Ownership

Shenandoah Telecommunications Company (Shentel) announced it has entered into a definitive agreement to acquire 100 percent of the equity interests in Horizon Telecom for $385 million. Consideration will consist of $305 million in cash and $80 million of Shentel common stock. Horizon is a leading commercial fiber provider in Ohio and adjacent states serving national wireless providers, carriers, enterprises, and government, education and healthcare customers.

Dish and T-Mobile have resolved their dispute over 800 MHz spectrum, with Dish agreeing to pay $100 million now toward the spectrum, in exchange for an extension to buy the spectrum fully. Dish made an SEC filing on October 19, saying the two companies entered into an amendment to their License Purchase Agreement, extending the date by which Dish may purchase the 800 MHz spectrum to April 1, 2024.

In his new book “Techlash: Who Makes The Rules In The Digital Age?”, former Federal Communications Commission Chairman Tom Wheeler says regulators have failed to rein in Big Tech because they’re using outdated tools. Call it something like “regulatory futurism”—Wheeler is saying now is the time for the government to get innovative by setting up new agencies with wide-reaching powers to determine what is and isn’t in the public’s best interest when it comes to tech.

T-Mobile is hoping to significantly improve the depth and reach of its lowband 5G network. But Dish Network is looking to block that move. A 2019 agreement among Dish, T-Mobile, and the US Department of Justice (DoJ) ultimately paved the way for T-Mobile to close its $26 billion purchase of Sprint.

Bluepeak has been swiftly and steadily expanding its footprint since its owner, private equity firm GI Partners, acquired competitive cable TV provider Vast Broadband in February 2021. At the time of the acquisition, Vast’s cable network passed 150,000 homes in its anchor markets, Sioux Falls and Rapid City (SD).

Consolidated Communications has agreed to be bought for $3.1 billion, including debt, in a take-private deal that will remove the fiber company from the public markets as it grapples with higher interest rates and rising costs. Searchlight Capital Partners, a private-equity firm that already owns more than 34 percent of Consolidated Communications, and British Columbia Investment Management agreed to pay $4.70 a share for the company. The company has faced various challenges as it works to build up its next-generation fiber network.

United Communications CEO William Bradford purchased what was then United Telephone in 2011, a rural phone company founded more than 75 years ago to bring telephone service to unserved rural areas. His first order of business (after changing the name to United Communications) was to upgrade the organization’s infrastructure and start bringing internet services to its footprint of mostly rural customers. Today, United serves 70,000 middle-Tennessee homes with internet service and will reach a total of 80,000 homes by the end of 2023.

One year has passed since Brightspeed became the fifth largest incumbent local exchange carrier (ILEC) in the US, and it’s made some notable progress in its $2 billion multi-year fiber deployment. Most of Brightspeed’s footprint is currently served with copper, but the operator is undertaking fiber builds in 17 states and officially launched fiber service on March 1, 2023.

LICT is best known as a rural broadband consolidator, but several months ago the company quietly added Sound Broadband to its holdings, not through an acquisition, but organically.

I’m mystified when large internet service providers (ISP) and carriers have significant layoffs at a time when they seem to be doing well; it’s a pattern that we’ve seen over and over during the last several decades. The latest big layoff is coming from T-Mobile, which announced in August that it is eliminating 5,000 jobs, about 7 percent of its total workforce.