NTELOS Holding (NTLS) to Eliminate Dividend

In addition to announcing an amended network agreement with Sprint (NYSE: S), NTELOS Holding (NASDAQ: NTLS) also announced today that its board of directors, in order to support the Company’s LTE network expansion and wholesale and retail growth initiatives, approved eliminating the Company’s quarterly cash dividend, after it pays the previously-declared $0.42 per share dividend on July 11, 2014 to stockholders of record on June 13, 2014.

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