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Shentel to acquire Ntelos in a $640M regional deal that doesn’t include towers

In Featured News by Wireless Estimator

Mid-Atlantic regional wireless carrier Shentel announced that it will be acquiring another carrier, Ntelos, in a deal set at $640 million, including net debt. The transaction will double Shentel’s subscriber base, but not its 151 tower count since Ntelos’ 103 towers were sold to Grain Management earlier this year for $41 million. Sprint is heavily involved in the transaction and …