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Shentel Expands High-Speed, Reliable Broadband Service in Campbell County, VA

1. Shentel expands gigabit internet to 3,300 homes in Campbell County, Virginia. 2. A $20 million project includes funding from Virginia and local contributions. 3. VATI initiative aims to enhance broadband access in rural communities. 4. Shentel emphasizes reliability, straightforward pricing, and customer service. 5. Improving connectivity unlocks opportunities in education and economic development.

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FAQ

Why Bullish?

The expansion enhances Shentel's market presence. Historical investments in broadband often lead to increased revenues and stock appreciation.

How important is it?

Expansion projects demonstrate Shentel's commitment to growth, increasing investor confidence.

Why Long Term?

Ongoing broadband projects position Shentel for sustained growth and regional dominance, benefiting long-term valuation.

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VZTMUST
EDINBURG, Va., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN), a leading provider of broadband services, recently extended high-speed, gigabit internet service to approximately 3,300 additional homes in Campbell County, Virginia and plans to add about 200 more by the end of the month. This $20 million construction project is partly funded by the Commonwealth of Virginia’s nationally recognized Virginia Telecommunication Initiative (VATI) run by the Department of Housing and Community Development (DHCD). The rest of the funding comes from Shentel’s own capital investment and a contribution from Campbell County. The goal of the VATI initiative is to create strong, competitive communities by expanding broadband infrastructure into rural areas that lack access to high-speed internet. "Campbell County is excited by the progress Shentel has made in making broadband internet available to so many underserved households and businesses in the County," said Paul Harvey, Assistant County Administrator with Campbell County. The collaboration on the VATI project is noteworthy and is resulting in a tangible benefit to many of our citizens." As a leading broadband internet provider serving smaller markets and rural communities, Shentel takes great pride in several key differentiators: Fast internet with exceptional reliabilityEasy, straight-forward pricing with no long-term contractsPrompt and friendly local customer serviceA full range of video and voice service options “Shentel is proud to have partnered with the Virginia Department of Housing and Community Development to expand high-speed broadband access through the VATI program,” said Chris Kyle, Vice President of Regulatory & Industry Affairs of Shentel. “With deep roots in Virginia and a long-standing commitment to serving rural communities, we have worked hard to expand to previously underserved areas of Campbell County. The Campbell County staff has also been incredibly supportive and collaborative throughout the process, and their dedication to improving connectivity for their residents has made a meaningful impact. Ensuring that rural Virginians have access to the same reliable internet as those in more metropolitan areas is essential for unlocking opportunities in education, healthcare, and economic development—no matter where they call home.” To learn more about Shentel, please visit www.shentel.com for residential service and www.shentelbusiness.com for commercial service. About Shenandoah TelecommunicationsShenandoah 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 17,700 route miles of fiber. For more information, please visit www.shentel.com. Media Contact:Jennifer McDowellJennifer.McDowell@emp.shentel.com540-984-5055 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d9e3167-7f61-4dab-a8b8-0b8ad854f394 Laying Fiber Shentel construction team running reels of new fiber line.

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