S&P 600 component
Russell 2000 component
|Services||Local and long-distance telephone service, cable television, Internet access, wireless Internet access, digital phone, fiber-optic Internet, wholesale|
|Revenue||$612 million (2017)|
|$46.5 million (2017)|
|$-6.995 million (2016)|
Number of employees
Shentel, officially Shenandoah Telecommunications Company, is a publicly traded telecommunications company headquartered in Edinburg, Virginia. It operates a digital wireless and wireline network in rural Virginia, West Virginia, Maryland and Pennsylvania.
Shentel was founded in January 1902 as the Farmers' Mutual Telephone System of Shenandoah County (FMTS). This was one of a number of Farmers' Mutual telephone systems established in rural areas of the United States. The company's initial goal was to bring telephone service to rural residents of Shenandoah County, VA. In 1960 the name changed to Shenandoah Telephone Company, then in 1981 to Shenandoah Telecommunications Company (Shentel). The company launched cable TV service and a fiber optic network in the 1980s. In 1984 Shentel added mobile and paging services. In 1990 Shentel launched Shenandoah Cellular, the first company in Virginia to offer cellular service to a rural area. Internet service was made available to Shentel customers in 1994.
In the 2000s Shentel began to expand its cable footprint - purchasing cable assets from Rapid Communications in Virginia and West Virginia in 2008, and acquiring JetBroadband in southern Virginia and southern West Virginia in 2010. Later in 2010, Shentel purchased two small cable systems from Suddenlink Communications (one in West Virginia, the other in Maryland).
In May 2016, Shentel finished acquiring its competitor Ntelos for 640 million dollars. acquiring 297,500 subscribers. The deal also transferred an additional 291,000 subscribers from Sprint in exchange for Ntelos spectrum, making Shentel the sixth largest public wireless company in the United States.
In February 2019, Shentel announced the agreement to purchase Big Shandy Broadband, a Kentucky-based cable television, broadband Internet and phone provider.
On August 27, 2020, T-Mobile USA has decided to purchase the wireless assets of the company.
A great many telephone charters are coming in to the office of the Secretary of the Commonwealth to be recorded….received yesterday…Farmers' Mutual Telephone System of Shenandoah County.