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Form 8-K

sec.gov

8-K — SHENANDOAH TELECOMMUNICATIONS CO/VA/

Accession: 0001171843-26-004973

Filed: 2026-07-29

Period: 2026-07-29

CIK: 0000354963

SIC: 4813 (TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE))

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — f8k_072826.htm (Primary)

EX-99.1 — PRESS RELEASE (exh_991.htm)

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8-K — FORM 8-K

8-K (Primary)

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Form 8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 29, 2026

_______________________________

Shenandoah Telecommunications Company

(Exact name of registrant as specified in its charter)

_______________________________

Virginia 000-09881 54-1162807

(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

500 Shentel Way

P.O. Box 459

Edinburg, Virginia 22824

(Address of Principal Executive Offices) (Zip Code)

(540) 984-4141

(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock (No Par Value) SHEN NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 29, 2026, Shenandoah Telecommunications Company (the “Company”) issued a press release announcing its financial position as of June 30, 2026, results of operations for the three and six months ended June 30, 2026, and other related information. The Company also posted supplemental earnings presentation materials on the investor section of the Company’s website at www.Shentel.com. A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.

These materials may contain forward-looking statements about Shenandoah Telecommunications Company regarding, among other things, our business strategy, our prospects and our financial position. These statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “expects,” “intends,” “may,” “will,” “should,” “could,” or “anticipates” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. Shenandoah Telecommunications Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is furnished with this Current Report on Form 8-K.

99.1*   Second Quarter 2026 Earnings Press Release

104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Furnished herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Shenandoah Telecommunications Company

Date: July 29, 2026 By:  /s/ James J. Volk

James J. Volk

Senior Vice President – Chief Financial Officer

(Principal Financial Officer)

EX-99.1 — PRESS RELEASE

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EXHIBIT 99.1

Shenandoah Telecommunications Company Reports Second Quarter 2026 Results

EDINBURG, Va., July 29, 2026 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced second quarter 2026 financial and operating results.

Second Quarter 2026 Highlights

Glo Fiber Expansion Markets revenue grew 32.8% year over year to $26.3 million.

Total revenue increased 5.5% year over year to $93.5 million.

Net loss was $7.7 million compared to $9.0 million in the second quarter of 2025.

Adjusted EBITDA1 grew 12.9% year over year to $32.0 million.

“The second quarter marked several exciting milestones for Shentel. We added our 100,000th Glo Fiber customer and achieved a record 6,200 Glo Fiber net additions,” said Ed McKay, President and CEO. “Our fiber businesses2 continue to build strong momentum, now representing 51% of our total revenue and delivering 21% year-over-year growth during the quarter."

Shentel’s second-quarter earnings conference call will be webcast at 8:30 a.m. ET on Wednesday, July 29, 2026. The webcast and related materials will be available on Shentel’s Investor Relations website at https://investor.shentel.com/.

Second Quarter 2026 Results Compared with Second Quarter 2025

Residential & SMB - Glo Fiber Expansion Markets3 revenue (28.1% of total) increased $6.5 million, or 32.8%, primarily due to a 32.1% increase in data revenue generating units (“RGUs”) driven by the Company’s increase in penetration rates and increase in passings.

Residential & SMB - Incumbent Broadband Markets4 revenue (43.1% of total) decreased $2.6 million, or 6.0%, due to lower video and data revenue. Video revenue declined due to a 14.1% decrease in video RGUs as customers switched to streaming video services. Data revenue declined due to a 2.6% decline in data ARPU, driven in part by our rate card in markets where we face a fixed broadband competitor and in part due to our recently implemented rate card in lower demographic markets experiencing softer demand.

Commercial Fiber revenue (22.9% of total) increased $1.9 million, or 9.8%, due to a combination of recurring revenue in the enterprise and carrier verticals, a non-cash sales-type lease of customer equipment and a negative non-cash deferred revenue adjustment for one of our national wireless carrier customers in the second quarter of 2025

RLEC & Other revenue (5.9% of total) decreased $0.9 million, or 14.7%, primarily due to the decrease in DSL RGUs and to a lesser extent a decrease in government support revenue.

Cost of services increased by $0.1 million, or 0.2% primarily due to increased fleet maintenance and fuel expenses.

