Good morning, everyone. Welcome to Shenandoah Telecommunications third quarter 2023 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Kirk Andrews, Director of Financial Planning and Analysis for Shentel. Good morning, and thank you for joining us. The purpose of today's call is to review Shentel's results for the third quarter, 2023. Our results were announced in a press release distributed this morning, and the presentation we'll be reviewing is included on the investor page at our website, www.shentel.com. Please note that an audio replay of this call will be made available later today. The details are set forth in the press release announcing this call. With us on the call today are Chris French, President and Chief Executive Officer, Ed McKay, Executive Vice President and Chief Operating Officer, and Jim Volk, Senior Vice President of Finance and CFO. After our prepared remarks, we will conduct a question-and-answer session. As always, let me refer you to slide two of the presentation, which contains our safe harbor disclaimer, and remind you that this conference call may include forward-looking statements subject to certain risks and uncertainties. These may cause our actual results to differ materially from the statements. Therefore, we have provided a detailed discussion of various risk factors in our SEC filings, which you are encouraged to review. You're cautioned not to place undue reliance on these forward-looking statements. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements. With that, I'll now turn the call over to Chris. Go ahead, Chris. Thanks, Kirk. We appreciate everyone joining us this morning and hope everyone is well. Today, we're planning to discuss our third quarter financial and operating results, excluding the results and impact of the Horizon Telcom transaction we announced last week, unless expressly noted. Our respective teams are very excited about this transformative combination and have already started work on obtaining the necessary approvals and doing early stage planning for the upcoming integration. We will have more to share in future earnings call. I'll now turn to the highlights of our third quarter results. We continue to make solid progress in executing our Glo Fiber growth plan. As noted on slide four, we added almost 20,000 new Glo Fiber passings in the third quarter. We increased passings 55% year-over-year and crossed the 200,000 milestone during the quarter. Our Glo Fiber passings are now almost the size of our cable market passings. As we approach our fourth quarter of launching our first Glo Fiber market in November, we will have doubled the size of our broadband business in terms of passing. With the Horizon Telcom acquisition expected to close in 2024 and accelerated construction anticipated across all of our markets, we expect to double the broadband passings again by the end of 2026. Moving to slide five, our sales team added over 4,500 Glo Fiber data subscribers in the third quarter and has grown the Glo Fiber customer base by 77% over the past year. Similar to the high growth in broadband passings, we've grown total broadband data subscribers by 78% since the third quarter of 2019. Our track record over the past 4 years provides confidence for us to grow our broadband data subscriber base at similar growth rates in the next 3-4 years as we expand our Glo Fiber network. As reflected in slide six, the growth in broadband data subscribers has driven a steady expansion of our consolidated Adjusted EBITDA margin year-over-year since 2019, when we launched Glo Fiber. The key catalysts for the margin improvement are the combination of extremely scalable fiber networks, which are driving incremental high-speed data gross margins of more than 80%, and our ability to gain scale in our selling general and administrative expenses. We expect margins to continue to expand as we execute our Glo Fiber growth plan and close on our acquisition of Horizon. With that, I'll now turn the call over to Jim to review the details of our financial results. Thank you, Chris, and good morning, everyone. I will start with our broadband financial results for the third quarter of 2023 on slide eight. Broadband revenue grew $5.1 million, or 8.1% to $67.4 million. Glo Fiber revenue was the primary catalyst, growing $4.4 million, or 90% from the prior year period, with strong customer growth and a 5.8% increase in data subscriber ARPU. Cable market revenues, excluding the impact of our discontinued Beam service, grew $300,000 or 0.7%, due primarily to a 1% growth in data subscriber ARPU. Commercial fiber revenue grew $900,000 or 9.4% to $10.4 million, due to $500,000 in recurring revenue from circuit growth and $400,000 in non-recurring early termination fees related to backhaul disconnects in the quarter. As previously announced, T-Mobile is planning to shut down portions of the former Sprint network and disconnected 71 backhaul circuits during the third quarter. We expect approximately 80 additional backhaul disconnects as part of this network rationalization. Broadband Adjusted EBITDA grew 19.4% to $26.6 million in the third quarter when compared to the same period in 2022 due to revenue growth of $5.1 million, partially offset by $700,000 in higher advertising expenses to support the Glo Fiber expansion. As Chris mentioned earlier, we continue to see the benefits of operating leverage of our Glo Fiber business, as broadband cost of service increased only $100,000, despite adding 15,000 customers over the past 12 months. On slide 9, tower segment revenue was in line with the same period, 