NTelos Shareholders OK Sale to Shenandoah PC and Related SprintCom Deal
NTelos shareholders OK'd its proposed sale to Shenandoah Personal Communications and the associated license deal with SprintCom, nTelos and Shenandoah told the FCC in a letter posted Friday in docket 15-262. They said the Rural Utilities Service approved nTelos' request…
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to assign its Broadband Initiatives Program grant to Shenandoah Telecommunications Co., Shenandoah PC's parent. The Department of Justice previously gave the proposed nTelos transaction antitrust clearance, and all state regulatory approvals have been received, said the companies. FCC approval of nTelos communications license transfers to Shenandoah PC and SprintCom is the only remaining federal or state action needed, they said. FCC approval isn't expected to be problematic and Shentel said in August it expects the deal to close by early 2016 (see 1508110067).