Shenandoah Telecommunications Company (“Shentel” or the “Company”)
(Nasdaq: SHEN) announced first quarter 2024 financial and operating
results.
Tower segment’s financial results will be
presented as discontinued operations in the Company’s Consolidated
Financial Statements. Under the new organizational and reporting
structure, the Company has one reportable segment in continuing
operations.
First Quarter 2024 Highlights
- Glo Fiber Markets added
approximately 5,000 subscribers and ended the quarter with
approximately 47,000 subscribers.
- Glo Fiber passings grew 25,700 to a
total of approximately 260,000.
- As previously reported, Shentel
completed the initial closing of the sale of substantially all of
Shentel’s tower portfolio and operations (“Tower Portfolio”) to
Vertical Bridge Holdco, LLC for $309.9 million in cash (the
“Tower Transaction”) on March 29, 2024. The Company expects to pay
up to $10.0 million in income taxes during the remainder of 2024 as
a result of the gain on the sale after utilization of net operating
loss carryforwards.
- Revenue grew 3.1% to $69.2 million
compared to the first quarter of 2023. Glo Fiber Markets revenue
grew 73.0% to $12.1 million.
- Net loss from continuing operations
was $4.1 million in the first quarter of 2024 compared with net
income from continuing operations of $0.7 million in the first
quarter of 2023 due primarily to higher interest expense.
- Net income from discontinued
operations was $218.8 million in the first quarter of 2024,
compared with net income of $1.3 million in the first quarter of
2023 due primarily to a gain recognized on the sale of the Tower
Portfolio.
“We had another record quarter for Glo Fiber net
subscriber additions and a strong quarter of Glo Fiber passings
released to sales, while also closing a major acquisition, a major
divestiture and $356 million in financings.” said President and
CEO, Christopher E. French. “We are making good progress on the
Horizon integration, and we are well positioned for sustainable
organic growth as we complete the integration by early 2025.”
Shentel’s first-quarter earnings conference call
will be webcast at 8:30 a.m. ET on Friday, May 3, 2024. The
webcast and related materials will be available on Shentel’s
Investor Relations website at https://investor.shentel.com/.
First Quarter 2024 Results
- Total Cable Markets and Glo Fiber
Markets broadband data Revenue Generating Units (“RGUs”) as of
March 31, 2024 were 155,687, representing 12.2% year-over-year
growth. Penetration for Cable Markets and Glo Fiber Markets as of
March 31, 2024 were 50% and 18%, respectively, compared to 52%
and 17%, respectively, as of March 31, 2023. Total Glo Fiber
Markets passings grew year-over-year by 94,509 to 259,567.
- Revenue in the first quarter of
2024 grew $2.1 million, or 3.1%, to $69.2 million primarily driven
by a $4.7 million, or 9.1%, increase in Residential & Small and
Medium Business (“SMB”) revenue, partially offset by a $2.3
million, or 19.8%, decrease in Commercial Fiber revenue. Glo Fiber
Markets was the driver of the Residential & SMB revenue growth
due to a 62.3% increase in broadband data RGUs and a 9.7% increase
in broadband data Average Revenue per User (“ARPU”). Commercial
Fiber revenue decreased as expected due to the previously guided
decline in T-Mobile revenue from prior period backhaul circuit
disconnects as part of decommissioning the former Sprint
network.
- Cost of services for the three
months ended March 31, 2024, increased approximately $0.6 million,
or 2.2%, compared with the three months ended March 31, 2023,
primarily driven by a 17% increase in average cost per video RGU as
a result of annual programming cost increases and higher line costs
from expanding our Glo Fiber network into new markets.
- Selling, general and administrative
expense for the three months ended March 31, 2024, increased $2.4
million, or 9.3%, compared with the three months ended March 31,
2023, primarily driven by higher advertising costs associated with
the Company’s expansion of Glo Fiber, higher bad debt charges from
macro economic conditions and higher payroll and stock compensation
expenses.
- Adjusted EBITDA of $19.3 million in
the first quarter of 2024 was consistent with consolidated Adjusted
EBITDA in the first quarter of 2023.
- Depreciation and amortization
increased $2.2 million, or 14.2%, compared with the three months
ended March 31, 2023, primarily driven by the Company’s expansion
of its Glo Fiber network.
