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General

Shentel to pay special dividend after sale of wireless ops, guides for higher 2020, 2021

Wednesday 3 February 2021 | 14:34 CET | News
Shenandoah Telecommunications (Shentel) said it will pay a special dividend in the second quarter of USD 8.75 per share following the sale of its mobile business to T-Mobile US for USD 1.95 billion. Money from the sale will also be used to pay down USD 702 million worth of outstanding term loans and swap liabilities, terminating those respective agreements. Liquidity will also towards growth and potential strategic acquisitions, as well as other general corporate purposes.

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Categories: General
Companies: Shenandoah Telecommunications / T-Mobile US
Countries: United States
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