Shenandoah Telecommunications Co/Va/ (NASDAQ: SHEN)

Shenandoah Telecommunications Company provides broadband services through its state of the art fiber optic and cable networks to customers in eight contiguous states in the eastern United States. The company offers broadband internet video and voice services high speed Ethernet dark fiber leasing and managed network services. It also provides voice and digital subscriber line services as a rural local exchange carrier in selected counties of Virginia and Ohio.

The company generates revenue primarily from residential and commercial subscriptions for broadband internet video and voice services. Additional revenue comes from high speed Ethernet and dark fiber leasing to enterprise and wholesale customers. Managed network services also contribute to the company’s income. The rural local exchange carrier operations provide voice and DSL revenue in specific service areas.

Shenandoah Telecommunications Company is an incumbent broadband provider passing approximately 252 000 homes and businesses across its service area. Its Glo Fiber fiber to the home network passes about 427 000 premises and competes with incumbent cable operators and telephone companies. The company faces competition from digital subscriber line providers cable overbuilders fixed wireless services and wireless substitution driven by fifth generation technology. Competitive advantages include its extensive fiber optic network of roughly 19 000 route miles and its strong presence in rural markets where it holds carrier of last resort obligations.

The company serves residential and commercial customers in Virginia West Virginia Maryland Pennsylvania Kentucky Delaware Ohio and Indiana. It also provides dark fiber Ethernet and managed network services to enterprise and wholesale customers throughout the same region. Rural local exchange carrier operations serve customers in Shenandoah County Virginia and Ross County Ohio and surrounding areas.