GLO

Shenandoah Telecommunications Company Completes Sale of its Towers

Retrieved on: 
Friday, March 29, 2024
Acquisition, Sale, GLO

EDINBURG, Va., March 29, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced that it has completed the initial closing of the previously disclosed sale of its tower portfolio and operations (“Tower Portfolio”) to Vertical Bridge Holdco, LLC (“Vertical Bridge”) for $309.9 million in cash.

Key Points: 
  • EDINBURG, Va., March 29, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced that it has completed the initial closing of the previously disclosed sale of its tower portfolio and operations (“Tower Portfolio”) to Vertical Bridge Holdco, LLC (“Vertical Bridge”) for $309.9 million in cash.
  • “The proceeds from the sale of our Tower Portfolio will be used to fund the previously announced acquisition of Horizon Telcom and provide growth capital to accelerate our fiber-first strategy and planned expansion of Glo Fiber to approximately 600,000 homes and business passings by year-end 2026,” said Shentel’s President and CEO, Christopher E. French.

Funding from the State of Texas, City of Houston, Harris County Saves At-Risk Permanent Supportive Housing

Retrieved on: 
Monday, March 4, 2024
Community development, Coalition, GLO, Disaster recovery, City, Housing, Renting, HUD, KeyBank, Government, Homelessness, PSH, Health, Private sector, TDHCA, Organization, Policy, CDC, Houston Housing Authority, CDBG, WNC, Community Development Block Grant, Temenos, Partnership, Renewable energy

NEW YORK, March 4, 2024 /PRNewswire-PRWeb/ -- Temenos Community Development Corporation (CDC) in partnership with The NHP Foundation ("NHPF"), a national not-for-profit provider of affordable housing, announced the opening of Rasmus-Temenos, 95 Permanent Supportive Housing (PSH) apartments at a Ribbon-Cutting ceremony today.

Key Points: 
  • Funding for this transformative project includes significant contributions from the City of Houston Housing and Community Development, with $12.5 million allocated, and $11 million in Community Development Block Grant (CDBG) funding for Disaster Recovery from Harris County.
  • These critical funds, approved by the Texas General Land Office (GLO), underscore the government's commitment to supporting initiatives that address homelessness and housing insecurity.
  • Temenos CDC, known for its mission-driven approach to affordable housing and supportive services, has played a pivotal role in championing this initiative.
  • Eva Thibaudeau, CEO of Temenos CDC, highlighted the cooperative nature of the project and thanked all funding partners for their support.

Glo Fiber Announces Expansion to Kingsmill in Williamsburg, VA

Retrieved on: 
Tuesday, February 13, 2024
Marketing, Senior, Internet, GLO, WANT, Shentel, KCSA, Data-rate units, FTTH, Mid-Atlantic (United States), Internet service provider

EDINBURG, Va., Feb. 13, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced that they have reached an agreement with the Kingsmill Community Services Association (KCSA) to deploy next generation fiber-to-the-home (FTTH) broadband services to Kingsmill residents. Kingsmill is a premier community in Williamsburg, Virginia, situated on 3,000 acres with more than 2,400 homes.

Key Points: 
  • EDINBURG, Va., Feb. 13, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced that they have reached an agreement with the Kingsmill Community Services Association (KCSA) to deploy next generation fiber-to-the-home (FTTH) broadband services to Kingsmill residents.
  • Glo Fiber provides a direct fiber-to-the-home internet connection with super-fast, symmetrical upload and download speeds up to 5 gigabits per second (Gbps).
  • The fiber-to-the-home network, coupled with Shentel's 9,300-mile regional fiber network, enables Glo Fiber to deliver high speeds, low latency, and unparalleled reliability.
  • Additionally, we pride ourselves on providing local customer service to help our customers get the most out of their Glo Fiber services."

