Jump to content

[Breaking News] Shentel to buy out Ntelos


Recommended Posts

 

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sprint (NYSE: S) and Shentel (Nasdaq:SHEN) today announced they have amended their affiliate agreement and entered into several other agreements concurrent with Shentel entering into an agreement to acquire NTELOS Holdings Corp. (nTelos) (Nasdaq:NTLS). The related agreements call for Sprint to pay Shentel up to $252 million over approximately 5-6 years through a reduction in Sprint’s retained revenues under the affiliate agreement in consideration for spectrum, customers, and value derived from the amended Shentel affiliate relationship and related commercial terms.

“With this agreement, Sprint will grow its customer base, improve its financial performance, acquire spectrum in important markets and improve and expand 4G LTE coverage to Sprint and nTelos customers.”

Upon closing of Shentel’s purchase of nTelos, Sprint will receive nTelos spectrum assets covering 5.4 million people in parts of Virginia, West Virginia, Pennsylvania, Maryland, Ohio, Kentucky and North Carolina. Shentel will terminate the existing network wholesale agreements between Sprint and nTelos, continue to upgrade the nTelos network to 4G LTE and expand coverage in the areas with at least an additional 150 sites over the next three years, using spectrum acquired by Sprint and made available to Shentel as part of the transaction. Shentel will also be able to utilize Sprint’s 2.5 GHz spectrum within its footprint. This will provide an enhanced and more complete network for the new and existing Sprint customers.

 

In addition, the approximately 290,000 nTelos retail wireless customers and Sprint’s approximately 291,000 retail wireless customers in the area will be converted to Sprint-branded affiliate customers, and an additional 8,000 nTelos retail customers will be converted into Sprint- branded retail customers. It is anticipated that Sprint will transition its existing retail wireless operations within the nTelos territory to Shentel. As part of the transaction, Shentel and Sprint have also agreed to extend their affiliate relationship an additional 5 years to 2029.

 

“Sprint and Shentel have a long successful relationship and this announcement will only make it stronger,” said Michael C. Schwartz, Sprint senior vice president of Corporate and Business Development. “With this agreement, Sprint will grow its customer base, improve its financial performance, acquire spectrum in important markets and improve and expand 4G LTE coverage to Sprint and nTelos customers.”

 

Sprint expects the transaction to have a positive impact on EBITDA in the first year following the close of the agreement.

Current Sprint and Shentel customers will not be impacted by these transactions. Current nTelos customers do not need to take any immediate action. Once the transaction closes, the nTelos customers are expected to be able to continue to use their current phone, and Shentel, along with Sprint, will begin to transition the nTelos customers to the Sprint billing system and customer care services. Additional information will be communicated directly to the nTelos customers and posted to a new website, www.WelcomeToShentel.com.

 

The transaction is subject to customary regulatory approvals and is expected to close in early 2016.

 

 

http://www.businesswire.com/news/home/20150810006072/en/

 

 

Great news for those in ntelos land! 

  • Like 28
Link to post
Share on other sites
  • Replies 86
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

OH, GLORIOUS DAY!  I never thought this day would come.  There are tears of joy in Roanoke, Blacksburg, Charleston, Huntington/Tri Cities, Beckley, Staunton, Lynchburg, Danville, Charlottesville, Morg

Great news for those in ntelos land! 

I love how Shentel is going to be adding 150 new sites.  Aggressive.

OH, GLORIOUS DAY!  I never thought this day would come.  There are tears of joy in Roanoke, Blacksburg, Charleston, Huntington/Tri Cities, Beckley, Staunton, Lynchburg, Danville, Charlottesville, Morgantown and Martinsville.  Children are running through the streets, cheering.  YAY!!!

  • Like 29
Link to post
Share on other sites

Begs the question, what exact spectrum holdings does nTelos have?

 

Based on what I'm reading, Shentel will take over building out their network, and essentially become a super affiliate? Also gain access to B41 spectrum to deploy?

 

Talk about a win for rural areas. 

  • Like 7
Link to post
Share on other sites

Begs the question, what exact spectrum holdings does nTelos have?

