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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
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MAY 25, 2004
Date of Report
(Date of earliest event reported)
Shenandoah Telecommunications Company
(Exact name of registrant as specified in its charter)
Virginia 0-9881 54-1162807
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification Number)
P.O. Box 459
Edinburg, VA 22824
(Address of principal executive office) (Zip code)
Registrant's telephone number, including area code: (540) 984-4141
Item 5.
The information contained in this report on Form 8-K is being furnished pursuant
to Item 5 as directed by the Securities and Exchange Commission in Release No.
34-47583 and shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to the liabilities of that
Section.
NEWS RELEASE
For further information, please contact Earle A. MacKenzie at 540-984-5192
SHENANDOAH TELECOMMUNICATIONS COMPANY AMENDS SPRINT
AFFILIATE AGREEMENTS
Edinburg, VA (May 25, 2004) - Shenandoah Telecommunications Company (Shentel;
NASDAQ: SHEN) and its wireless subsidiary, Shenandoah Personal Communications
Company, a PCS Affiliate of Sprint (NYSE: FON), announced the signing of an
addendum to its management and services agreements with Sprint. The addendum
provides Sprint with more flexibility in the negotiation of nationwide reseller
agreements on the Sprint Nationwide Network and in return, provides Shentel a
further reduction in charges from Sprint for back office services.
The addendum is a modification of the addendum signed by Shentel and Sprint on
January 30, 2004. Under the terms of the addendum, Shentel has agreed to
participate in all new and renewed reseller agreements signed through December
31, 2006. Additionally, Shentel signed a letter of agreement to participate in
all existing Sprint reseller arrangements applicable to Shentel's Service area.
In return, Shentel will receive a reduction in the monthly fee per subscriber
paid to Sprint through December 2006 for back office services such as billing,
customer care, collections and certain network services. The reduction per
subscriber per month is $0.45 in 2004, $0.70 in 2005 and $0.95 in 2006.
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 National Market under the symbol "SHEN." The
Company's operating subsidiaries provide local telephone, cable television,
internet access, interexchange facilities, and PCS services, along with other
associated services, to the four-state region from Harrisonburg, Virginia to
Harrisburg and Altoona, Pennsylvania.
* * * * *
This release contains forward-looking statements that are subject to various
risks and uncertainties. The Company's actual results could differ materially
from those anticipated in these forward-looking statements as a result of
unforeseen factors. A discussion of factors that may cause actual results to
differ from management's projections, forecasts, estimates and expectations is
available in the Company filings with the SEC, including the Company's Annual
Report on Form 10-K filed with the SEC on March 9, 2004. Those factors may
include changes in general economic conditions, increases in costs and other
competitive factors.
SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARY
COMPANIES
SIGNATURES
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
(Registrant)
May 26, 2004 /S/ EARLE A. MACKENZIE
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Earle A. MacKenzie
Chief Financial Officer