Other Information
- Capital expenditures were $70.1
million for the three months ended March 31, 2024 compared with
$67.5 million in the comparable 2023 period. The $2.6 million
increase in capital expenditures was primarily driven by inventory
timing and DOCSIS upgrades in Cable Markets and Glo Fiber and
government-subsidized market expansion.
- On April 1, 2024, Shentel completed
its previously announced acquisition of Horizon Acquisition Parent
LLC (“Horizon”) for $385 million including $305 million in cash and
issuing 4,100,375 shares of Shentel’s common stock to a selling
shareholder of Horizon (“Horizon Transaction”). Horizon is a
leading commercial fiber provider in Ohio and adjacent states.
Shentel funded the cash portion of the acquisition with a
combination of existing cash resources, proceeds from Tower
Transaction, and issuance of $81 million of 7% Participating
Exchangeable Perpetual Preferred Stock (“Preferred Stock”).
- On April 1, 2024, the Company
amended and upsized its credit facility by $275 million to a total
of $675 million to provide growth capital to fund its Glo Fiber
expansion to approximately 600,000 passings by the end of
2026.
- As of March 31, 2024, our cash
and cash equivalents totaled $389.7 million. On a pro forma basis
for the Horizon Transaction, issuance of Preferred Stock and credit
facility amendment and upsizing, total available liquidity was $484
million including approximately $109 million in cash and cash
equivalents, $225 million in delayed draw term loans and $150
million in revolving line of credit. On a pro forma basis for the
above transactions, debt, net of the Company’s cash balance, was
approximately $190 million.
Earnings Call Webcast
Date: Friday,
May 3, 2024Time: 8:30 A.M. (ET)Listen via
Internet: https://investor.shentel.com/For Analysts, please
register to dial-in at this link.
A replay of the call will be available for a
limited time on the Investor Relations page of the Company’s
website.
About Shenandoah
Telecommunications
Shenandoah Telecommunications Company (Shentel)
provides residential and commercial broadband services through its
high speed, state-of-the-art fiber optic and cable networks to
customers in seven contiguous states in the eastern United States.
The Company’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
15,600 route miles of fiber. For more information, please visit
www.shentel.com.
This release contains forward-looking statements
about Shentel regarding, among other things, its business strategy,
its prospects and its financial position. These statements can be
identified by the use of forward-looking terminology such as
“believes,” “estimates,” “expects,” “intends,” “may,” “will,”
“plans,” “should,” “could,” or “anticipates” or the negative or
other variation of these or similar words, or by discussions of
strategy or risks and uncertainties. The forward-looking statements
are based upon management’s beliefs, assumptions and current
expectations and may include comments as to Shentel’s beliefs and
expectations as to future events and trends affecting its business
that are necessarily subject to uncertainties, many of which are
outside Shentel’s control. Although management believes that the
expectations reflected in the forward-looking statements are
reasonable, forward-looking statements are not, and should not be
relied upon as, a guarantee of future performance or results, nor
will they necessarily prove to be accurate indications of the times
at which such performance or results will be achieved, and actual
results may differ materially from those contained in or implied by
the forward-looking statements as a result of various factors. A
discussion of other factors that may cause actual results to differ
from management’s projections, forecasts, estimates and
expectations is available in Shentel’s filings with the Securities
and Exchange Commission, including our Annual Report on Form 10-K
for the year ended December 31, 2023 and our Quarterly Reports
on Form 10-Q. Those factors may include, among others, the expected
savings and synergies from the Horizon Transaction may not be
realized or may take longer or cost more than expected to realize,
changes in overall economic conditions including rising inflation,
regulatory requirements, changes in technologies, changes in
competition, demand for our products and services, availability of
labor resources and capital, natural disasters, pandemics and
outbreaks of contagious diseases and other adverse public health
developments, such as COVID-19, and other conditions. The
forward-looking statements included are made only as of the date of
the statement. Shentel undertakes no obligation to revise or update
such statements to reflect current events or circumstances after
the date hereof, or to reflect the occurrence of unanticipated
events, except as required by law.
