Shenandoah Telecommunications 8K 4Q 2011 Earnings Conference Call | SHEN 2 Mar 12

4Q 2011 Earnings Conference Call

March 2, 2012

Exhibit 99.1

Safe Harbor Statement

This presentation includes “forward-looking statements” within the meaning of Section
27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things, our business strategy, our prospects and our
financial position. These statements can be identified by the use of forward-looking
terminology such as “believes,” “estimates,” “expects,” “intends,” “may,” “will,”
“should,” “could,” or “anticipates” or the negative or other variation of these similar
words, or by discussions of strategy or risks and uncertainties. These statements are
based on current expectations of future events. If underlying assumptions prove
inaccurate or unknown risks or uncertainties materialize, actual results could vary
materially from the Company’s expectations and projections. Important factors that
could cause actual results to differ materially from such forward-looking statements
include, without limitation, risks related to the following:

qIncreasing competition in the communications industry; and

qA complex and uncertain regulatory environment.

A further list and description of these risks, uncertainties and other factors can be found
in the Company’s SEC filings which are available online at www.sec.gov,
www.shentel.com or on request from the Company. The Company does not undertake
to update any forward-looking statements as a result of new information or future
events or developments.

Use of Non-GAAP Financial Measures

Included in this presentation are certain non-GAAP financial measures that are not
determined in accordance with US generally accepted accounting principles. These
financial performance measures are not indicative of cash provided or used by operating
activities and exclude the effects of certain operating, capital and financing costs and
may differ from comparable information provided by other companies, and they should
not be considered in isolation, as an alternative to, or more meaningful than measures
of financial performance determined in accordance with US generally accepted
accounting principles. These financial performance measures are commonly used in the
industry and are presented because Shentel believes they provide relevant and useful
information to investors. Shentel utilizes these financial performance measures to
assess its ability to meet future capital expenditure and working capital requirements, to
incur indebtedness if necessary, return investment to shareholders and to fund
continued growth. Shentel also uses these financial performance measures to evaluate
the performance of its businesses and for budget planning purposes.

Chris French

CEO and President

4Q’11 Highlights

q Customer Growth

q Revenue Growth

Revenues reach one-quarter billion

Revenue grew 15% over 4Q’10 to $66.5 million.

q Cash Dividend

52nd consecutive year of annual dividends

Wireless Highlights

PCS Customers (000s)

q Rapid Prepaid Growth
Q4’11 net additions of 8,828;
107,100 prepaid subs at
12/31

q Steady Postpaid growth
Postpaid customers up 6% in
the last year

q Postpaid Churn improves
Annual churn of 1.8%
compared to 1.9% for 2010

q Earnings Improve
Annual operating income up
by $5.0 million over 2010

Cable Highlights

q Cable Upgrades

u Former JetBroadband markets acquired in mid-2010
are approximately 51% complete

u Remainder scheduled for 2012

q RGU Growth

u Total RGU growth of 7% during 2011

u 137,238 RGUs at 12/31/2011

2011 Financial Highlights

Net Income

(in millions)

Net Income from Continuing Operations
(in millions)

Adele Skolits

CFO and VP of Finance

Profitability

Adjusted OIBDA ($ thousands)

Adjusted OIBDA by Segment

Wireless Segment - Change in Adjusted
OIBDA Q4’11 vs. Q4’10

Cable Segment - Change in Adjusted
OIBDA Q4’11 vs. Q4’10

Wireline Segment - Change in Adjusted
OIBDA Q4’11 vs. Q4’10

Earle MacKenzie

EVP and COO

Key Operational Results - Wireless

PCS Postpaid Customers (000s)

Key Operational Results - Wireless

Annual Gross Additions - Postpaid

Annual Net Additions - Postpaid

n 6% YOY postpaid net
growth

n Q4 2011 net adds of
5,072, a 21% increase
over Q4 2010.

n Q4 2011 churn of 1.89%
up from 1.85% in Q4 2010

n 2011 annual churn of
1.78% improved from
1.89% in 2010

Key Operational Results - PCS

Gross Billed Revenue per Postpaid User - Data & Voice 1

1 - Before Service credits, bad debt, Sprint Nextel fees.

PCS Revenues

Annual Gross Billed Revenues - Postpaid ($ millions)

$151.2

$166.2

* The Net Service Fee percentage increased from 8.8% to 12% effective 6/1/2010

Postpaid PCS Customers Top Picks Q4 2011

n Smartphones made up 53% of
the Postpaid base in Q4 2011,
up from 48% in Q3 2011 and
34% in Q4 2010

n Top Service Plans - Gross Adds

u Everything Data Family
1500 - 56%

u Everything 450 - 18%

u Everything Messaging
Family 1500 - 2%

n Top Devices - New Activations
- All Channels

u iPhone 16%

u HTC EVO 4G 10%

u HTC EVO 3D 8%

u LG Optimus S 7%

u Nexus S 6%

iPhone Statistics - Q4’11

n 16% of Q4 Gross Adds

n 36% of iPhones were sold or upgraded in Shentel-
controlled channels

n 3.6% of 12/31/11 Postpaid customers had the iPhone

u 58% iPhone 4S

u 42% iPhone 4

PCS Prepaid Statistics

Gross Additions (000s)

Cumulative Customers

PCS Prepaid Statistics

Churn %

Average Gross Billed Revenue

Cable - RGU Growth by Quarter

Customers 74,178 74,657 73,930 75,131 75,348

RGU's/Customer 1.73 1.75 1.77 1.81 1.82

Key Operational Results - Cable

Note: Video homes passed includes 16K homes located in Shenandoah County, VA, where internet and
voice services are provided by the Wireline segment.

Key Operational Results - Wireline

n Modest access line loss of
3% in past 12 months

n Continued broadband
penetration in LEC area to
53%

n 3% growth in DSL
customers since 12/31/10,
partially offsetting access
line losses, resulting in
total connections of 35.4
thousand, down from 35.6
thousand at 12/31/10

Access lines (000s)

Internet Customers (000s)