Shenandoah Telecommunications Company (SHEN)

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A-Rated Tech Stocks to Buy: Shenandoah Telecommunications Company (SHEN)

Shenandoah Telecommunications (SHEN) is a telecom service provider in Virginia, Maryland, West Virginia and central Pennsylvania.

Basically, it has built a solid base in what was once the rural Mid-Atlantic, and now it is growing its list of services to include Internet, cable and wireless.

Now that the U.S. is well connected and broadband speeds continue to grow rapidly, it makes it easier for people to live remotely from their offices and still remain engaged and productive, with more flexible work schedules.

That means these once-rural areas are now seeing an influx of urban and suburban professionals who are opting out of the rat race and crumbling infrastructures in many cities.

A pending merger with wireless carrier Ntelos (NTLS) has cleared all the regulatory hurdles and is awaiting approval in coming weeks. This will allow SHEN to grow its services to its base and strengthen its market position.

Source: Investor Place