About Shentel
Shentel is a company based in Luray (United States) founded in 1902 was acquired by Jet Broadband in April 2010.. The company has 1,090 employees as of December 31, 2024. Shentel has completed 4 acquisitions, including Bigsandybb.net, Horizon Connects and NTC Communications. Shentel operates in a competitive market with competitors including Jio, MTN, Airtel, Proximus Group and Optus, among others.
- Headquarter Luray, United States
- Employees 1090 as on 31 Dec, 2024
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Shenandoah Telecommunications Co
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Annual Revenue
$328.06 M21.9as on Dec 31, 2024
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Net Profit
$-29.83 M-471.1as on Dec 31, 2024
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EBITDA
$84.75 M22.87as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
1090
as on Dec 31, 2024
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Investments & Acquisitions
Bigsandybb.net
& 3 more
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Acquired by
Jet Broadband
(Apr 16, 2010)
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IPO & Listings of Shentel
Shentel is a publicly listed company on the NASDAQ with ticker symbol SHEN in USA, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
12 people
Finance and Accounting
11 people
Sales and Marketing
10 people
Software Development Team
9 people
Human Resources and Administration
7 people
Product Management Team
2 people
Senior Team
2 people
Employee Team
1 people
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Funding Insights of Shentel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shentel
Shentel has secured backing from 1 investor. Prominent investors backing the company include Jet Broadband. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shentel
Shentel has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Bigsandybb.net, Horizon Connects and NTC Communications. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Broadband and internet services are provided in the United States.
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2007 | ||||
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Business communication and TV services provider
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1998 | ||||
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Wireless telecom services are operated across several US states.
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1897 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Shentel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shentel Comparisons
Competitors of Shentel
Shentel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jio, MTN, Airtel, Proximus Group and Optus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Telephony, internet, television, and network-based ICT services are provided.
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| domain | founded_year | HQ Location |
Mobile internet, TV, and telecommunication services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shentel
Frequently Asked Questions about Shentel
When was Shentel founded?
Shentel was founded in 1902.
Where is Shentel located?
Shentel is headquartered in Luray, United States. It is registered at Luray, Virginia, United States.
Who is the current CEO of Shentel?
Chris French is the current CEO of Shentel.
How many employees does Shentel have?
As of Dec 31, 2024, the latest employee count at Shentel is 1,090.
What is the annual revenue of Shentel?
Annual revenue of Shentel is $328.06M as on Dec 31, 2024.
What does Shentel do?
Shenandoah Telecommunications Company (Shentel) was founded in 1902 and operates in the telecommunications sector. Services such as wireless voice and datavia partnerships with Sprint and its own networkfixed-line broadband internet through fiber-optic and ADSL, fixed-line telephone, and digital TV are delivered to residential and business customers in Virginia, West Virginia, and Maryland. The nTelos Wireless acquisition was completed in 2015 to bolster the Sprint partnership and expand wireless capabilities.
Who are the top competitors of Shentel?
Shentel's top competitors include MTN, Proximus Group and AT&T.
Is Shentel publicly traded?
Yes, Shentel is publicly traded on NASDAQ under the ticker symbol SHEN.
How many acquisitions has Shentel made?
Shentel has made 4 acquisitions, including Bigsandybb.net, Horizon Connects, and NTC Communications.
Who are Shentel's investors?
Shentel has 1 investor. Key investors include Jet Broadband.
What is Shentel's ticker symbol?
The ticker symbol of Shentel is SHEN on NASDAQ.