T-Mobile Exercises Option to Buy Shentel
T-Mobile exercised an option to buy Virginia’s Shenandoah Personal Communications, subject to a dispute on the purchase price, T-Mobile said in a filing at the SEC. The dispute “involves the appraisal framework used to value Shentel,” New Street’s Jonathan Chaplin…
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told investors Thursday. “Assuming the dispute finds a timely resolution, it clears a minor roadblock on the path to unlocking value at New T-Mobile,” he said. Shenandoah parent Shentel has more than 1 million wireless customers and was affiliated with Sprint starting in 1995. Shentel didn’t comment.