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"The proceeds from the sale of our Tower business will provide Shentel with additional growth capital to support the planned expansion of our Glo Fiber line of business to approximately 600,000 homes and business passings by the end of 2026.
After factoring in estimated closing adjustments and new non-recourse project-level debt, the Company expects its total long-term corporate capital commitment to acquire the project to be approximately $70-75 million, which the Company expects to fund with existing sources of liquidity.
Key Takeaways: M&A conditions favor sellers, with record private equity capital, active strategic buyers, and favorable interest rates following recent Fed cuts to 4.25-4.50% Without congressional intervention, the TCJA estate tax exemption will be cut in half on January 1, 2026.
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