NEWS

Shenandoah Telecommunications Announces Acquisition of Big Sandy Broadband, Inc.

Friday, Mar 01, 2019

 Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announces that it has closed a transaction to acquire the assets of Big Sandy Broadband, Inc (“Big Sandy”), the leading provider of cable television, telephone and high speed internet services in Eastern Kentucky.  Big Sandy, which has served Johnson and Floyd counties for 56 years, will add approximately 4,700 revenue generating units (RGUs) to Shentel’s cable segment, including more than 2,200 broadband RGUs.

Executive Vice President and COO Dave Heimbach commented, "We’re pleased to have this opportunity to add Big Sandy’s solid network and customer base to our cable operations.  This acquisition furthers our strategy to expand our footprint with the addition of quality networks in contiguous markets and we look forward to enhancing our coverage and service capabilities with an increased presence in Kentucky.”

B. Riley FBR, Inc. was financial advisor to Big Sandy Broadband, Inc. for this transaction.

 

Source: globenewswire.com

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