EDINBURG, Va.—Shenandoah Telecommunications Co. said it added 26,000 wireless customers last year, more than doubling its customer base to 49,000 subscribers.
Company revenues increased more than $25 million from 2000 to $54 million last year, with revenues from its personal communications services operations posting $34 million in revenue and its cellular operations adding $20 million. Shenandoah also reported receiving $1.7 million from outside parties for lease of space on its wireless towers last year.
Earnings before interest, taxes, depreciation and amortization for the fourth quarter of last year were $400,000, a slight decrease from the $500,000 the previous quarter, which the company blames on increased sales and marketing activities in the end-of-year buying season. Net losses for its PCS operations also increased from $4.3 million in 2000 to $5.5 million last year.
