SHEN - Public offerings

EDINBURG, Va., March 29, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced that it has completed the initial closing of the previously disclosed sale of its tower portfolio and operations ("Tower Portfolio") to Vertical Bridge Holdco, LLC ("Vertical Bridge") for $309.9 million in cash.     "The proceeds from the sale of our Tower Portfolio will be used to fund the previously announced acquisition of Horizon Telcom and provide growth capital to accelerate our fiber-first strategy and planned expansion of Glo Fiber to approximately 600,000 homes and business passings by year-end 2026," said Shentel's President and CEO, Christ

EDINBURG, Va., March 01, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco, LLC ("Vertical Bridge") to sell its tower portfolio and operations ("Tower Portfolio") to Vertical Bridge for $310.3 million in cash (the "Transaction"). The Transaction is subject to customary closing conditions. Vertical Bridge will pay Shentel the $310.3 million purchase price on the date of the initial closing. Subsequent closings will occur as closing conditions are met for any remaining sites. The Company expects an initial closing in March 2024. The Company expe