Acquiring Company
Shentel
Acquired Company
Horizon Telcom
VirginiaColumbusHardwareInternetSatellite CommunicationVoipCall CenterHardwareWirelessDescription
Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced today it has entered into a definitive agreement to acquire 100% of the equity interests in Horizon Acquisition Parent LLC (“Horizon” or “Horizon Telcom”) for $385 million (the “Transaction”). Consideration will consist of $305 million in cash and $80 million of Shentel common stock.
Quick answer
Shentel is acquiring Horizon Telcom, announced October 25, 2023. Shentel is based in Virginia, United States.
- How much did Shentel pay for Horizon Telcom?
- The deal value was not disclosed.
- What does Shentel do?
- Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art cable and fiber optic networks to customers in the Mid-Atlantic United States.
- Where are Shentel and Horizon Telcom based?
- Shentel is based in Virginia, United States. Horizon Telcom is based in Columbus, Mississippi, United States.
Source: Fundz verified event record.
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Who to call at Shentel, and when
When Shentel changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Horizon Telcom?
Horizon Telcom was acquired by Shentel, based in Virginia. The deal was reported on October 25, 2023. Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art cable and fiber optic networks to customers in the Mid-Atlantic United States. Shentel is publicly traded (SHEN) and operates in Hardware.
When did Shentel acquire Horizon Telcom?
Shentel's acquisition of Horizon Telcom was reported on October 25, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Horizon Telcom do?
Horizon is a facilities-based fiber-optic broadband service provider based in Ohio and Indiana with expanding services across the Midwest. It is privately held, operating in Hardware, and is based in Columbus.
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