Shentel Buying Horizon to Beef Up Fiber Strategy
Shentel is buying Ohio-based fiber network operator Horizon in a $385 million cash and stock deal, the cable operator said Tuesday night. Shentel CEO Christopher French said the Horizon deal lets Shentel accelerate its fiber strategy, doubling the size of…
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its commercial fiber business and creating new opportunities for its Glo Fiber business. Shentel said the deal is expected to close in the first half of 2024, pending regulatory approvals.