CONTACTS:
Shenandoah Telecommunications Company
Jim Volk Senior
Vice President and Chief Financial Officer
540-984-5168
Jim.Volk@emp.shentel.com
|
SHENANDOAH TELECOMMUNICATIONS COMPANY AND
SUBSIDIARIES |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME |
(in thousands, except per share amounts) |
|
Three Months EndedMarch 31, |
|
|
|
2024 |
|
|
|
2023 |
|
Service revenue and other |
|
$ |
69,248 |
|
|
$ |
67,165 |
|
Operating expenses: |
|
|
|
|
Cost of services exclusive of depreciation and amortization |
|
|
25,985 |
|
|
|
25,431 |
|
Selling, general and administrative |
|
|
28,596 |
|
|
|
26,159 |
|
Depreciation and amortization |
|
|
17,443 |
|
|
|
15,269 |
|
Total operating expenses |
|
|
72,024 |
|
|
|
66,859 |
|
Operating (loss) income |
|
|
(2,776 |
) |
|
|
306 |
|
Other (expense) income: |
|
|
|
|
Interest expense |
|
|
(4,076 |
) |
|
|
(392 |
) |
Other income, net |
|
|
1,736 |
|
|
|
1,509 |
|
(Loss) income from continuing operations before income taxes |
|
|
(5,116 |
) |
|
|
1,423 |
|
Income tax (benefit) expense |
|
|
(1,026 |
) |
|
|
682 |
|
(Loss) income from continuing operations |
|
|
(4,090 |
) |
|
|
741 |
|
Discontinued operations: |
|
|
|
|
Income from discontinued operations, net of tax |
|
|
1,981 |
|
|
|
1,325 |
|
Gain on the sale of discontinued operations, net of tax |
|
|
216,805 |
|
|
|
— |
|
Total income from discontinued operations, net of tax |
|
|
218,786 |
|
|
|
1,325 |
|
Net income |
|
|
214,696 |
|
|
|
2,066 |
|
|
|
|
|
|
Other comprehensive income: |
|
|
|
|
Unrealized gain on interest rate hedge, net of tax |
|
|
1,594 |
|
|
|
— |
|
Comprehensive income |
|
$ |
216,290 |
|
|
$ |
2,066 |
|
|
|
|
|
|
Net income per share, basic and diluted: |
|
|
|
|
Basic - (Loss) income from continuing operations |
|
$ |
(0.08 |
) |
|
$ |
0.01 |
|
Basic - Income from discontinued operations, net of tax |
|
|
4.33 |
|
|
|
0.03 |
|
Basic net income per share |
|
$ |
4.25 |
|
|
$ |
0.04 |
|
|
|
|
|
|
Diluted - (Loss) income from continuing operations |
|
$ |
(0.08 |
) |
|
$ |
0.01 |
|
Diluted - Income from discontinued operations, net of tax |
|
|
4.29 |
|
|
|
0.03 |
|
Diluted net income per share |
|
$ |
4.21 |
|
|
$ |
0.04 |
|
|
|
|
|
|
Weighted average shares outstanding, basic |
|
|
50,520 |
|
|
|
50,291 |
|
Weighted average shares outstanding, diluted |
|
|
51,011 |
|
|
|
50,512 |
|
|
|
|
|
|
|
SHENANDOAH
TELECOMMUNICATIONS COMPANY AND
SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED
BALANCE SHEETS |
(in thousands) |
March 31,2024 |
|
December 31,2023 |
ASSETS |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents |
$ |
389,735 |
|
|
$ |
139,255 |
|
Accounts receivable, net of allowance for credit losses of $1,064
and $886, respectively |
|
18,228 |
|
|
|
19,782 |
|
Income taxes receivable |
|
2,618 |
|
|
|
4,691 |
|
Prepaid expenses and other |
|
15,025 |
|
|
|
11,782 |
|
Current assets held for sale |
|
561 |
|
|
|
561 |
|
Total current assets |
|
426,167 |
|
|
|
176,071 |
|
Investments |
|
13,408 |
|
|
|
13,198 |
|
Property, plant and equipment, net |
|
896,208 |
|
|
|
850,337 |
|
Goodwill and intangible assets, net |
|
81,083 |
|
|
|
81,123 |
|
Operating lease right-of-use assets |
|
14,170 |
|
|
|
13,024 |
|
Deferred charges and other assets |
|
14,886 |
|
|
|
11,561 |
|
Non-current assets held for sale |
|
— |
|
|
|
68,915 |
|
Total assets |
$ |
1,445,922 |
|
|
$ |
1,214,229 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
|
Current liabilities: |
