WAYNESBORO, Va., June 26, 2013 /PRNewswire/ -- NTELOS Holdings Corp. (NASDAQ: NTLS), a leading regional provider of nationwide wireless voice and data communications and home to the "best value in wireless," today announced it will be added to the Russell Microcap® Index, effective at the close of the market on June 28, 2013.
"We are pleased to be added to the Russell Microcap Index, which is a testament to the steps we have taken in both our retail and wholesale businesses to drive growth and maximize value for all key stakeholders. The Russell indexes are widely followed within the investment community, and we believe our inclusion may bring greater visibility and potentially result in a broader shareholder base," said Jim Hyde, President and Chief Executive Officer for nTelos Wireless.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Russell calculates more than 700,000 benchmarks daily covering approximately 98 percent of the investable market globally, 80 countries and more than 10,000 securities. Approximately $4.1 trillion in assets are benchmarked to the Russell Indexes.
The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. Microcap stocks consist of the smallest 1,000 securities in the small-cap Russell 2000® Index, plus the next 1,000 eligible securities, based on a ranking of all U.S. equities by market capitalization. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.About NTELOSNTELOS Holdings Corp. (NASDAQ: NTLS), operating through its subsidiaries as "nTelos Wireless," is headquartered in Waynesboro, VA, and provides high-speed, dependable nationwide voice and data coverage for approximately 451,000 retail subscribers based in Virginia, West Virginia and portions of Maryland, North Carolina, Pennsylvania, Ohio and Kentucky. The Company's licensed territories have a total population of approximately 7.9 million residents, of which its wireless network covers approximately 6.0 million residents. The Company is also the exclusive wholesale provider of wireless digital PCS services to Sprint Nextel in the Company's western Virginia and West Virginia service area for all Sprint CDMA wireless customers. Investor Relations Contacts: Jeffrey Goldberger / Rob Fink KCSA Strategic CommunicationsP: 212-896-1249 / 212-896-1206Email: email@example.com / firstname.lastname@example.org SOURCE NTELOS Holdings Corp.