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Ntelos shifts focus west and shares crumble

December 03, 2014

WAYNESBORO, Va.— Ntelos will exit eastern portions of Virginia to focus on the western half of the state and also West Virginia, where the regional cell phone company has a stronger base. The retreat, as well as a disappointing outlook, prompted a sell-off on Wall Street and shares of Ntelos plunged 40 percent in afternoon trading Tuesday. Ntelos is selling its 1900...

Source: http://www.cnbc.com/id/102231059
 
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