Shenandoah Telecommunications Company Announces Reporting Segment Changes

EDINBURG, Va., Feb. 18, 2020 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (“Shentel” or “Company”) (NASDAQ:SHEN) announces reporting segment changes which align with how the Company’s CEO and chief operating decision maker (“CODM”) allocates resources and evaluates operating performance. These changes follow an organizational shift during 2019 from a business line to a functional structure, better delineate between key products, and better enable peer comparisons by both the Company’s CODM and investors.

As summarized below, Shentel’s Tower segment will be separated from its legacy Wireless segment, while the legacy Cable and Wireline segments will be combined into a new Broadband segment.