SU president wins Virginia Business Women in Leadership Award
Shenandoah University President Dr. Tracy Fitzsimmons is a recipient of the 2022 Virginia Business Women in Leadership Awards.
She will be featured on the cover of the Virginia Business July ’22 issue.
Dr. Fitzsimmons was awarded in the large business category and selected from more than 300 nominees.
She was chosen based on her overall career accomplishments, mentoring work with women and girls, and community engagement.
Dr. Fitzsimmons is the first female president in SU history as well as the vice-chair for Shentel’s board of directors, secretary of the Loudoun Education Foundation, and member of the GO Virginia Region 8 Council.
Reflecting on the award, Dr. Fitzsimmons said, “I am honored to have been included among such an inspiring group of women leaders. But more importantly, I am mindful that this award is really about the strength, creativity and vision of the whole SU community.”
For more news from across the Shenandoah Valley, click here.
Shentel rebrands and renames the company
An email from Shenandoah Telecommunications Company (Shentel) announced the rebranding and renaming of the company.
Shentel based out of Edinburg Virginia will now be known as Glo Fiber Enterprise.
The company hopes the new name and logo will reinforce its commitment to leveraging the latest in technology.
Fiber optic technology strives to provide accessible enterprise level data and voice services to the communities throughout the region.
Shentel’s new web address is now GloFiberEnterprise.com.
We can expect additional information and updates at that sight in the coming weeks.
For more news from across the Shenandoah Valley, click here.
Shentel corrects an email outage
In a social post from Shenandoah Telecommunications Company (Shentel) it was announced that the company had experienced an email outage.
The post update states the outage has been corrected as of yesterday.
All systems are reportedly back to full service at shentel.net.
However emails that were sent during the outage may still be in the process of being delivered.
Those emails should arrive in your inbox today Jan. 18.
If you are still experiencing an issue you should reach out to Shentel.
For more news from across the Shenandoah Valley, click here.
Shentel expands high speed internet for Page County
Shenandoah Telecommunications Company (Shentel) announces the expansion of high speed internet access to homes in Page, Orange and Barbour Counties.
New communication towers with a fixed wireless broadband service called beam is now capable of providing high speed internet service to those areas.
The new service could provide service to over 1,600 households once implemented.
Shentel has more information on this new service at (540) 534-2326 or you can visit iwantbeam.com.
For more news from across the Shenandoah Valley, click here.
Shenandoah Telecom: 4Q Earnings Snapshot
By Associated Press | Published Feb. 26, 2021 7:09 a.m.
EDINBURG, Va. (AP) _ Shenandoah Telecommunications Co. (SHEN) on Thursday reported fourth-quarter earnings of $49.3 million.
The Edinburg, Virginia-based company said it had net income of 98 cents per share. Earnings, adjusted to account for discontinued operations, were 3 cents per share.
The telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia posted revenue of $58.1 million in the period.
For the year, the company reported profit of $126.7 million, or $2.53 per share. Revenue was reported as $220.8 million.
Shenandoah Telecom expects full-year revenue in the range of $241 million to $248 million.
Shenandoah Telecom shares have increased 5% since the beginning of the year. The stock has fallen 6% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHEN at https://www.zacks.com/ap/SHEN
(All contents © copyright 2021 Associated Press. All rights reserved)
For more news from across the Shenandoah Valley, click here.
Shentel and T-Mobile make a deal
Shenandoah Telecommunications Company (Shentel) announced the purchase price of their wireless assets by T-Mobile is complete at $1.95 billion.
Shentel and T-Mobile expect the transaction will close in the second quarter of 2021.
After-tax proceeds for Shentel will be approximately $1.5 billion.
Shentel plans to use the proceeds to, among other things:
- Repay approximately $702 million of outstanding term loans and swap liabilities and terminate the respective agreements;
- Issue a special dividend of $18.75 per share to Shentel’s shareholders;
- Provide adequate liquidity for growth and potential strategic acquisitions; and
- Provide liquidity for general corporate purposes.
Shentel expects to pay the special dividend in the second quarter 2021 after the close of the Shentel Wireless transaction, subject to the approval of Shentel’s Board of Directors.
For more news from across the Shenandoah Valley, click here.