2022. We have not recognized any churn from T-Mobile year to date, though we have received notices that they plan to terminate 53 leases as part of the previously announced decommissioning of the former Sprint network. The pay and walk agreement with T-Mobile, that allow T-Mobile to terminate leases with only a $10,000 termination fee, ended on September first. These 53 leases will continue to generate rental revenue until all required equipment is removed from the leased property and an inspection notice is issued. We expect the rental revenues could continue for up to 2 more years for a portion of these leases. Most of the remaining T-Mobile tower leases have an initial term ending in 2029, with optional lease extensions to 2049. Tower Adjusted EBITDA declined $400,000, due primarily to the accounting associated with the transfer of a cable-only tower to the broadband segment and termination of the related intercompany ground lease. Moving to slide 10. Consolidated revenue grew 7.3% to $71.8 million in the third quarter due to the growth in broadband. Consolidated Adjusted EBITDA grew 20.5% to $22.9 million, also due to growth in broadband. We have $286 million of liquidity as of September 30, as displayed on slide 11. This liquidity position does not include the incremental committed financings related to the Horizon transaction. Negative free cash flow for the first nine months of 2023 was $23 million more than prior year, due primarily to increased investments in expanding Glo Fiber and government-subsidized construction to unserved homes, partially offset by $29 million in income tax and sales tax refunds received in 2023. Please also note, we received $17 million in proceeds from the closing of the 2.5 GHz spectrum sale in July. That is reported separately from capital expenditures in the cash flow from investing activities. As reflected on slide 12, our outstanding debt was $150 million as of September 30th. We have no significant debt maturities until 2026. We expect to draw the remaining $150 million of delayed draw term loans in the fourth quarter for the terms of our credit agreement. Now I'll turn the call over to Ed. Thank you, Jim, and good morning. I'll start on slide 14 with an update on our rapidly expanding integrated broadband network that now consists of over 9,300 route miles of fiber. In the third quarter, we launched 2 new Glo Fiber markets in Hanover County, Virginia, and Greencastle, Pennsylvania, and we now offer Glo Fiber multi-gigabit service in 21 markets, with engineering and construction underway in 4 additional markets. We also added 5 new franchise agreements in the third quarter to bring Glo Fiber to over 40,000 additional homes and businesses, including the city of Lancaster and additional boroughs and townships adjacent to our existing markets in Pennsylvania. Turning to slide 15, our total number of approved Glo Fiber passings has grown to 519,000, with 70 franchise agreements in 23 markets across 5 states. In addition, we continue to have success with government grant awards. In the third quarter, we were awarded $2.6 million in grants to bring broadband to approximately 1,000 additional unserved homes adjacent to our cable systems in West Virginia. We've now been awarded a total of approximately $90 million in grants that will enable us to extend broadband to over 28,000 unserved locations, primarily through fiber to the home technology. Our engineering and construction teams continued to deliver in the third quarter, with the addition of over 20,000 new fiber passings, bringing our total to over 203,000, including approximately 1,000 that are part of government-subsidized projects. In addition, our construction backlog remains very robust, with 340,000 incremental passings approved for construction. Our construction pace is dependent on other utilities to process pole attachment permits and locate existing underground facilities. In some cases, the industry-wide high volume of broadband deployments is causing delays for both permitting and locates. This is a risk we're monitoring closely and actively working with our utility partners to mitigate, and we expect to finish the year with approximately 235,000 total fiber passings. As we ramp up Glo Fiber construction, we continue to see strong customer growth, as shown on slide 16. As Chris mentioned, we saw Glo Fiber data customers increase 77% year-over-year, ending the quarter with over 37,000. We've added over 16,000 broadband data customers in the past year, and our penetration rate climbed to 18.5% in the third quarter, up from 16.1% a year ago. Our total number of data, video, and voice revenue-generating units has reached 46,000, up approximately 68% year-over-year. Our broadband data average revenue per user increased by 5.8% year-over-year and reached $77 for the quarter. This was driven by a combination of additional equipment revenue and customers selecting higher speed tiers. For the quarter, 47% of our new residential subscribers adopted speed tiers of 1 gig or higher, including approximately 4% that took speed tiers of 2 gig or higher. Glo TV video service is now available to over 99% of the homes that we pass. At the end of the third quarter, approximately 11% of our total Glo Fiber customers subscribe to video service, and approximately 12% subscribe to voice service. Finally, our churn continues to remain very low at 1.1%, an improvement of 10 basis points over the third quarter of 2022. We continue to focus on providing the fastest speeds in our markets, outstanding local customer service, and fair, straightforward