NEW YORK, August 5, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on NTELOS Holdings Corp. (NASDAQ: NTLS). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=NTLS

Highlights from our NTLS Report include: 


        
        - Snapshot of the Figures - On July 28, 2015, NTELOS Holdings Corp. announced its
          operating and financial results for its Q2 FY15. The Company reported revenues of
          $91.4 million for the quarter as compared to $86.1 million for Q2 FY 14, thereby
          registering a growth of 6% on a y-o-y basis. Adjusted EBITDA for Q2 FY 15 was $27.5
          million versus $33.3 million the Company had reported in the second quarter of 2014.
          Net income attributable to NTELOS Holdings was $1.6 million for Q2 FY15 as against
          $0.5 million in Q2 FY14, and on a per share basis the earnings were 7 cents for this
          quarter vis-a-vis 2 cents for the same quarter in the previous year.  



        
        - LTE network expansion - During the Company's Q2 2015 earnings conference call, CEO
        - Rod Dir informed that NTELOS Holdings' LTE footprint currently covers 1.6 million
          potential subscribers or about 53% of covered POPs, which exceeds the initial goal set
          by the Company of  achieving 50% coverage by end of calendar 2015. Rod Dir mentioned
          that the Company's LTE expansion has been particularly fruitful on its prepay business
          on the back of LTE expansion. The Company had introduced LTE for prepaid in the last
          quarter and with a shift in its pricing strategy, the Company saw net add growth and
          lower churn in this part of its retail business.



        
        - Subscriber Base Updates - The Company's total subscriber base stood at 297,000 as
          at June 30, 2015 as compared to 290,100 during the first quarter of 2015 and 274,000
          for Q2 FY 2014. Postpay subscribers totaled 229,000 and gross additions for the second
          quarter 2015 were 14,300. The ARPA figure for Q2 FY15 was $117.18 as against $136.61
          reported for Q2 FY14. Total prepay subscriber base stood at 68,500 with gross
          additions of 11,400 for Q2 FY15.



        
        - Business Outlook - For the year ending December 31, 2015, the Company has
          reiterated its full year 2015 Adjusted EBITDA guidance to range between $100.0 million
          and $108.0 million. According to the Company, this range includes $9 to $12 million of
          cost savings expected to be realized from the corporate overhead previously allocated
          to the eastern markets. For the full year 2015, capital expenditures are still
          expected of between $95.0 and $105.0 million with a vast majority to be again tied to
          LTE network expansion of the Company.

To find out how this influences our rating on NTELOS Holdings Corp. read the full report in its entirety here: http://www.aciassociation.com/?c=NTLS

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