential and www.shentelbusiness.com for commercial services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SHEN Insider Trading Activity
$SHEN insiders have traded $SHEN stock on the open market 125 times in the past 6 months. Of those trades, 125 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SHEN stock by insiders over the last 6 months:
- CONTROLCO, LLC ECP has made 62 purchases buying 1,004,721 shares for an estimated $13,599,865 and 0 sales.
- FIBER HOLDINGS GP, LLC ECP has made 62 purchases buying 1,004,721 shares for an estimated $13,599,865 and 0 sales.
- CHRISTOPHER E FRENCH (President & CEO) purchased 16,800 shares for an estimated $198,676
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SHEN Hedge Fund Activity
We have seen 78 institutional investors add shares of $SHEN stock to their portfolio, and 88 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SOUTHEASTERN ASSET MANAGEMENT INC/TN/ added 1,378,250 shares (+151.5%) to their portfolio in Q2 2025, for an estimated $18,826,895
- ECP CONTROLCO, LLC added 261,987 shares (+10.7%) to their portfolio in Q2 2025, for an estimated $3,578,742
- AMERICAN CENTURY COMPANIES INC added 250,901 shares (+51.3%) to their portfolio in Q2 2025, for an estimated $3,427,307
- GOLDMAN SACHS GROUP INC removed 243,282 shares (-45.6%) from their portfolio in Q2 2025, for an estimated $3,323,232
- INVESCO LTD. added 227,789 shares (+103.7%) to their portfolio in Q2 2025, for an estimated $3,111,597
- FIRST TRUST ADVISORS LP removed 199,884 shares (-84.6%) from their portfolio in Q2 2025, for an estimated $2,730,415
- MILLENNIUM MANAGEMENT LLC removed 191,774 shares (-42.7%) from their portfolio in Q2 2025, for an estimated $2,619,632
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SHEN Analyst Ratings
Wall Street analysts have issued reports on $SHEN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BWS Financial issued a "Buy" rating on 05/01/2025
To track analyst ratings and price targets for $SHEN, check out Quiver Quantitative's $SHEN forecast page.
Full Release
EDINBURG, Va., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN), a leading provider of broadband services, recently extended high-speed, gigabit internet service to approximately 3,300 additional homes in Campbell County, Virginia and plans to add about 200 more by the end of the month. This $20 million construction project is partly funded by the Commonwealth of Virginia’s nationally recognized Virginia Telecommunication Initiative (VATI) run by the Department of Housing and Community Development (DHCD). The rest of the funding comes from Shentel’s own capital investment and a contribution from Campbell County. The goal of the VATI initiative is to create strong, competitive communities by expanding broadband infrastructure into rural areas that lack access to high-speed internet.
"Campbell County is excited by the progress Shentel has made in making broadband internet available to so many underserved households and businesses in the County," said Paul Harvey, Assistant County Administrator with Campbell County. The collaboration on the VATI project is noteworthy and is resulting in a tangible benefit to many of our citizens."
As a leading broadband internet provider serving smaller markets and rural communities, Shentel takes great pride in several key differentiators:
- Fast internet with exceptional reliability
- Easy, straight-forward pricing with no long-term contracts
- Prompt and friendly local customer service
-
A full range of video and voice service options
“Shentel is proud to have partnered with the Virginia Department of Housing and Community Development to expand high-speed broadband access through the VATI program,” said Chris Kyle, Vice President of Regulatory & Industry Affairs of Shentel. “With deep roots in Virginia and a long-standing commitment to serving rural communities, we have worked hard to expand to previously underserved areas of Campbell County. The Campbell County staff has also been incredibly supportive and collaborative throughout the process, and their dedication to improving connectivity for their residents has made a meaningful impact. Ensuring that rural Virginians have access to the same reliable internet as those in more metropolitan areas is essential for unlocking opportunities in education, healthcare, and economic development—no matter where they call home.”
To learn more about Shentel, please visit www.shentel.com for residential service and www.shentelbusiness.com for commercial service.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. Shentel’s services include: broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 17,700 route miles of fiber. For more information, please visit
www.shentel.com
.
Media Contact:
Jennifer McDowell
[email protected]
540-984-5055
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d9e3167-7f61-4dab-a8b8-0b8ad854f394
