EDINBURG, Va., May  05, 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 Franklin County

Shentel Completes $32M Broadband Expansion Project in Franklin County

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>EDINBURG, Va., May  05, 2026  (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN), a leading broadband service provider, is pleased to announce the completion of its Virginia</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Shenandoah Telecommunications (SHEN) has completed a $32 million broadband expansion, providing gigabit internet to over 6,700 homes in Franklin County, Virginia. This project significantly boosts the company&#039;s service offerings and infrastructure in underserved rural areas, potentially driving customer growth and increasing revenue.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>SHEN completes $32M broadband expansion in Franklin County, Virginia.</li><li>6,700 homes gain access to gigabit internet service.</li><li>Project funded by VATI program and Shentel&#039;s capital investments.</li><li>Expansion strengthens infrastructure in previously underserved areas.</li><li>Shentel highlights reliability and customer service as key differentiators.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Virginia Department of Housing and Community Development</strong>: Administers VATI funding which facilitated SHEN&#039;s expansion.</li><li><strong>Franklin County</strong>: Local government partnership highlights regional growth opportunities for SHEN.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it highlights a significant project completion by Shentel, impacting its operational capacity and potential revenue growth.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Positive reception from Franklin County indicates strong community relationships.</li><li>Expansion may increase SHEN&#039;s customer base and revenue streams.</li><li>Additional projects in underserved areas could enhance SHEN&#039;s market share.</li><li>Successful completion boosts investor confidence in management&#039;s execution capabilities.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Project cost: $32 million.</li><li>Access granted to over 6,700 homes.</li><li>Partially funded by the VATI program from the Virginia government.</li><li>Shentel has over 19,400 route miles of fiber.</li><li>Expansion completed in May 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider SHEN as a buy due to growth potential from this expansion in the next 12 months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>EDINBURG, Va., May  05, 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 6,700 previously unserved homes in Franklin County, Virginia. The $32 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 Franklin County.</p>  <p>"Franklin County sincerely appreciates the partnerships and funding provided from the State of Virginia through the Virginia Telecommunications Initiative (VATI) program and the significant private investment made by Shentel to extend new high speed internet services to thousands of Franklin County residents and households," said County Administrator Steven Sandy. "Shentel has been a valued business partner in Franklin County for many years and we were glad to have them as a partner in this very important project. Without these partnerships and funding, the availability of these services for our citizens and businesses would have taken many more years to complete."</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;">Prompt and friendly local customer service</li><li style="margin-bottom:8pt;">A full range of video and voice service options<br></br><br></br></li></ul>  <p>"Expanding broadband in rural areas takes sustained effort, close coordination, and a shared commitment to seeing complex projects through to completion," said Chris Kyle, Vice President of Regulatory &amp; Industry Affairs at Shentel. "Working alongside Steve Sandy and his team at Franklin County as well as the Department of Housing &amp; Community Development, we've completed a network expansion that brings high‑capacity internet service to thousands of homes that previously had limited or no options. This investment strengthens the county's infrastructure and helps ensure residents, businesses, and community institutions have the connectivity they need to move forward with confidence."</p>  <p>To learn more about Shentel, please visit <a href="https://www.globenewswire.com/Tracker?data=30-EJjqV6uWs-u6uefpF6Gvi6SqirmSPLfQezvoyMd86zA7bnPd2BVSj5ts9Umw1ptWAmmidpO1SLzNmgBQprg==" rel="nofollow" target="_blank">www.shentel.com</a> for residential service and <a href="https://www.globenewswire.com/Tracker?data=30-EJjqV6uWs-u6uefpF6IR07_8BGbMNbdGnsptxWac7dlmQLttug1mljHUklGWGd38AuLmu-D9pKQmD4ul1dYcjzzkYsYTvNIKHnAs7pXc=" 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 19,400 route miles of fiber. For more information, please visit <a href="https://www.globenewswire.com/Tracker?data=30-EJjqV6uWs-u6uefpF6FbNKkT26Tcha6UFTgac_VIvIn_WzXEgsLIF3kYqFYWj1xy36LPWLjA5AtUZVNReQQ==" rel="nofollow" target="_blank">www.shentel.com</a>.</p>  <p><strong>Media Contact:</strong><br></br>Jennifer McDowell<br></br>Jennifer.McDowell@emp.shentel.com<br></br>540-984-5055</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxMjYyMiM3NTgyMDIzIzIyOTczMTM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MjhlMmEyNzItZmI5Yi00MmU1LWE0MjAtZmVmMzUzNWZmN2FiLTEzMDg4NjMtMjAyNi0wNS0wNS1lbg==/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 (SHEN) has completed a $32 million broadband expansion, providing gigabit internet to over 6,700 homes in Franklin County, Virginia. This project significantly boosts the company's service offerings and infrastructure in underserved rural areas, potentially driving customer growth and increasing revenue.

Shentel Completes the Expansion of Gigabit Broadband Service in Franklin County

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News