IBCAP spearheads $25.5 million copyright infringement lawsuit against Glo TV and Rays IPTV

Retrieved on: 
Wednesday, December 13, 2023
Atmosphere, Sale, Dish Network, Court, Complaint, Internet, GLO, Health insurance

The complaint asserts that the illegal provision of copyrighted IBCAP member content through the infringing service Glo TV directly infringes IBCAP member copyrights by transmitting 20 television channels and the programs that air on those channels over the internet to users in the U.S.

Key Points: 
  • The complaint asserts that the illegal provision of copyrighted IBCAP member content through the infringing service Glo TV directly infringes IBCAP member copyrights by transmitting 20 television channels and the programs that air on those channels over the internet to users in the U.S.
  • The complaint also asserts claims against the remaining defendants for contributory and vicarious copyright infringement.
  • The defendants received multiple notices of infringement from IBCAP, yet ignored those notices and continued to infringe.
  • “As with other cases coordinated by IBCAP, we fully expect these defendants will be held accountable, and the Court will enjoin retailers, wholesalers, and others from supporting the Glo TV service.”
    The lawsuit was coordinated by IBCAP and filed by IBCAP member DISH Network.

Shenandoah Telecommunications Company Reports Third Quarter 2023 Results

Retrieved on: 
Friday, November 3, 2023
Acceleration, Sale, Sprint, Public expenditure, RGU, Beam, EBITDA, Net, Acquisition, Maintenance, Tower, Advertising, Growth, Commercial, Webcast, Depreciation, Capital expenditure, SMB, Rationalization, Shentel, GLO, Mobile phone, Video game, Bookkeeping, Cryptocurrency, Broadband

EDINBURG, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced third quarter 2023 financial and operating results.

Key Points: 
  • EDINBURG, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced third quarter 2023 financial and operating results.
  • Glo Fiber Markets added approximately 4,500 subscribers; 13.9% higher than the third quarter of 2022 and 12.5% higher than the second quarter 2023.
  • Consolidated net income was $1.6 million in the third quarter of 2023, compared with net loss of $2.7 million in the third quarter of 2022.
  • Broadband operating income was $9.3 million in the third quarter of 2023, compared to $4.8 million in the third quarter of 2022.

Corpus Christi Carbon Storage Hub Awarded to World-Class Team Led by Repsol

Retrieved on: 
Tuesday, September 5, 2023
Other Energy, Utilities, Manufacturing, Oil, Gas, Coal, Environmental Health, Alternative Energy, Energy, Environment, Mining, Minerals, Sustainability, Natural Resources, Climate Change, Steel, Carbon, Mitsui, Partnership, Texas General Land Office, O&G, PSF, GLO, Port, Lead, Port of Corpus Christi, POSCO, Information economy, POSCO International, CCS, Permanent School Fund, CO2, Renewable energy, MEPUSA, Repsol

The Texas General Land Office (GLO) awarded a Repsol-led partnership a contract for over 140,000 gross acres of pore space owned by of the Permanent School Fund (PSF) for CO2 storage located offshore of Corpus Christi, Texas.

Key Points: 
  • The Texas General Land Office (GLO) awarded a Repsol-led partnership a contract for over 140,000 gross acres of pore space owned by of the Permanent School Fund (PSF) for CO2 storage located offshore of Corpus Christi, Texas.
  • Equity interests in the partnership will be 40 % Repsol (Operator), 40 % Carbonvert, 10 % MEPUSA and 10 % POSCO.
  • David Ramos, Geological Low Carbon Solutions Director for Repsol said: “Repsol is excited to lead and operate this project that will ultimately add to our strong presence in the country through our O&G operations and Low Carbon projects.
  • Corpus Christi is a strategic region for Repsol pursuing Low Carbon developments where the Port of Corpus Christi plays an essential role for the industry.

Shenandoah Telecommunications Company Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023
Rationalization, Advertising, Sprint, Capital expenditure, GLO, Tower, Shentel, SMB, ARPU, Net, Public expenditure, Market, EBITDA, RGU, Depreciation, Webcast, Commercial, Mobile phone, Video game, Cryptocurrency, Broadband

EDINBURG, Va., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced second quarter 2023 financial and operating results.

