Shentel Up 6,000 Fiber Subs, Seeing Some Starlink Competition
Cable One stock tumbled after an ARPU dip.
WASHINGTON, May 1, 2026 – Shenandoah Telecommunications Co. (Shentel) added about 6,000 fiber subscribers in the first quarter of 2026, the company announced Friday.
The company is aiming to complete its fiber expansion in 2026 and closing in on its target of 510,000 fiber passings in the Mid-Atlantic. Shentel added about 22,000 fiber passings in the quarter for a total of 449,000.
Shentel CEO Ed McKay said on the company’s earrings call that the ISP is expecting fiber penetration rates of about 37 percent once they’ve been in a market for five to seven years. He said markets Shentel launched in 2019 and 2020 have hit an average of 37.5 percent.
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