This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

NTELOS Holdings Corp. To Host Conference Call To Discuss Extension Of Strategic Network Alliance With Sprint

Stocks in this article: NTLSS

WAYNESBORO, Va., May 22, 2014 /PRNewswire/ -- NTELOS Holdings Corp. (the "Company," NASDAQ: NTLS), a leading regional provider of nationwide wireless voice and data communications and home to the "best value in wireless," announced it will host a conference call today, May 22, 2014, at 8:00 a.m. ET to discuss the extension of the Strategic Network Alliance ("SNA") with Sprint Corporation ("Sprint," NYSE: S).

As disclosed in a joint press release issued this morning and on Form 8-K filed with the Securities and Exchange Commission, the amended and restated resale agreement has been extended to December 31, 2022. The agreement calls for NTELOS Inc. ("nTelos") to remain the exclusive wholesale network services provider for Sprint in the SNA territory and expands the relationship to include access to the Company's recently launched 4G LTE network. In addition, nTelos retail customers will have access to Sprint's nationwide 4G LTE network outside the Company's footprint.

"We are excited to continue our long-standing relationship with Sprint," said James A. Hyde, CEO of NTELOS Holdings Corp. "Today's announcement marks a monumental step that will shape nTelos's future and lays the foundation for our strategy of unlocking value and accelerating growth. By investing in our network, nTelos is well-positioned to continue growing our retail business and maximizing the revenue potential of our wholesale relationships. We are pleased with the terms of the agreement, which we believe are mutually beneficial to all stakeholders. We are equally confident nTelos and Sprint will emerge with a best-in-class, state-of-the-art network, which will allow both companies to compete more effectively in a dynamic wireless environment."

nTelos has committed to enhance its 4G LTE network in the SNA territory to specifications aligned with Sprint's network modernization program. nTelos will have access to Sprint's 800 MHz, 1.9 GHz and 2.5 GHz spectrum in the SNA territory to meet the growing demand for voice and data services among its retail and wholesale customers, improve the quality of its coverage and enhance overall customer satisfaction.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs