T-Mobile has exercised its option under Shentel’s affiliate agreement with Sprint to purchase the local company’s wireless operations, announced the Company on Tuesday.
Shentel is the exclusive personal communications service affiliate of Sprint in a multi-state area covering large portions of central and western Virginia, south-central Pennsylvania, West Virginia, and portions of Maryland, Kentucky, and Ohio.
Shentel’s wireless business generates more than $400 million in revenue with approximately 400 employees throughout its service area.
Prior to T-Mobile exercising the purchase option, Shentel and T-Mobile had been in discussions regarding the framework for the appraisal process if T-Mobile were to exercise its option. The parties were not able to agree on certain terms, and Shentel on Monday delivered to T-Mobile a notice of dispute relating to such appraisal framework and other contractual terms related to T-Mobile’s acquisition of Shentel’s wireless operations.
Shentel President and CEO Christopher E. French
Without Shentel, many of our wireless customers would not have otherwise had a reliable provider they could count on for critical connectivity to keep in touch with loved ones or to support their livelihood.
