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 Third Quarter 2015 Results

- Total Subscribers Up 8% over Prior Year in Western Markets



WAYNESBORO, Va. - October 28, 2015
- NTELOS Holdings Corp. (NASDAQ: NTLS) (“nTelos” or the “Company”) announced today operating and financial results for its third quarter ended September 30, 2015.

On August 10, 2015, the Company entered into a definitive agreement to be acquired by Shenandoah Telecommunications Company ("Shentel"; NASDAQ: SHEN) for $9.25 in cash per share. A vote to approve the merger will be held at the Company's Annual Meeting of Stockholders on November 11, 2015. The proposed acquisition by Shentel is expected to close in early 2016 subject to customary closing conditions. In addition to stockholder approval, the transaction must be approved by certain federal and state regulatory agencies. On September 22, 2015, the Company received notification from the Federal Trade Commission of the early termination of the applicable waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Additionally, the Company expects that the public notice period mandated by the Federal Communications Commission ("FCC") will commence shortly and that the FCC's review of the proposed transaction will be completed by early 2016. The Company has received all necessary state regulatory approvals. For additional information regarding the transaction and the necessary regulatory approvals required in connection with the proposed merger, please see the Company's filings with the Securities and Exchange Commission ("SEC"), including the definitive proxy statement filed with the SEC on October 13, 2015. 
The "Highlights" and "Subscriber Update" sections represent results of operations for the Company's Western Markets, which are included in the supplemental schedules provided.
Highlights
Revenues increased slightly to $88.3 million for the third quarter 2015, compared to $88.2 million for the third quarter 2014;
Adjusted EBITDA was $23.1 million for the third quarter 2015, compared to $32.9 million for the third quarter 2014. Adjusted EBITDA during the third quarter 2015 reflected lower wholesale revenue and the absorption of corporate overhead previously allocated to the Eastern Markets in 2014;
Net subscriber additions for the nine months ended September 30, 2015 of 18,100 exceeded net subscriber additions for the full year 2014 of 14,600; and
Approximately 65% of covered POPs have access to our LTE network, exceeding the original year end 2015 goal of 50%. 
Subscriber Update
Total Subscribers
Total subscribers were 300,200 as of September 30, 2015, compared to 297,500 for the second quarter 2015 and 277,100 for the third quarter 2014;
Total subscriber gross additions for the third quarter 2015 were 25,500, compared to 25,700 for the second quarter 2015 and 24,600 for the third quarter 2014; and
Total subscriber net additions for the third quarter 2015 were 2,700, compared to 7,400 for the second quarter 2015 and 3,100 for the third quarter 2014.
Postpay Subscribers
Postpay subscriber gross additions for the third quarter 2015 were 15,400, compared to 14,300 for the second quarter 2015 and 15,500 for the third quarter 2014; 

1

The following information was filed by Ntelos Holdings Corp. (NTLS) on Wednesday, October 28, 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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