Deal Valued at $16.1 Million
By Mike Farrell -- Multichannel News, 8/7/2008 12:35:00 PM

Shenandoah Telecommunications Co. has agreed to purchase cable systems in Virginia and West Virginia from Rapid Communications for about $16.1 million.

The deal includes about 17,650 subscribers in 50 franchise areas clustered around Covington, Va.; Summersville, W.Va.; and Weston, W. Va.

Denver-based cable investment banker RBC Daniels advised ShenTel on the deal. New York-based cable investment banker Waller Capital Corp. advised Rapid Communications.


ShenTel Buys Rapid Subs - 8/7/2008 12:35:00 PM - Multichannel News