This management's discussion and analysis includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this report, the words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions as they relate to
Shenandoah Telecommunications Companyor its management are intended to identify these forward-looking statements. All statements regarding Shenandoah Telecommunications Company'sexpected future financial position and operating results, business strategy, financing plans, forecasted trends relating to the markets in which Shenandoah Telecommunications Companyoperates and similar matters are forward-looking statements. We cannot assure you that the Company's expectations expressed or implied in these forward-looking statements will turn out to be correct. The Company's actual results could be materially different from its expectations because of various factors, including those discussed below and under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for its fiscal year ended December 31, 2012. The following management's discussion and analysis should be read in conjunction with the Company's Annual Report on Form 10-K for its fiscal year ended December 31, 2012, including the financial statements and related notes included therein. General Overview. Shenandoah Telecommunications Companyis a diversified telecommunications company providing both regulated and unregulated telecommunications services through its wholly-owned subsidiaries. These subsidiaries provide wireless personal communications services (as a Sprint PCS Affiliate), local exchange telephone services, video, internet and data services, long distance, fiber optics facilities, and leased tower facilities. The Company has the following three reportable segments, which it operates and manages as strategic business units organized by lines of business:
* The Wireless segment provides digital wireless service to a portion of a
four-state area covering the region from
segment also owns cell site towers built on leased land, and leases space on
these towers to both affiliates and non-affiliated service providers.
* The Cable segment provides video, internet and voice services in franchise
areas in portions of
fiber optic facilities throughout its service area.
* The Wireline segment provides regulated and unregulated voice services, DSL
internet access, and long-distance access services throughout