|
|
|
Current maturities of long-term debt, net of unamortized loan
fees |
$ |
7,879 |
|
|
$ |
7,095 |
|
Accounts payable |
|
50,281 |
|
|
|
53,546 |
|
Advanced billings and customer deposits |
|
12,267 |
|
|
|
12,394 |
|
Accrued compensation |
|
7,337 |
|
|
|
11,749 |
|
Current operating lease liabilities |
|
2,266 |
|
|
|
2,222 |
|
Accrued liabilities and other |
|
11,003 |
|
|
|
7,747 |
|
Current liabilities held for sale |
|
— |
|
|
|
3,602 |
|
Total current liabilities |
|
91,033 |
|
|
|
98,355 |
|
Long-term debt, less current maturities, net of unamortized loan
fees |
|
290,716 |
|
|
|
292,804 |
|
Other long-term liabilities: |
|
|
|
Deferred income taxes |
|
163,726 |
|
|
|
85,664 |
|
Benefit plan obligations |
|
4,161 |
|
|
|
3,943 |
|
Non-current operating lease liabilities |
|
8,362 |
|
|
|
7,185 |
|
Other liabilities |
|
16,281 |
|
|
|
16,912 |
|
Non-current liabilities held for sale |
|
— |
|
|
|
56,696 |
|
Total other long-term liabilities |
|
192,530 |
|
|
|
170,400 |
|
Commitments and contingencies (Note 13) |
|
|
|
Shareholders’ equity: |
|
|
|
Common stock, no par value, authorized 96,000; 50,447 and 50,272
issued and outstanding at March 31, 2024 and December 31,
2023, respectively |
|
— |
|
|
|
— |
|
Additional paid in capital |
|
69,616 |
|
|
|
66,933 |
|
Retained earnings |
|
798,765 |
|
|
|
584,069 |
|
Accumulated other comprehensive income, net of taxes |
|
3,262 |
|
|
|
1,668 |
|
Total shareholders’ equity |
|
871,643 |
|
|
|
652,670 |
|
Total liabilities and shareholders’ equity |
$ |
1,445,922 |
|
|
$ |
1,214,229 |
|
|
|
|
|
SHENANDOAH TELECOMMUNICATIONS COMPANY AND
SUBSIDIARIES |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS |
(in thousands) |
Three Months EndedMarch 31, |
|
|
2024 |
|
|
|
2023 |
|
Cash flows from operating activities: |
|
|
|
Net income |
$ |
214,696 |
|
|
$ |
2,066 |
|
Income from discontinued operations, net of tax |
|
218,786 |
|
|
|
1,325 |
|
(Loss) income from continuing operations |
|
(4,090 |
) |
|
|
741 |
|
Adjustments to reconcile net income to net cash provided by
operating activities: |
|
|
|
Depreciation and amortization |
|
17,443 |
|
|
|
15,269 |
|
Stock-based compensation expense, net of amount capitalized |
|
3,966 |
|
|
|
3,717 |
|
Deferred income taxes |
|
(1,026 |
) |
|
|
2,083 |
|
Provision for credit losses |
|
756 |
|
|
|
383 |
|
Other, net |
|
(184 |
) |
|
|
214 |
|
Changes in assets and liabilities: |
|
|
|
Accounts receivable |
|
1,726 |
|
|
|
4,488 |
|
Current income taxes |
|
— |
|
|
|
24,676 |
|
Operating lease assets and liabilities, net |
|
75 |
|
|
|
2 |
|
Other assets |
|
(4,495 |
) |
|
|
(904 |
) |
Accounts payable |
|
(38 |
) |
|
|
(837 |
) |
Other deferrals and accruals |
|
(1,218 |
) |
|
|
(4,152 |
) |
Net cash provided by operating activities - continuing
operations |
|
12,915 |
|
|
|
45,680 |
|
Net cash provided by operating activities - discontinued
operations |
|
2,243 |
|
|
|
2,644 |
|
Net cash provided by operating activities |
|
15,158 |
|
|
|
48,324 |
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
Capital expenditures |
|
(70,053 |
) |
|
|
(67,468 |
) |
Government grants received |
|
2,710 |
|
|
|
— |
|
Proceeds from sale of assets and other |
|
— |
|
|
|
101 |
|
Net cash used in investing activities - continuing operations |
|
(67,343 |
) |
|
|
(67,367 |
) |
Net cash provided by (used in) investing activities - discontinued
operations |
|
305,827 |
|
|
|
(203 |
) |
