Virginia-based Shenandoah Telecommunications Company is looking to sell its Converged Services subsidiary, which provides triple-play services (i.e. voice, video, Internet) to multiple dwelling units (i.e. apartment buildings) throughout the Mid-Atlantic and Southeastern U.S. Most of its MDU biz comes from off-campus student housing.
ShenTel is considering spinning off the business so it can focus on its long-term strategic plan to grow its wireless business as a Sprint PCS affiliate and expand its triple play services beyond its August cable acquisition. It's also losing money; the unit had a loss of $1.8 million on $3 million in revenues in the last reporting quarter.
- Forbes on Shenandoah selling cable subsidiary. Report.
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