Shentel Buying Horizon to Beef Up Fiber Strategy

Shentel is buying Ohio-based fiber network operator Horizon in a $385 million cash and stock deal, the cable operator said Tuesday night. Shentel CEO Christopher French said the Horizon deal lets Shentel accelerate its fiber strategy, doubling the size of its commercial fiber business and creating new opportunities for its Glo Fiber business. Shentel said the deal is expected to close in the first half of 2024, pending regulatory approvals.