secwatch.observer — SEC 8-K summary
======================================

Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001171843-24-000873
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shentel reports 2023 net income $8.0M, rev $287.4M (+7.5%); Glo Fiber customers +71.7%
--------------------------------------------------------------------------------

- Consolidated net income $8.0M vs net loss $8.4M in 2022; revenue $287.4M (+7.5%).
- Glo Fiber data customers grew 71.7% to ~42,000; passings up 58.6% to ~234,000; revenue $35.1M (+91.9%).
- Broadband Adjusted EBITDA $105.8M (+17.6%); consolidated Adjusted EBITDA $90.6M (+19.3%).
- Tower segment flat: 219 macro towers, 453 tenants; revenue $18.6M (-1.5%).
- Announced agreement in Oct 2023 to acquire 100% of Horizon Acquisition Parent LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184324000873/0001171843-24-000873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184324000873/f8k_022024.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000873

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer