UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 18, 2008
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Shenandoah Telecommunications Company
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(Exact name of registrant as specified in its charter)
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Virginia |
0-9881 |
54-1162807 |
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(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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500 Shentel Way P.O. Box 459 Edinburg, VA |
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(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (540) 984-4141
Not applicable
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2-(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On September 18, 2008, the Company issued a press release announcing that it will explore options for the sale of its Converged Services subsidiary. Based upon current plans and information available, the Company does not expect to incur material exit costs as a result of disposing of this subsidiary, and the Company does not anticipate an impairment loss. If circumstances, plans or expectations change, the Company will update this filing. A copy of the press release is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
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(c) |
Exhibits |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
SHENANDOAH TELECOMMUNICATIONS COMPANY
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(Registrant) |
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September 18, 2008 |
/s/ Adele M. Skolits |
Adele M. Skolits
Vice President - Finance and
Chief Financial Officer
(Duly Authorized Officer)
Exhibit 99.1
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NEWS RELEASE |
For further information, please contact Earle A. MacKenzie at 540-984-5192.
SHENANDOAH TELECOMMUNICATIONS COMPANY
TO EXPLORE OPTIONS FOR THE SALE OF CONVERGED SERVICES UNIT
EDINBURG, VA, (September 18, 2008) – Shenandoah Telecommunications Company (Shentel) ( NASDAQ: SHEN) announced that it will explore options for the sale of its Converged Services subsidiary. Converged Services offers video, Internet and voices services to multiple dwelling units, primarily off-campus student housing, throughout the Mid-Atlantic and Southeastern United States. The Company is pursuing the potential disposition of the business in connection with its long-term strategic plan to focus on growing its wireless business as a Sprint PCS Affiliate of Sprint Nextel and expanding its triple play services, including High Definition TV, Video on Demand, and High Speed Internet and Voice, beyond the recently announced cable acquisition it announced on August 6.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company is a holding company that provides a broad range of telecommunications services through its operating subsidiaries. The Company is traded on the NASDAQ Global Select Market under the symbol “SHEN.” The Company’s operating subsidiaries provide local and long distance telephone, Internet and data services, cable television, wireless voice and data services, alarm monitoring, and telecommunications equipment, along with many other associated solutions in the Mid-Atlantic and Southeastern United States.
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