Shentel Purchase to Cost T-Mobile $1.95B
T-Mobile’s proposed buy of Shentel Wireless is a step closer to completion after three independent valuation providers arrived at a $1.95 billion price, Shenandoah Telecommunications Co. said Tuesday. Shentel and T-Mobile expect a definitive agreement in Q1 and closing in…
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Q2, Shentel said. T-Mobile filed the agreement Tuesday at the SEC. The deal gives T-Mobile subscribers in parts of Maryland, North Carolina, Virginia, West Virginia, Kentucky, Ohio and Pennsylvania. T-Mobile said in August it would exercise an option to buy Shentel (see 2008270048). “The transaction comes as little surprise given the options facing T-Mobile for resolving Sprint’s affiliate agreement with the company … and should result in the addition of 1.1 million subscribers to T-Mobile,” New Street’s Jonathan Chaplin told investors.