FBR Capital Upgrades NTELOS Holdings (NTLS) to Market Perform; Sees 33% Chance of Takeover

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NTELOS Holding (NTLS) Announces Strategic Refocus; Sees Lower adj.-EBITDA in FY15

December 2, 2014 6:13 AM EST

NTELOS Holding (NASDAQ: NTLS) announced several strategic initiatives to refocus on its Western Markets.

After an extensive review of its operations and in an effort to maximize long-term shareholder value, the Board of Directors of NTELOS has decided to focus the Company's business operations exclusively in its Western Markets (West Virginia and western Virginia), where it has experienced strong operating performance, has a favorable competitive position for its branded retail offering and benefits operationally and financially from its Strategic Network Alliance ("SNA") with Sprint. On May 22, 2014, NTELOS successfully amended and extended its... More