Key Points: 
  • EDINBURG, Va., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced second quarter 2023 financial and operating results.
  • Consolidated net income was $1.8 million in the second quarter of 2023, compared with net loss of $3.2 million in the second quarter of 2022.
  • Broadband operating income was $9.7 million in the second quarter of 2023, compared to $4.1 million in the second quarter of 2022.
  • Tower Adjusted EBITDA in the second quarter of 2023 grew 3.7% to $3.0 million, compared with $2.9 million for the second quarter of 2022.

BearingPoint Grows with Addition of Fabrice Roche as US Partner

Retrieved on: 
Thursday, June 29, 2023
Technology, Consulting, Professional Services, Other Technology, University, Health, Roche, GLO, Business, New York University, Multimedia, Organization, Business administration, Partner, BearingPoint, ENSTA Paris, New York University Stern School of Business, PMOS, Knowledge, Growth, Master of Business Administration, Environment, Retail, Science

BearingPoint, an independent management and technology consulting firm with US headquarters in Chicago, announces Fabrice Roche has joined its US leadership as Partner focused on digital transformation.

Key Points: 
  • BearingPoint, an independent management and technology consulting firm with US headquarters in Chicago, announces Fabrice Roche has joined its US leadership as Partner focused on digital transformation.
  • Roche will be based out of New York, where he will support and grow BearingPoint’s client base in the Northeast.
  • View the full release here: https://www.businesswire.com/news/home/20230629484198/en/
    Fabrice Roche has joined BearingPoint's US leadership as Partner focused on digital transformation.
  • I am delighted that Fabrice is now part of the BearingPoint family,” said Matthias Loebich, BearingPoint Regional Leader GLO and Arcwide.

Nigeria Telecommunications Industry Report 2022: Local and International Trends, Influencing Factors, Competitive Landscape, Outlook, Industry Associations - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 25, 2023
Technology, Telecommunications, Infinix Mobile, IHS Towers, Internet, MTN, GLO, Telephone numbers in Hungary, Samsung, Human, Tecno, Telecommunications industry, Transsion, Mobile, Cloud computing, 9mobile Prize for Literature, Telephone numbers in Lebanon, Growth, Century, Digital, Itel, Mobile phone, Video game, Bharti Airtel, Glo (company)

The "The Telecommunications Industry in Nigeria 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Telecommunications Industry in Nigeria 2022" report has been added to ResearchAndMarkets.com's offering.
  • This report focuses on Nigerian mobile and fixed telephony, internet and broadband, and the infrastructure that supports them.
  • It includes information on the state and size of the sector, trends, regulations and government initiatives and developments.
  • The telecommunications sector in Nigeria has the capacity to drive the transformation agenda of the Nigerian government towards a digital economy by 2025.

ADVANCED MEDAESTHETIC PARTNERS UNVEILS NEWEST STRATEGIC PARTNER

Retrieved on: 
Tuesday, May 16, 2023
Science, Maintenance, Growth, Laser, GLO, Patient, AMP, Electric motor

DALLAS, May 16, 2023 /PRNewswire/ -- Advanced Medaesthetic Partners (AMP), a leading medical aesthetics platform, proudly announces a strategic investment in an industry-leading medical spa: Glo MedSpa in Wilmington, North Carolina.

Key Points: 
  • DALLAS, May 16, 2023 /PRNewswire/ -- Advanced Medaesthetic Partners (AMP), a leading medical aesthetics platform, proudly announces a strategic investment in an industry-leading medical spa: Glo MedSpa in Wilmington, North Carolina.
  • This new partner reinforces AMP's position as the largest, fastest growing multi-brand aesthetic platform in the United States.
  • Glo MedSpa is the premier North Carolina destination for those seeking high-quality aesthetic services.
  • "We are thrilled to partner with this exceptional practice," details Nicole Chiaramonte, AMP Chief Executive Officer.