Vertical Bridge Holdco, LLC entered into a Purchase and Sale Agreement to acquire Tower portfolio and operations of Shenandoah Telecommunications Company for approximately $310 million.

Shenandoah Telecommunications Company provides broadband services through its high speed, fiber-optic and cable networks to customers in the Mid-Atlantic United States. The Company’s services include broadband Internet, video, voice, and fiber-optic Ethernet, wavelength and leasing. The Company's Broadband segment provides broadband Internet, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, through fiber optics under the brand name of Glo Fiber and hybrid fiber coaxial cable under the brand name of Shentel. The Broadband segment also leases dark fiber and provides ethernet and wavelength fiber optic services to enterprise and wholesale customers throughout the entirety of its service area under the brand name of Glo Fiber Business. The Broadband segment also provides voice and digital subscriber line (DSL) telephone services to customers in Virginia’s Shenandoah County.