 

Based on what I'm reading, Shentel will take over building out their network, and essentially become a super affiliate? Also gain access to B41 spectrum to deploy?

 

Talk about a win for rural areas.

Significant amounts of band 2/4/41 and maybe band 12 in some areas.

 

They also hold pcs spectrum in adjacent territories that they don't serve. Band 4 can be swapped with tmobile or whoever else for PCS.

 

With Shentel at the lead ntelos land may be transformed from one of the worst to one of the best sprint user markets.

 

Sent from my Nexus 5

  • Like 18
Link to post
Share on other sites

Some future upgrades planned:

 

EDIT: From (www.welcometoshentel.com)

 

"Shentel is committed to investing over $300 million to continue and accelerate the upgrade and expansion of the existing nTelos wireless network which will result in significantly better wireless service for the wireless customers in that region."

 

"As part of the expansion of the network, Shentel is committed to adding an additional 150 coverage sites which will provide an enhanced and more complete network for the new Sprint customers."

 

 

shentel_coverage.png

  • Like 12
Link to post
Share on other sites

I love how Shentel is going to be adding 150 new sites. Aggressive.

No doubt it's funded by a certain JPN company. This shows that they're pretty serious about expanding and improving sprints performance.

 

Next up.. Swiftel land.

 

Sent from my Nexus 5

  • Like 17
Link to post
Share on other sites

Begs the question, what exact spectrum holdings does nTelos have?

 

Based on what I'm reading, Shentel will take over building out their network, and essentially become a super affiliate? Also gain access to B41 spectrum to deploy?

 

Talk about a win for rural areas.

 

They have some nice PCS spectrum holdings throughout their service area (and nearby it as mentioned), a decent AWS block in parts of VA, and I believe they have some BRS/EBS as well.

 

If only they hadn't sold the PCS spectrum that they had in the Richmond and Norfolk area. :wall:

Link to post
Share on other sites

Next up.. Swiftel land.

Sent from my Nexus 5

 

Oooh, I quiver with anticipation!  I love when you talk dirty to me.

  • Like 16
Link to post
Share on other sites

Oooh, I quiver with anticipation! I love when you talk dirty to me.

Do we need to add a NSFW tag to this post?

  • Like 7
Link to post
Share on other sites

So question... 

With the following numbers mentioned in the articles

189,000 Post paid retail subscribers

102,000 prepaid retail subscribers

-----------

291,000 Total transition into Sprint branded customers

 

 

223,000 postpaid nTelos retail subscribers

067,000 prepaid nTelos retail subscribers

----------

290,000 Total that are transition to Sprint affiliate

 

 

006,000 postpaid nTelos retail subscribers

002,000 prepaid nTelos retail subscribers

----------

008,000 Total converted to Sprint retail customers

 

589.000 Total customers <----- am I to assume that this is the amount that will be added in the next quarterly report?

 

 

TS

  • Like 1
Link to post
Share on other sites

So question... 

 

.....

 

589.000 Total customers <----- am I to assume that this is the amount that will be added in the next quarterly report?

 

 

TS

 

I think the total adds are 290,000, the 291,000 number I believe is Sprint customers that will become Shentel customers (so no net ads there). I am not sure about the other 8,000 though.

  • Like 1
Link to post
Share on other sites
589.000 Total customers <----- am I to assume that this is the amount that will be added in the next quarterly report?

TS

No. The nTelos customers are the only adds. The other approximately 300,000 are currently Sprint customers in nTelos territory that Sprint is putting into the Shentel affiliate agreement.

  • Like 2
Link to post
Share on other sites

I think the total adds are 290,000, the 291,000 number I believe is Sprint customers that will become Shentel customers (so no net ads there). I am not sure about the other 8,000 though.

 

 

No. The nTelos customers are the only adds. The other approximately 300,000 are currently Sprint customers in nTelos territory that Sprint is putting into the Shentel affiliate agreement.

Ah okay. Thanks for the clarification. (The numbers I grabbed including that 8,000 was from the  link that cdk posted).

 

TS

  • Like 2
Link to post
Share on other sites

So how exactly does this help sprint?