Selling, general and administrative expense increased by $1.3 million, or 4.3%. The increase was primarily due to higher operating and property taxes, higher advertising to support RGU growth and higher software maintenance expenses.

Restructuring, integration and acquisition expense decreased by $0.1 million, or 35.0%. The decrease was primarily due to fees incurred in the prior year to amend debt terms.

Depreciation and amortization decreased by $4.5 million, or 12.8%. The decrease was primarily due to a $4.2 million write-off in the prior year related to inventory assets that were no longer planned to be used.

____________________________

1 See “Non-GAAP Financial Measures” below for a reconciliation to the most comparable GAAP measure.

2 Represents Residential/SMB - Glo Fiber Expansion Markets + Commercial Fiber

3 Glo Fiber Expansion Markets consists of fiber to the home (“FTTH”) passings in greenfield expansion markets.

4 Incumbent Broadband Markets consists of incumbent cable markets and incumbent telephone markets with FTTH passings.

Other Information

Capital expenditures were $146.2 million for the six months ended June 30, 2026, compared with $169.4 million for the six months ended June 30, 2025. The $23.2 million decrease in capital expenditures was primarily driven by lower capital expenditures on government grant construction projects in Incumbent Broadband Markets.

The Company received $20.6 million and $17.3 million in government grant cash receipts during the six months ended June 30, 2026 and 2025, respectively.

As of June 30, 2026, the Company’s total available liquidity was $158.9 million, consisting of (i) unrestricted cash and cash equivalents totaling $23.9 million; (ii) restricted cash as required by the ABS Indenture totaling $30.9 million; (iii) $74.8 million of availability under Shentel Broadband’s Revolving Credit Facility; (iv) $1.9 million under Shentel Issuer’s Variable Funding Note (“VFN”); and (v) an aggregate of $27.4 million remaining reimbursements available under government grants, subject to fulfilling the terms of the underlying agreements. In addition, the Company has $105.1 million of VFN commitments that are not available to draw as of June 30, 2026. The available capacity of the VFN will increase based on the secured fiber network revenue growth from the ABS Entities multiplied by (i) a margin as defined in the ABS Indenture and (ii) a 6.25x multiple.

On February 23, 2026, the Company announced a reduction in force of approximately 10% of its employees to align the business with the end of the Glo Fiber construction phase, which is expected to be substantially complete by the end of 2026. Employee departure dates will be staggered with the largest impact in the fourth quarter of 2026. The Company expects to save approximately $12.3 million annually beginning in 2027 with approximately half of the savings impacting operating expenses and half impacting capitalized labor that is included in capital expenditures. The Company expects to incur approximately $3.1 million in restructuring costs to achieve these savings. During the six months ended June 30, 2026, Shentel incurred $2.2 million in severance expense, included in restructuring, integration and acquisition expense in the condensed consolidated statements of operations. The Company made $0.4M of severance payments during this period.

2026 Financial Outlook

The Company reiterates its 2026 financial guidance.

Year Ending December 31, 2026 Year Ended

December 31,

2025

% Change

2025 to 2026

Midpoint

(dollars in millions) Guidance Range

Total Revenue $370 - $377 $ 358 4.4 %

Adjusted EBITDA1 $131 - $136 $ 119 12.1 %

Capital Expenditures, net of government grant reimbursements $220 - $250 $ 296 (20.7 )%

1 Further clarification and explanation of this non-GAAP measure can be found in the “Non-GAAP Financial Measures” section of this release below.

The 2026 financial guidance presented above does not reflect any assumptions regarding the potential impacts of ongoing global geopolitical conflicts or the evolving tariff environment. The Company does not provide a reconciliation for Adjusted EBITDA forecasts (which represent forecasts of a non-GAAP financial measure) because it cannot predict the special items that could arise without unreasonable effort.

Earnings Call Webcast

Date: Wednesday, July 29, 2026

Time: 8:30 a.m. ET

Listen via Internet: https://investor.shentel.com/

For Analysts, please register to dial in at this link.

A replay of the call will be available for a limited time on the Investor Relations page of the Company’s website.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. The Company’s services include: broadband internet, video, voice, high-speed Ethernet, dedicated internet access, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 19,800 route miles of fiber. For more information, please visit www.shentel.com.