pricing. We recently surveyed almost 3,000 Glo Fiber customers, and we were very pleased with our Net Promoter Score of 61. As a comparison, many broadband providers are in the single digits or even in the negative range. In addition, over 82% of our customers indicated that they have already recommended Glo Fiber to a friend or family. Moving to slide 17, we highlight our data penetration rates as our markets age. All of our cohorts continue to see steady increases quarter-over-quarter. Our third quarter 2022 cohort has already reached 18% penetration after one year, and we're seeing penetration rates above 30% after three years. Our oldest cohort, launched in late 2019, is now quickly approaching our target average terminal penetration rate of 38%. Let's move on to our operating results for our cable markets on slide 18. Broadband data subscribers had a slight increase year-over-year, remained flat quarter-over-quarter, and ended the third quarter at about 109,000. Our total revenue generating units decreased by about 3% year-over-year, as we continued to see declines in video service and residential voice service due to cord cutting. Our data penetration decreased slightly year-over-year, from 51.5% to 51.3% at the end of the third quarter. Although we saw a slight increase in the number of broadband data subscribers year-over-year, we've also added almost 1,500 new passings over the past year. Broadband data churn was 1.74% for the quarter and fairly consistent year-over-year, despite overbuilder activity in some markets that we previously disclosed. We've increased broadband speeds in all of our markets, giving customers higher speeds and more value for the same price. As we have proactively moved customers to higher speeds, we've been able to maintain our ARPU, which is up 1% year-over-year to approximately $82 in the third quarter of 2023. Turning to slide 19, we highlight our broadband enterprise and wholesale commercial fiber business. During the third quarter, we booked new sales with monthly revenue totaling approximately $75,000. This is a decline versus third quarter of 2022. However, our year-to-date 2023 new sales bookings are in line with 2022. We also installed new services totaling almost $98,000 in incremental monthly revenue in the third quarter, which is about 10% higher than our average over the past four quarters. Third quarter 2022 was elevated primarily due to the installation of a major E-Rate customer, generating over $27,000 in monthly revenue. For cell site backhaul connections, T-Mobile continues to reduce the number of circuits as part of their Sprint network rationalization project. Over the past year, they removed 289 connections, and as Jim mentioned, we expect approximately 80 additional disconnects. The remaining cell sites are under long-term contract. Our engineering and operations team continues to provide a quality network experience for our customers, and excluding the T-Mobile network rationalization, churn and revenue compression for the commercial fiber business decreased year-over-year to 0.3% in the third quarter. Turning to slide 20 in our tower segment, we ended the third quarter with 446 total tower tenants and approximately 2 tenants per tower. Our third-party tower tenants remained constant at 436. However, our intercompany tower leases decreased from 21 to 10 as we turned down Beam fixed wireless sites in 2022. As Jim mentioned, we do expect T-Mobile to eventually reduce the number of tower leases as they complete their Sprint network rationalization project. Finally, our total number of towers decreased to 220 as we decommissioned 2 non-revenue towers. Our capital spending and guidance for the year is reflected on slide 21. We've invested approximately $190 million in capital projects year to date. The significant increase year-over-year was driven by the ramp-up of construction in our Glo Fiber markets and the unserved markets where we won government grants. We've invested approximately $18 million in government-subsidized projects year to date, and we expect to be reimbursed for approximately 50% of these costs as we complete construction. For Glo Fiber, we've invested almost $140 million year to date, including approximately $127 million for engineering and construction, and $13 million to connect new customers. For the full year, we have lowered our capital spending guidance to a range of $243 million-$258 million, primarily due to fewer new fiber passings in government-subsidized projects and Glo Fiber markets than originally planned for the year. In addition, we were able to postpone some planned cable system capacity upgrades while still increasing customer broadband speeds in our cable markets. Thank you very much. Operator, we're now ready for questions. Thank you. As a reminder to ask a question, please press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by while we compile the Q&A roster. One moment for our first question. Our first question comes from Frank Louthan of Raymond James. Great. Thank you. Can you kind of sum up sort of the tower outlook? Seems like you're getting a little bit more fees from the shutdowns and so forth, and things taking a little longer. Where does that get us kind of from a quarterly run rate going forward? What's the expectation there? And then, on the Horizon deal, I think you need about $250 million or so to finish the funding. You're looking at that from, you know, possibly a tower sale. What are your options for financing that, if, you know, if you don't get the tower sale or it comes up short, would you look