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Shenandoah added 3,838 postpaid customers in Q4.

Shenandoah Telecommunications (SHEN) announced yesterday morning its customer results for Q4. During Q4, 3,838 postpaid customers were added in the Shentel legacy area and 4,805 were added in the former nTelos service area, with over two thirds being phone additions. There were 21,955 gross postpaid additions reported in the Shentel legacy area and 29,487 reported in the former nTelos area.Total Q4 postpaid churn was 1.95%, with the Shentel legacy area churn at 1.79%. The Q$ postpaid port-in versus port-out ratio was 1.24 to 1. The ratio was 1.25 to 1 in the Shentel legacy area and was 1.23 to 1 in the former nTelos area, representing the first quarter since the acquisition with a positive ratio in the former nTelos area.There were 225,822 wireless prepaid Sprint (S) subscribers at December 31, 2017, representing a Q4 increase of 1,213. During Q4, the company added 1,191 net prepaid subscribers in the Shentel legacy area. Prepaid churn was 5.05% in Q4, with Shentel legacy area churn at 4.8%.During the fourth quarter and for the full year 2017, the wireline segment lost, respectively, 73 and 510 voice RGUs, lost 91 and 245 video RGUs and added 60 and 351 High Speed Internet RGUs. Additionally, the company signed approximately $24M in new third-party fiber contracts during 2017.

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Publication:The Fly
Date:Jan 24, 2018
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