Ntelos buys fiber optic lines from Allegheny Energy for $27 million
By APMonday, January 4, 2010
Ntelos buys fiber optic lines from Allegheny
WAYNESBORO, Va. — Ntelos Holdings Corp., a wireless phone service provider, said Monday it has acquired fiber optic assets from Allegheny Energy Inc. for $27 million.
The deal includes 2,200 miles of fiber cables in Pennsylvania and West Virginia, the company said.
Ntelos shares rose 17 cents to $17.98 in afternoon trading. Shares of Allegheny Energy, a power utility based in Greensburg, Pa., fell 13 cents to $23.35.
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