This release contains forward-looking statements and projections about Shentel regarding, among other things, its business strategy, its prospects and its financial position. These statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “expects,” “intends,” “may,” “will,” “plans,” “should,” “could,” or “anticipates” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. The forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to Shentel’s beliefs and expectations as to future events and trends affecting its business that are necessarily subject to uncertainties, many of which are outside Shentel’s control. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved, and actual results may differ materially from those contained in or implied by the forward-looking statements as a result of various factors. A discussion of other factors that may cause actual results to differ from management’s projections, forecasts, estimates and expectations is available in Shentel’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Reports on Form 10-Q. Those factors may include, among others, changes in overall economic conditions including ongoing geopolitical conflicts, rising inflation, changes in tariffs, new or changing regulatory requirements, uncertainty arising from U.S. government budgetary, funding, regulatory, administrative, or policy developments changes in technologies, changes in competition, changing demand for our products and services, our ability to execute our business strategies, availability of labor resources and capital, natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, and other conditions. The forward-looking statements included are made only as of the date of the statement. Shentel undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as required by law.

CONTACTS:

Shenandoah Telecommunications Company

Lucas Binder

Vice President of Corporate Finance

540-984-4800

Lucas.Binder@emp.shentel.com

SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)   Three Months Ended

June 30,   Six Months Ended

June 30,

2026       2025       2026       2025

Residential & SMB - Incumbent Broadband Markets1   $ 40,282     $ 42,837     $ 81,425     $ 86,196

Residential & SMB - Glo Fiber Expansion Markets2     26,289       19,796       51,117       38,240

Commercial Fiber     21,386       19,483       41,928       39,095

RLEC & Other     5,505       6,452       11,145       12,935

Service revenue and other     93,462       88,568       185,615       176,466

Operating expenses:

Cost of services, exclusive of depreciation and amortization     32,703       32,624       64,527       65,654

Selling, general and administrative     31,022       29,743       64,409       60,735

Restructuring, integration and acquisition     134       206       2,574       716

Depreciation and amortization     30,619       35,103       65,590       64,561

Total operating expenses     94,478       97,676       197,100       191,666

Operating loss     (1,016 )     (9,108 )     (11,485 )     (15,200 )

Other (expense) income:

Interest expense     (9,696 )     (6,003 )     (19,131 )     (10,895 )

Other income, net     472       3,015       517       3,748

Loss before income taxes     (10,240 )     (12,096 )     (30,099 )     (22,347 )

Income tax benefit     (2,541 )     (3,048 )     (6,649 )     (4,167 )

Net loss     (7,699 )     (9,048 )     (23,450 )     (18,180 )

Dividends on redeemable noncontrolling interest     1,605       1,497       3,182       2,969

Net loss attributable to common shareholders   $ (9,304 )   $ (10,545 )   $ (26,632 )   $ (21,149 )

Net loss per share attributable to common shareholders, basic and diluted:

Net loss per share   $ (0.17 )   $ (0.19 )   $ (0.48 )   $ (0.38 )

Weighted average shares outstanding     55,779       55,103       55,664       55,032

_______________________________________________________

Revenue from residential and small and medium business (“SMB”) customers in Incumbent Broadband Markets is primarily earned through the Company’s provision of data, video and voice services over primarily hybrid fiber coaxial cable and to a lesser extent FTTH networks in incumbent markets.

Revenue from residential and SMB customers in Glo Fiber Expansion Markets is primarily earned through the Company’s provision of data, video and voice services over FTTH networks in new greenfield expansion markets.

SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands) June 30,

2026   December 31,

2025

ASSETS

Current assets:

Cash and cash equivalents $ 23,895   $ 27,259

Restricted cash and cash equivalents   30,899     20,945

Accounts receivable, net of allowance for credit losses of $1,314 and $829, respectively   20,526     31,497

Income taxes receivable   3,444     2,544

Prepaid expenses and other   14,662     15,198

Total current assets   93,426     97,443

Investments   16,312     16,510

Property, plant and equipment, net   1,671,466     1,601,609

Goodwill   67,538     67,538

Intangible assets, net   88,566     89,353

Operating lease right-of-use assets   19,092     19,657

Deferred charges and other assets   18,548     18,652

Total assets $ 1,974,948   $ 1,910,762

LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable $ 58,217   $ 61,355

Advanced billings and customer deposits   18,046     16,909

Accrued compensation   12,750     13,334

Current operating lease liabilities   2,765     2,819

Accrued liabilities and other   17,890     14,079

Total current liabilities   109,668     108,496

Long-term debt, net of unamortized loan fees   715,027     628,237

Other long-term liabilities:

