WAYNESBORO, VA – November 4, 2010 – NTELOS Holdings Corp. (NASDAQ:NTLS, news, filings), a leading provider of wireless and wireline communications services (branded as NTELOS) in Virginia, West Virginia and parts of Maryland and Pennsylvania, announced today that the Company has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”).
Upon being declared effective by the SEC, this shelf registration statement will give the Company the flexibility to offer and sell from time to time up to an aggregate of $300 million of its securities, which may consist of common stock, preferred stock, senior debt securities, subordinated debt securities, warrants or units. Each time the Company sells securities under this shelf registration, it will provide a prospectus supplement that will contain specific information about the terms of that offering.
The Company does not have any immediate plans to offer securities under this shelf registration. The filing of the shelf registration is expected to provide the Company with flexibility to take advantage of financing opportunities as needed or deemed desirable in light of market or other conditions.
The Company alone will have authority to sell securities under this shelf registration. The shelf registration may not be used by any current or future NTELOS shareholders to sell securities.
The new shelf registration statement has not yet become effective. The Company may not sell any securities or accept offers to buy securities under this shelf registration until the registration statement filed with the SEC is effective, nor may sales be effected in the absence of a definitive prospectus and a prospectus supplement setting forth the terms and conditions of any specific offering of securities.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
NTELOS Holdings Corp. (NASDAQ: NTLS) is an integrated communications provider with headquarters in Waynesboro, VA. NTELOS provides products and services to customers in Virginia, West Virginia, Pennsylvania, Kentucky, Ohio, Tennessee, Maryland and North Carolina, including nationwide 3G wireless voice and data services, local and long distance telephone, high capacity transport, networking and high-speed Broadband data services and IPTV-based video products. Detailed information about NTELOS is available at www.ntelos.com.
Wesley B. Wampler
Director, Investor Relations