Do they have nationwide something that sprint can use?

The primary benefit is for us Sprint folks who live in nTelos-land. We will FINALLY get 4G service, which we've NEVER had before (unless we traveled elsewhere). It will take time - I read in one of those links that this deal doesn't close till early 2016 - and there's backhaul to get. However, Shentel was fast and thorough in upgrading their network, so it will be a quality product at the end. I'm hoping that maybe this project is on a slightly faster track, coming on the heels of the recent visit to Japan. :-D

 

Sent from Tapatalk on either my HTC One M9 or Tab4 10.1, it kinda depends

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • large.unreadcontent.png.6ef00db54e758d06

  • gallery_1_23_9202.png

  • Similar Content

    • By The_Chemist
      I am experiencing a very strange issue on my Samsung Galaxy Mega Tri Band Phone.
       
      I have searched the forums before posting this, and found no similar issues. Please forgive me if this was already posted elsewhere.
       
      Upon a fresh boot, my Samsung Galaxy Mega displays the correct time. When I place a call, the time falls back 1 hour.
       
      I'm not exactly sure how a cell phone grabs the time from the cellular system, but it appears that when my phone falls back to 3G for the call, the time resets to what the Shentel tower is broadcasting on 3G.
       
      Are there separate time coordinations for LTE and 3G?
       
      I can set the time manually to avoid the error, but that defeats the whole purpose of accurate time.
       
      Does anyone else have this issue in the Harrisburg area? Has anyone else ever experienced this?
       
      Maybe when the Mega falls back to take the call it interprets that literally as the end of daylight saving time and it "Falls Back" one hour!
       
      Thinks
       
      EDIT: This phenomenon happens when receiving a call as well.  As long as the phone falls back to 3G for a call, the time falls back one hour as well.  The only way to correct the time is to manually set it or reboot the phone.
    • By DJBPace07
      I have a situation with Sprint, nTelos, and signal reception.  I'm wanting to join Sprint to take advantage of the new unlimited plans but apparently my part of their network isn't that good.  Knowing that Boost Mobile is an MVNO for Sprint I bought a cheap Boost phone, the Kyocera Boost and took it to places where I go.  I have 75% to full signal at my house and almost everywhere else I go, except work.  I get about three bars in the parking lot, two at the door going inside the building, but once I get to my desk, I have zero bars or no service.

      I live in north central West Virginia, about an hour away from the Pennsylvania border on I-79 which puts me in nTelos land, so I don't believe anything like Network Vision will be here any time soon given how nTelos is dragging their feet with just about everything they do.  On the coverage map, everywhere I go appears covered under the Sprint network.

      Boost Mobile is an MVNO but I'm not sure if they are treated exactly like native Sprint phones on the nTelos network, would a native Sprint phone fare any better in testing at my workplace?

      The phone I tested was a Kyocera Coast, which is very inexpensive, the phone I'm wanting when it comes out is the Samsung Ativ S Neo.  These are two vastly different devices with different levels of quality.  Would the Samsung device be better at finding a usable signal at work?

      If you look at a Sprint Network Vision map, upgrades happen around Pittsburgh and go south on I-79 stopping right at the WV border.  Has Sprint or nTelos mentioned anything about Network Vision in this part of West Virginia?
       
    • By lordsutch
      Does anyone have a good source to determine the boundaries between the various affiliate and strategic partner/Rural Alliance markets?
       
      The reason I ask... for most of the time I've been in Blacksburg I thought I was in Shentel land, but after reading in-depth on the Shentel and nTelos sites it looks like I'm actually in nTelos land; they don't break out the Blacksburg-Christiansburg market, but every single market around the area is nTelos and nTelos does have a local retail presence. Obviously since Shentel has committed to NV and nTelos hasn't as far as I know (in fact speculation has it that nTelos will deploy LTE on its AWS spectrum, not 1900 & ESMR, although nTelos isn't saying anything much about LTE at the moment) this makes a big difference.
  • Posts

  • Recently Browsing

    No registered users viewing this page.

×
×
  • Create New...