Wednesday, December 08, 2010
NTelos Plans To Split Its Business
WEST VIRGINIA....
A week after nTelos completed its purchase of Charleston-based FiberNet for $169 million, nTelos executives announced Wednesday that nTelos plans to split its business in two, creating separate wireless and telephone landline companies. The company plans to ask the West Virginia Public Service Commission and other state and federal regulatory agencies to approve the proposed split. Earlier this year, nTelos announced plans to spend $40 million to expand high-speed data and fiber optic networks, part of its wireline operations, in West Virginia during the next three years. During Wednesday's conference call, nTelos executives said having wireline and landline operations under one roof creates conflicts, such as where to spend money to make capital improvements.
A week after nTelos completed its purchase of Charleston-based FiberNet for $169 million, nTelos executives announced Wednesday that nTelos plans to split its business in two, creating separate wireless and telephone landline companies. The company plans to ask the West Virginia Public Service Commission and other state and federal regulatory agencies to approve the proposed split. Earlier this year, nTelos announced plans to spend $40 million to expand high-speed data and fiber optic networks, part of its wireline operations, in West Virginia during the next three years. During Wednesday's conference call, nTelos executives said having wireline and landline operations under one roof creates conflicts, such as where to spend money to make capital improvements.
# posted by Homer Owens @ 11:44 PM 
