Who is ntelos under




















The reorganized, post-bankruptcy company, again went public in The acquisition of Ntelos by Shentel, which has been unanimously approved by the boards of directors of both companies, is expected to close in early , the companies said.

In a separate release, Shentel said it will pick up about , Ntelos subscribers, giving it more than 1 million wireless customers overall. Edinburg-based Shenandoah Telecommunications companies provide local and long distance telephone, Internet and data services, cable television, wireless voice and data services, alarm monitoring, and telecommunications equipment in the mid-Atlantic and Southeastern United States.

Facebook Twitter Email. Shentel to acquire Ntelos. Staff report PR Newswire. Speculation around a ShenTel deal with Telos was heavy in May after the Financial Times reported the two were close to a deal. ShenTel will convert about , nTelos retail wireless customers into Sprint branded affiliate customers, and an additional 8, nTelos retail wireless customers into Sprint branded retail customers.

These existing Sprint retail customers, in combination with the nTelos customers, will enable Shentel to serve approximately , additional customers under its affiliate arrangement with Sprint. As part of the transaction, ShenTel and Sprint have also agreed to extend their Affiliate relationship by five years through In addition, at closing Sprint will purchase from ShenTel the nTelos equipment receivables for nTelos customers at a discounted amount to be paid over 24 months.

After the closing, Shentel's wireless segment will continue to operate as a Sprint Affiliate and is expected to serve a licensed market area with a total population of 5. With the close of this deal, Shentel will be positioned as one of the top six public wireless providers in the United States. We look forward to welcoming nTelos employees to the Shentel team and to serving the nTelos customers. The acquisition is expected to close by early Artboard Created with Sketch. Multichannel News.



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