WideOpen Blacksburg Gears Up for Acquisition by Shentel's Glo Fiber
Deal News | Jun 20, 2025 | Globenewswire
Shenandoah Telecommunications Company (Shentel) plans to expand its Glo Fiber service in Blacksburg, Virginia by acquiring the assets and operations of Blacksburg Broadband LLC, known as WideOpen Blacksburg. The acquisition is expected by early to mid-July, and aims to enhance the delivery of fiber broadband services. Glo Fiber, a leading provider of 100% fiber-to-the-home technology, delivers super-fast and symmetrical upload/download speeds of up to 5 Gbps. Shentel, operating a 17,200-mile fiber network, provides comprehensive broadband services across multiple states. This acquisition marks a strategic step to extend Glo Fiber's reach in rural markets.
Sectors
- Telecommunications
- Internet Services
Geography
- United States – Both Shentel and WideOpen Blacksburg operate within the US, and the article specifically references expansion in Virginia.
- Virginia – Virginia is the specific state where the expansion through the acquisition of WideOpen Blacksburg is taking place.
Industry
- Telecommunications – The article involves acquisitions related to fiber broadband and telecommunications infrastructure development.
- Internet Services – The expansion of high-speed internet services through Glo Fiber and the acquisition of WideOpen Blacksburg involves this sector.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Shenandoah Telecommunications Company | Acquirer/Buyer | Company | Shentel is a telecommunications company providing broadband services, including fiber internet. |
WideOpen Blacksburg | Target Company | Company | WideOpen Blacksburg operates as a broadband service under Blacksburg Broadband LLC. |
Dr. Andrew Cohill | President of WideOpen Blacksburg | Person | Oversees operations at WideOpen Blacksburg and is involved in the transition to Glo Fiber. |
Ed McKay | Chief Operating Officer of Shentel | Person | Responsible for overseeing Glo Fiber's operational strategies at Shentel. |