Exhibit 99.1

Investor Relations Contacts:

Jeffrey Goldberger / Brad Nelson
KCSA Strategic Communications
P: 212-896-1249 / 212-896-1217
Email: jgoldberger@kcsa.com / bnelson@kcsa.com

NTELOS Holdings Corp. Reports First Quarter 2015 Results

-Quarterly Revenues Up 7% over Prior Year in Western Markets
-Net Adds of 8,000 More than Doubled over Prior Year in Western Markets
-Successfully Completed Spectrum Sale in Eastern Markets


WAYNESBORO, Va. - May 1, 2015
- NTELOS Holdings Corp. (NASDAQ: NTLS) (“nTelos” or the “Company”) announced today operating and financial results for its first quarter ended March 31, 2015.

"The first quarter proved pivotal for us as we posted strong retail results and accomplished a number of key strategic objectives,” said Rod Dir, Chief Executive Officer. “In our Western Markets, we added subscribers at a level not seen in years as customers responded to our strong retail offerings, driving improvements in both churn and gross add results. In addition, we closed the sale of spectrum in our Eastern Markets and completed the sale of most of our remaining owned towers. While we are pleased with our execution so far, we continue to take steps to realign our cost structure, strengthen our retail offerings and expand our LTE network. Moving forward, we are confident these actions will further enhance our competitive position and financial performance.”

Western Markets First Quarter 2015 Financial and Recent Highlights

Western Markets revenues increased 7% to $95.3 million for the first quarter 2015, compared to $89.2 million for the first quarter 2014;

Western Markets Adjusted EBITDA was $27.3 million for the first quarter 2015, compared to $33.3 million for the first quarter 2014. Adjusted EBITDA during the quarter reflected the absorption of corporate overhead previously allocated to the Eastern Markets and, consistent with our amended agreement with Sprint, reduced revenues from the Strategic Network Alliance (“SNA”);

Postpaid churn of 1.7% was the Company’s lowest quarterly churn since second quarter 2013;

Net adds of 8,000 were the Company’s highest quarterly mark since 2007;

Completed the spectrum sale in Eastern Markets for gross proceeds of $56.0 million; and

Completed the sale of 91 Company owned towers for gross proceeds of approximately $39.3 million.

Western Markets Subscriber Update

Total Subscribers

Total subscribers were 290,100 as of March 31, 2015, compared to 282,100 for the fourth quarter 2014 and 277,100 for the first quarter 2014;

Total subscriber gross additions for the first quarter 2015 were 27,500, compared to 28,300 for the fourth quarter 2014 and 25,000 for the first quarter 2014; and

Total subscriber net additions for the first quarter 2015 were 8,000, compared to 5,000 for the fourth quarter 2014 and 3,500 for the first quarter 2014.


1

The following information was filed by Ntelos Holdings Corp. (NTLS) on Friday, May 1, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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