Shentel Gains 262 PALs in 74 Counties in CBRS Mid-Band Spectrum Auction
October 01 2020 - 7:00AM
Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN), a
leading provider of telecommunications and broadband services in
Virginia, West Virginia, Pennsylvania, Maryland, Kentucky and Ohio,
today announced they won a total of 262 PALs in 74 counties at
the FCC's CBRS mid-band spectrum auction.
Shentel’s strategy for the auction was informed by the Company’s
mission, which is to enrich the lives of its customers by bringing
the highest quality telecommunications services found anywhere else
in the country to the rural areas and smaller communities which it
serves.
At the auction, Shentel won an average of 3.54 out of 7 of the
PALs in 74 counties across Virginia, West Virginia, Maryland and
Pennsylvania. Other highlights from the auction for Shentel
include:
- Total investment of $16 million
- 121,037,390 MHz POPs
- $0.133 per MHz POP (61% of auction average)
- 149,246 RDOF subsidy locations covered
- 597M in RDOF auction reserves covered
“We are very proud to win 262 licenses in the CBRS auction,”
said Dave Heimbach, EVP & COO of Shentel. “Broadband access has
become increasingly critical amidst the COVID-19 pandemic, and
Shentel specializes in providing advanced telecommunications
services to rural and underserved markets, where the lack of
broadband is particularly acute. This investment in mid-band
spectrum, which is particularly well-suited to fixed wireless
broadband deployments in rural areas, will ensure we are able to
continue bringing critical broadband access to the communities we
serve.”
In addition to the CBRS spectrum acquisition, Shentel is also
launching a new high-speed Internet service this month using fixed
wireless broadband technology on 2.5GHz mid-band spectrum in
portions of Virginia, West Virginia and Ohio. “Beam Internet” by
Shentel was created to reach homes beyond the edge of its fiber to
the home and cable broadband networks. Beam will leverage a
5G-ready fixed wireless network that will also take advantage of
the newly acquired CBRS midband spectrum. The new service will
enable rural homeowners to connect to the Beam wireless network via
a small outdoor modem mounted on or near the roof of their homes.
There will initially be three speed offerings available:
- 25Mbps Download/3Mbps Upload
- 50Mbps Download/5Mbps Upload
- 100Mbps Download/10Mbps Upload
Prices will start at $60 per month for high-speed Internet with
available home phone service including unlimited long distance for
an additional $20 per month. The service will include an outdoor
mounted receiver and up to 2 in-home Wi-Fi extenders.
For more information about Shentel, please
visit www.shentel.com or call 1-800-SHENTEL (1-800-743-6835).
To learn more about Beam Internet by Shentel, please visit
www.iwantbeam.com.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides a broad
range of diversified communications services through its high
speed, state-of-the-art wireless, cable and fiber optic networks to
customers in the Mid-Atlantic United States. The Company’s services
include: wireless voice and data; broadband internet, video, and
digital voice; fiber optic Ethernet, wavelength and leasing;
telephone voice and digital subscriber line; and tower colocation
leasing. Shentel is the exclusive personal communications
service (“PCS”) Affiliate of Sprint in a multi-state area covering
large portions of central and western Virginia, south-central
Pennsylvania, West Virginia, and portions of Maryland, Kentucky,
and Ohio. For more information, please
visit www.shentel.com.
Media Contact:
Angela Washington,
Shentel540-984-5117Angela.Washington@emp.shentel.com
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