EDINBURG, Va., March  03, 2026  (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN), a leading broadband service provider, is pleased to announce the completion of its Virginia

SHEN

Shentel Completes the Expansion of Gigabit Broadband Service in Bedford County

Shentel Expands Broadband Access with $24 Million Investment in Virginia

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  <section data-block="information">
    <h3>Information</h3>
    <p>EDINBURG, Va., March  03, 2026  (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN), a leading broadband service provider, is pleased to announce the completion of its Virginia</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Shenandoah Telecommunications Company (SHEN) has announced the completion of a $24 million project to provide gigabit internet to over 4,900 homes in Bedford County, Virginia. This expansion is expected to drive economic growth and enhance internet accessibility, potentially increasing SHEN&#039;s market presence in rural areas.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Shentel completed a $24 million VATI project in Virginia.</li><li>Over 4,900 homes now have gigabit broadband access.</li><li>Project financed by VATI program and Shentel&#039;s capital investment.</li><li>Completing the project supports economic growth and digital access.</li><li>Shentel is focused on expanding high-speed internet in rural areas.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Virginia Department of Housing and Community Development</strong>: Collaborated with Shentel on the VATI project, enhancing public-private partnerships.</li><li><strong>Bedford County</strong>: Provided additional funding, indicating strong local support for Shentel&#039;s services.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039;, highlighting Shentel&#039;s strategic investments in improving broadband infrastructure, essential for competitive positioning in the telecom industry.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Completion of the VATI project can lead to increased customer subscriptions.</li><li>The expansion may attract new investors focused on rural broadband initiatives.</li><li>Improved internet access enhances potential for business partnerships in local economies.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Shentel invested $24 million in the VATI project.</li><li>4,900 homes now have access to gigabit broadband.</li><li>Project contributes to the goal of universal broadband coverage in Virginia.</li><li>Partly funded by the Virginia Department of Housing and Community Development.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>SHEN is likely to see increased demand and revenue growth from this investment in broadband expansion over the next 6-12 months.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>EDINBURG, Va., March  03, 2026  (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SHEN">SHEN</a>), a leading broadband service provider, is pleased to announce the completion of its Virginia Telecommunications Initiative (VATI) project to expand gigabit broadband internet service to more than 4,900 previously unserved homes in Bedford County, Virginia. The $24 million construction project was partly funded by the nationally recognized VATI program, administered by the Virginia Department of Housing and Community Development. Additional funding was provided through Shentel's own capital investment and a contribution from Bedford County.</p>  <p>"We applaud Shentel for its expansive work to bring high-speed internet access to Bedford County. Their professionalism and strong partnership have been instrumental in advancing the Board of Supervisors' goal of universal broadband coverage. As a result, residents and businesses in these project areas are better positioned to succeed," said County Administrator Robert Hiss.</p>  <p>As a leading broadband internet provider serving smaller markets and rural communities, Shentel takes great pride in several key differentiators:</p>  <ul type="disc"><li style="margin-bottom:8pt;">Fast internet with exceptional reliability</li><li style="margin-bottom:8pt;">Easy, straight-forward pricing with no long-term contracts</li><li style="margin-bottom:8pt;">Prompt and friendly local customer service</li><li style="margin-bottom:8pt;">A full range of video and voice service options</li></ul>  <p>"The completion of this VATI project in Bedford County is a powerful example of what can be achieved when the Commonwealth, local governments, and private providers work together toward a shared goal," said Chris Kyle, Vice President of Regulatory &amp; Industry Affairs at Shentel. "Through our partnership with the Virginia Department of Housing and Community Development and Bedford County, we are delivering reliable, gigabit‑capable broadband to thousands of rural households that previously had little or no access. This investment will support economic growth, enhance educational opportunities, and ensure residents can fully participate in today's digital economy—no matter where they live."</p>  <p>To learn more about Shentel, please visit <a href="https://www.globenewswire.com/Tracker?data=XPSumoJnICfI9V7mVI0mdmpl2WzM3YsnUvkrJ8lwdmfyD191WWeIM4TnSG2gu_tWrNJJpmu8fLj_COwyZa9zag==" rel="nofollow" target="_blank">www.shentel.com</a> for residential service and <a href="https://www.globenewswire.com/Tracker?data=XPSumoJnICfI9V7mVI0mdsVBW0YPz-J3V6q4ZhvwBEaZByc4JVhxePJMZvTSgQXKaQ4ka0az5r1KzXcVgGKmZZlfFEau5hm2iJ6gte1xpVk=" rel="nofollow" target="_blank">www.shentelbusiness.com</a> for commercial service.</p>  <p><strong>About Shenandoah Telecommunications</strong><br></br>Shenandoah Telecommunications Company (Shentel) provides broadband services through its high-speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. Shentel's services include: broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 19,000 route miles of fiber. For more information, please visit <a href="https://www.globenewswire.com/Tracker?data=XPSumoJnICfI9V7mVI0mdh-UVtjyGDsUgRGQuRaDQG0gVIEydZNnkPyW7fLoChPYXBxna5S-AWK7QnCTt3ycrg==" rel="nofollow" target="_blank">www.shentel.com</a>.<br></br><br></br><strong>Media Contact:</strong><br></br>Jennifer McDowell<br></br>Jennifer.McDowell@emp.shentel.com<br></br>540-984-5055<br></br></p>  <p>A photo accompanying this announcement is available at <a href="https://www.globenewswire.com/Tracker?data=36CVxJePo7BHxWi3jpLB10z2ndssRY71wVj_8QYgZW7uJiJ8kNQrrZHSQOI95mBfHOLfl5vc6Q2WahaQO56cYM7_NC9aVbN5WyZFWEkzENsvGBrkeeTdg37aq8n7fZLzZUYxeeHkFQjgUBurc2LBjP5uC8U1hXTqDvRpCEOEz-9ufrSqwMgNOTtx_jAClAQrcHqfIgJ8-KP2NjjdV7SOe_eI8iRC0HWKZZQ1GyojNUEu_HAT3GLCNDI1GyvKC6zxuM8sK9p0J6Eu0gOcNmw3iw==" rel="nofollow" target="_blank">https://www.globenewswire.com/NewsRoom/AttachmentNg/6ab14cef-374c-4888-96c6-0e629808ac40</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY2MjkxMiM3NDU5NDEzIzIyOTczMTM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/N2RlMzY1OWItMTViNy00MjVlLTkzMTctZDUzYjJlODA0NTgzLTEzMDg4NjMtMjAyNi0wMy0wMy1lbg==/tiny/Shenandoah-Telecommunications-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8d49bf7c-1808-4f82-9d4d-d5940a58a2ca"><img src="https://ml.globenewswire.com/media/8d49bf7c-1808-4f82-9d4d-d5940a58a2ca/small/shentel-png.png" border="0" width="150" height="25" alt="Primary Logo"></img></a></p>

Shenandoah Telecommunications Company (SHEN) has announced the completion of a $24 million project to provide gigabit internet to over 4,900 homes in Bedford County, Virginia. This expansion is expected to drive economic growth and enhance internet accessibility, potentially increasing SHEN's market presence in rural areas.

Shentel Completes the Expansion of Gigabit Broadband Service in Bedford County

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