Deferred income taxes   150,969     157,618

Benefit plan obligations   4,428     4,150

Non-current operating lease liabilities   10,140     10,632

Other liabilities   33,090     32,340

Total other long-term liabilities   198,627     204,740

Commitments and contingencies

Temporary equity:

Redeemable noncontrolling interest   91,688     88,506

Shareholders’ equity:

Common stock, no par value, authorized 96,000; 55,364 and 54,899 issued and outstanding at June 30, 2026 and December 31, 2025, respectively   —     —

Additional paid in capital   163,003     157,216

Retained earnings   696,935     723,567

Total shareholders’ equity   859,938     880,783

Total liabilities, temporary equity and shareholders’ equity $ 1,974,948   $ 1,910,762

SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) Six Months Ended

June 30,

2026       2025

Cash flows from operating activities:

Net loss $ (23,450 )   $ (18,180 )

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization   64,769       63,613

Amortization of intangible assets   821       948

Stock-based compensation expense, net of amount capitalized   7,101       5,904

Deferred income taxes   (6,649 )     (4,167 )

Provision for credit losses   886       804

Other, net   2,025       165

Changes in assets and liabilities:

Accounts receivable   224       1,155

Current income taxes   (900 )     217

Operating lease assets and liabilities, net   (79 )     (437 )

Other assets   52       (2,345 )

Accounts payable   236       975

Other deferrals and accruals   3,770       (4,931 )

Net cash provided by operating activities - continuing operations   48,806       43,721

Net cash used in operating activities - discontinued operations   —       (2,251 )

Net cash provided by operating activities   48,806       41,470

Cash flows from investing activities:

Capital expenditures   (146,195 )     (169,432 )

Government grants received   20,618       17,281

Proceeds from sale of assets and other   750       243

Net cash used in investing activities   (124,827 )     (151,908 )

Cash flows from financing activities:

Proceeds from credit facility borrowings   113,000       100,000

Principal payments on long-term debt   (27,000 )     (4,893 )

Payments for debt issuance and amendment costs   (429 )     (430 )

Taxes paid for equity award issuances   (1,804 )     (1,035 )

Payments for financing arrangements and other   (1,156 )     (399 )

Net cash provided by financing activities   82,611       93,243

Net increase (decrease) in cash and cash equivalents   6,590       (17,195 )

Cash, cash equivalents, and restricted cash, beginning of period   48,204       46,272

Cash, cash equivalents, and restricted cash, end of period $ 54,794     $ 29,077

Supplemental Disclosures of Cash Flow Information

Interest paid, net of amounts capitalized $ (18,315 )   $ (9,891 )

Income taxes paid $ (900 )   $ (2,034 )

Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted EBITDA Margin

The Company defines Adjusted EBITDA as (loss) income from operations calculated in accordance with GAAP, adjusted for the impact of depreciation and amortization, impairment expense, other income (expense), net, interest income, interest expense, income tax expense (benefit), stock compensation expense, transaction costs related to acquisition and disposition events (including professional advisory fees, integration costs, and related compensatory matters), restructuring expense, tax on equity award vesting and exercise events, and other non-comparable items. A reconciliation of Net loss, which is the most directly comparable GAAP financial measure, to Adjusted EBITDA is provided below herein.

Adjusted EBITDA margin is the Company’s calculation of Adjusted EBITDA, divided by revenue calculated in accordance with GAAP.

The Company uses Adjusted EBITDA and Adjusted EBITDA margin as supplemental measures of performance to evaluate operating effectiveness and assess its ability to increase revenues while controlling expense growth and the scalability of the Company’s business growth strategy. Adjusted EBITDA is also a significant performance measure used by the Company in its incentive compensation programs. The Company believes that the exclusion of the expense and income items eliminated in calculating Adjusted EBITDA and Adjusted EBITDA margin provides management and investors a useful measure for period-to-period comparisons of the Company’s core operating results by excluding items that are not comparable across reporting periods or that do not otherwise relate to the Company’s ongoing operations. Accordingly, the Company believes that Adjusted EBITDA and Adjusted EBITDA margin provide useful information to investors and others in understanding and evaluating the Company’s operating results. However, use of Adjusted EBITDA and Adjusted EBITDA margin as analytical tools has limitations, and investors and others should not consider them in isolation or as substitutes for analysis of our financial results as reported under GAAP. In addition, other companies may calculate Adjusted EBITDA and Adjusted EBITDA margin or similarly titled measures differently, which may reduce their usefulness as comparative measures.