at the ABS market or anything like that? Thanks. Yeah, Frank, I can, I can jump in on both of those. Yeah, we haven't seen any churn yet from T-Mobile on the tower leases. They had given us proper notice under this pay and walk agreement, that ended September first, for 53 leases that they plan to terminate. The timing is uncertain of exactly when those leases will be terminated, but based upon recent conversations that our teams had with them, it sounds like this could be a more of a gradual, you know, churn or disconnects, than what we're seeing on the backhaul side. So, my expectation is we'll probably see some of these leases continue for up to maybe two more years, based upon some of these conversations. As you can see in our quarterly results, you know, we're doing about $3 million of Adjusted EBITDA a quarter, about $12 million annually. The 53 leases translate to about $2.2 million in revenue churn, when they're all fully, you know, terminated. I hope that answers your first question. Okay, great. Yep. As far as for the additional capital, growth capital that we need to, you know, to fund our business plan, post-acquisition of Horizon, we have multiple sources that we can look at. Towers is one of the sources we're gonna explore, but the ABS market, as you mentioned, is another source that would be appealing to us. Especially as our Glo Fiber markets, we're now getting several markets kind of go above that 20-25% penetration level, which would make them attractive candidates for, you know, for the ABS financing. Lastly, I'll also mention, you know, our current credit facility, the first maturities occur in June of 2026. By early 2025, we're likely to be in conversations to refinance that facility, and that could also provide some additional capital. We have several sources of how we can achieve our growth capital, you know, funding gap. All right. That's, that's great. Last question. So the, the CapEx lowering this year, is that just kind of deferred into next year? How should we, how should we think about that? Yeah, you are correct. We ran into some delays, as Ed mentioned, especially on the subsidized builds in getting access to some of the poles and just getting some of the locates done to locate facilities before we do on-the-ground construction. And that has had a cumulative effect here that we're not likely to get as many passings done in that area this year, but we hope to catch up in 2024. Anything on those items gonna, i s that gonna continue? Was that a temporary slowdown, or is there something about the co-ops or whatever that own the poles or the locate guys that that's gonna make that an ongoing problem, or has that been addressed? Yeah, this is Ed. It's really a volume issue for these folks. I think that we will continue to see some short-term challenges, but even with this, you know, we're projecting roughly a 25% increase in our number of fiber passings between 2022 and 2023. We think we can continue to scale, you know, particularly as we ramp up construction in some additional markets. So we're continuing to have some challenges there, but we think we can still grow the number of passings even with those. Can you mitigate that with some of your vendors by, you know, giving them some commitments or something ahead of time to divert some resources, or is it just? Yeah Life in small town America? So in our case, you know, we have the materials, we have our own construction crews ready to do the work. That's not where the issue is, it's with the actual, the other utility companies. They're having trouble getting resources to do their permitting work for the poles and then their locates for the underground facilities. So in some cases, we're able to mitigate that by paying overtime work for, or overtime for the locators that are locating underground facilities, for example. We're also working in some cases to do what's called self-remedy, where we're able to adjust the other telecommunications facilities on the poles. So we're working on ways to mitigate that, but you know, this is something we're gonna be dealing with for the next year plus. Yeah. Okay. Good deal. Thanks, guys. Thank you. One moment for our next question. Our next question comes from Hamed Khorsand of BWS Financial. Hey, good morning. Just on the topic about, you know, this CapEx shift and the permitting and so forth. Would you be putting in more investment into getting penetration rates up into the markets that you've already established and connected, or are you just really, you know, focused on the CapEx, you know, you know, moving forward maybe next year? No, Hamed, this is Ed. You know, so we're, we're very focused on increasing the penetration in our existing markets. That's, that, that's the primary goal of our sales and marketing team. So, yeah, definitely focused in that area. And how does Horizon fit into this, I guess, your planning scope for next year? You know, given that you're doing everything with Glo, the marketing involved, is there any, you know, form of distraction, is what I'm trying to get to? So we'll be using a you know separate engineering and construction team in the Horizon market. So we don't feel that will be a distraction from the current construction we're doing in the Glo markets. Okay. Very good. Thank you. Thank you. I'm showing no further questions at this time. I would like to turn it back to Jim Volk for closing remarks. Thanks, everyone, for joining us today, and and have a great day. Thank you. This concludes today's conference call. Thank you for participating, and you may now disconnect.