Net cash provided by (used in) investing activities |
|
238,484 |
|
|
|
(67,570 |
) |
|
|
|
|
Cash flows from financing activities: |
|
|
|
Principal payments on long-term debt |
|
(1,312 |
) |
|
|
— |
|
Proceeds from credit facility borrowings |
|
— |
|
|
|
25,000 |
|
Taxes paid for equity award issuances |
|
(1,456 |
) |
|
|
(1,156 |
) |
Payments for financing arrangements and other |
|
(394 |
) |
|
|
(263 |
) |
Net cash (used in) provided by financing activities - continuing
operations |
|
(3,162 |
) |
|
|
23,581 |
|
Net cash provided by financing activities - discontinued
operations |
|
— |
|
|
|
— |
|
Net cash (used in) provided by financing activities |
|
(3,162 |
) |
|
|
23,581 |
|
Net increase in cash and cash equivalents |
|
250,480 |
|
|
|
4,335 |
|
Cash and cash equivalents, beginning of period |
|
139,255 |
|
|
|
44,061 |
|
Cash and cash equivalents, end of period |
$ |
389,735 |
|
|
$ |
48,396 |
|
|
|
|
|
Supplemental Disclosures of Cash Flow
Information |
|
|
|
Interest paid |
$ |
5,262 |
|
|
$ |
1,327 |
|
Income tax refunds received, net |
$ |
— |
|
|
$ |
25,030 |
|
Non-GAAP Financial
MeasuresAdjusted EBITDA and Adjusted EBITDA
Margin
The Company defines Adjusted EBITDA as net
(loss) income from continuing operations calculated in accordance
with GAAP, adjusted for the impact of depreciation and
amortization, impairment, other income (expense), net, interest
income, interest expense, income tax expense (benefit), stock
compensation expense, transaction costs related to acquisition and
disposition events (including professional advisory fees,
integration costs, and related compensatory matters), restructuring
expense, tax on equity award vesting and exercise events, and other
non-comparable items. A reconciliation of net (loss) income from
continuing operations, which is the most directly comparable GAAP
financial measure, to Adjusted EBITDA is provided below herein.
Adjusted EBITDA margin is the Company’s
calculation of Adjusted EBITDA, divided by revenue calculated in
accordance with GAAP.
The Company uses Adjusted EBITDA and Adjusted
EBITDA margin as supplemental measures of performance to evaluate
operating effectiveness and assess its ability to increase revenues
while controlling expense growth and the scalability of the
Company’s business growth strategy. Adjusted EBITDA is also a
significant performance measure used by the Company in its
incentive compensation programs. The Company believes that the
exclusion of the expense and income items eliminated in calculating
Adjusted EBITDA and Adjusted EBITDA margin provides management and
investors a useful measure for period-to-period comparisons of the
Company’s core operating results by excluding items that are not
comparable across reporting periods or that do not otherwise relate
to the Company’s ongoing operations. Accordingly, the Company
believes that Adjusted EBITDA and Adjusted EBITDA margin provide
useful information to investors and others in understanding and
evaluating the Company’s operating results. However, use of
Adjusted EBITDA and Adjusted EBITDA margin as analytical tools has
limitations, and investors and others should not consider them in
isolation or as substitutes for analysis of our financial results
as reported under GAAP. In addition, other companies may calculate
Adjusted EBITDA and Adjusted EBITDA margin or similarly titled
measures differently, which may reduce their usefulness as
comparative measures.