Three Months Ended

June 30,   Six Months Ended

June 30,

(in thousands)     2026       2025       2026       2025

Net loss   $ (7,699 )   $ (9,048 )   $ (23,450 )   $ (18,180 )

Depreciation and amortization     30,619       35,103       65,590       64,561

Interest expense     9,696       6,003       19,131       10,895

Other income, net     (472 )     (3,015 )     (517 )     (3,748 )

Income tax benefit     (2,541 )     (3,048 )     (6,649 )     (4,167 )

Stock-based compensation     2,303       2,187       7,101       5,904

Restructuring, integration and acquisition     134       206       2,574       716

Adjusted EBITDA   $ 32,040     $ 28,388     $ 63,780     $ 55,981

Adjusted EBITDA margin     34 %     32 %     34 %     32 %

Supplemental Information

Operating Statistics

Three Months Ended

June 30,

2026     2025

Homes and businesses passed (1)

Incumbent Broadband Markets 253,059     244,007

Glo Fiber Expansion Markets 475,677     378,916

Total homes and businesses passed 728,736     622,923

Residential & Small and Medium Business ("SMB") Revenue Generating Units ("RGUs"):

Incumbent Broadband Markets 110,620     111,730

Glo Fiber Expansion Markets 100,155     76,276

Broadband Data 210,775     188,006

Video 34,615     37,626

Voice 27,013     26,129

Total Residential & SMB RGUs (excludes RLEC) 272,403     251,761

Residential & SMB Penetration (2)

Incumbent Broadband Markets 43.7 %   45.8 %

Glo Fiber Expansion Markets 21.1 %   20.1 %

Broadband Data 28.9 %   30.2 %

Video 4.8 %   6.0 %

Voice 3.9 %   4.4 %

Fiber route miles 19,847     17,740

Total fiber miles (3) 2,096,114     1,936,922

______________________________________________________

(1) Homes and businesses are considered passed (“passings”) if we can connect them to our network without further extending the distribution system. Passings is an estimate based upon the best available information. Passings will vary among video, broadband data and voice services.

(2) Penetration is calculated by dividing the number of users by the number of passings or available homes, as appropriate.

(3) Total fiber miles are measured by taking the number of fiber strands in a cable and multiplying that number by the route distance. For example, a 10 mile route with 144 fiber strands would equal 1,440 fiber miles.

Residential & SMB ARPU

Three Months Ended

June 30,   Six Months Ended

June 30,

($ in thousands, except ARPU)     2026     2025     2026     2025

Residential & SMB Revenue:

Incumbent Broadband Markets   $ 26,954   $ 27,850   $ 54,428   $ 55,726

Glo Fiber Expansion Markets     22,313     16,920     43,353     32,684

Broadband Data     49,267     44,770     97,781     88,410

Video     13,711     14,296     27,706     28,954

Voice     2,614     2,557     5,218     5,116

Other     979     1,010     1,837     1,956

Total Residential & SMB Revenue   $ 66,571   $ 62,633   $ 132,542   $ 124,436

Average RGUs:

Incumbent Broadband Markets     111,011     111,779     111,341     111,653

Glo Fiber Expansion Markets     97,134     73,514     93,936     70,691

Broadband Data     208,145     185,293     205,277     182,344

Video     34,528     38,076     34,895     38,666

Voice     26,967     26,082     26,863     25,969

ARPU: (1)

Incumbent Broadband Markets   $ 80.93   $ 83.05   $ 81.47   $ 83.18

Glo Fiber Expansion Markets   $ 76.57   $ 76.72   $ 76.92   $ 77.06

Broadband Data   $ 78.90   $ 80.56   $ 79.39   $ 80.81

Video   $ 132.36   $ 125.15   $ 132.33   $ 124.80

Voice   $ 32.31   $ 32.68   $ 32.37   $ 32.83

______________________________________________________

(1) Average Revenue Per RGU calculation = (Residential & SMB Revenue) / average RGUs / 3 months.

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X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration