Trade Shenandoah Telecommunications Co - SHEN CFD

Shenandoah Company profile

About Shenandoah Telecommunications Company

Shenandoah Telecommunications Company provides broadband services through its cable, fiber-optic and fixed wireless networks to customers in the Mid-Atlantic United States. Its segments include Broadband and Tower. The Broadband segment provides broadband Internet, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, through fiber optic services under the brand name of Glo Fiber, hybrid fiber coaxial cable under the brand name of Shentel, and fixed wireless network services under the brand name of Beam. The Broadband segment also leases dark fiber and provides ethernet and wavelength fiber optic services to enterprise and wholesale customers throughout the entirety of its service area. The Tower segment owns over 220 macro cell towers and leases colocation space on the towers to wireless communications providers. Its towers are built on ground that it leases from its respective landlords.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Shenandoah Telecommunications Company revenues increased 11% to $245.2M. Net income before extraordinary items increased from $2.6M to $7.9M. Revenues reflect Broadband segment increase of 12% to $228.1M, Tower segment increase of 4% to $17.7M. Net income benefited from Corporate & Eliminations segment loss decrease of 20% to $40.3M, Tower segment income increase of 2% to $9M.

Equity composition

Common Stock no Par, 2/11, 48M auth., 23,767,000 issd., Insiders control approx. 5.47% . IPO: N/A. 2/04, 1/95, 2-for-1 stock split. *10/00, Exchange changedfrom OTC Bulletin Board to NASDAQ. 08/07, 3-for-1 stock split. 1/2016, 2-for-1 stock split.