|
|
Three Months EndedMarch 31, |
(in thousands) |
|
|
2024 |
|
|
|
2023 |
|
(Loss) income from continuing operations |
|
$ |
(4,090 |
) |
|
$ |
741 |
|
Depreciation and amortization |
|
|
17,443 |
|
|
|
15,269 |
|
Other expense (income), net |
|
|
2,340 |
|
|
|
(1,117 |
) |
Income tax (benefit) expense |
|
|
(1,026 |
) |
|
|
682 |
|
Stock-based compensation |
|
|
3,966 |
|
|
|
3,717 |
|
Restructuring charges and other |
|
|
618 |
|
|
|
131 |
|
Adjusted EBITDA |
|
$ |
19,251 |
|
|
$ |
19,423 |
|
|
|
|
|
|
Adjusted EBITDA margin |
|
|
28 |
% |
|
|
29 |
% |
Supplemental Information
Operating Statistics
|
March 31,2024 |
|
March 31,2023 |
Homes and businesses passed (1) |
476,081 |
|
|
377,348 |
|
Cable Markets |
216,514 |
|
|
212,290 |
|
Glo Fiber Markets |
259,567 |
|
|
165,058 |
|
|
|
|
|
Residential & Small and Medium Business ("SMB") Revenue
Generating Units ("RGUs"): |
|
|
|
Broadband Data |
155,687 |
|
|
138,713 |
|
Cable Markets |
108,958 |
|
|
109,920 |
|
Glo Fiber Markets |
46,729 |
|
|
28,793 |
|
Video |
40,148 |
|
|
45,660 |
|
Voice |
40,734 |
|
|
40,135 |
|
Total Residential & SMB RGUs (excludes RLEC) |
236,569 |
|
|
224,508 |
|
|
|
|
|
Residential & SMB Penetration (2) |
|
|
|
Broadband Data |
32.7 |
% |
|
36.8 |
% |
Cable Markets |
50.3 |
% |
|
51.8 |
% |
Glo Fiber Markets |
18.0 |
% |
|
17.4 |
% |
Video |
8.4 |
% |
|
12.1 |
% |
Voice |
8.9 |
% |
|
11.2 |
% |
|
|
|
|
Fiber route miles |
10,132 |
|
|
8,663 |
|
Total fiber miles (3) |
883,199 |
|
|
709,123 |
|
______________________________________________________(1) Homes
and businesses are considered passed (“passings”) if we can connect
them to our network without further extending the distribution
system. Passings is an estimate based upon the best available
information. Passings will vary among video, broadband data and
voice services. (2) Penetration is calculated by
dividing the number of users by the number of passings or available
homes, as appropriate. (3) Total fiber miles are
measured by taking the number of fiber strands in a cable and
multiplying that number by the route distance. For example, a
10 mile route with 144 fiber strands would equal 1,440 fiber
miles.
Residential and SMB ARPU |
|
|
|
|
|
|
Three Months EndedMarch 31, |
|
|
|
2024 |
|
|
|
2023 |
|
Residential and SMB Revenue: |
|
|
|
|
Broadband Data |
|
$ |
38,581 |
|
|
$ |
33,174 |
|
Cable Markets |
|
|
27,798 |
|
|
|
27,273 |
|
Glo Fiber Markets |
|
|
10,783 |
|
|
|
5,901 |
|
Video |
|
|
14,394 |
|
|
|
14,645 |
|
Voice |
|
|
3,023 |
|
|
|
3,030 |
|
Discounts, adjustments and other |
|
|
490 |
|
|
|
910 |
|
Total Revenue |
|
$ |
56,488 |
|
|
$ |
51,759 |
|
|
|
|
|
|
Average RGUs: |
|
|
|
|
Broadband Data |
|
|
153,418 |
|
|
|
136,271 |
|
Cable Markets |
|
|
109,255 |
|
|
|
109,758 |
|
Glo Fiber Markets |
|
|
44,163 |
|
|
|
26,513 |
|
Video |
|
|
41,294 |
|
|
|
46,268 |
|
Voice |
|
|
40,690 |
|
|
|
39,992 |
|
|
|
|
|
|
ARPU: (1) |
|
|
|
|
Broadband Data |
|
$ |
83.83 |
|
|
$ |
81.09 |
|
Cable Markets |
|
$ |
84.81 |
|
|
$ |
82.83 |
|
Glo Fiber Markets |
|
$ |
81.39 |
|
|
$ |
74.18 |
|
Video |
|
$ |
116.19 |
|
|
$ |
105.51 |
|
Voice |
|
$ |
24.77 |
|
|
$ |
25.25 |
|
______________________________________________________(1) Average
Revenue Per RGU calculation = (Residential & SMB Revenue) /
average RGUs / 3 months.
Shenandoah Telecommunica... (NASDAQ:SHEN)
過去 株価チャート
から 5 2024 まで 6 2024
Shenandoah Telecommunica... (NASDAQ:SHEN)
過去 株価チャート
から 6 2023 まで 6 2024