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CHAIRMAN, PRESIDENT AND CEO, SHENANDOAH TELECOMMUNICATIONS (SHENTEL), EDINBURG
Photo by Mark Rhodes
Photo by Mark Rhodes
CHAIRMAN, PRESIDENT AND CEO, SHENANDOAH TELECOMMUNICATIONS (SHENTEL), EDINBURG
Virginia Business// August 29, 2024//
In April, Shentel completed the acquisition of Horizon Telcom, a commercial fiber provider, for $385 million. The combined company has approximately 15,400 fiber route miles across seven states. Shentel plans to re-brand the Horizon commercial and residential fiber businesses to Glo Fiber.
Earlier this year, Shentel sold its tower portfolio to Vertical Bridge for $310.3 million in cash. The proceeds from the sale will provide additional growth capital to support the planned expansion of the Glo Fiber line to approximately 600,000 homes and business passings by the end of 2026.
French has served as president of the company since 1988, and has been a member and chairman of its board since 1996. A double graduate of the University of Virginia with a bachelor’s degree in electrical engineering and an MBA, he serves on the board of directors for The Virginia Foundation for Community College Education.
