NTELOS Holdings Corp. Announces Management Transition Plan

          NTELOS Holdings Corp. Announces Management Transition Plan

- James A. Hyde Resigns as Chief Executive Officer and President

- Rodney D. Dir Appointed President and Chief Operating Officer

PR Newswire

WAYNESBORO, Va., July 28, 2014

WAYNESBORO, Va., July 28, 2014 /PRNewswire/ -- NTELOS Holdings Corp. (the
"Company" or "NTELOS"; NASDAQ: NTLS) announced today that its Board of
Directors ("the Board") has accepted the resignation of James A. Hyde as Chief
Executive Officer, President and member of the Board, effective today. The
Board also announced the immediate appointment of NTELOS Director Rodney D.
Dir as President and Chief Operating Officer. Michael A. Huber, Chairman of
the Board, will oversee strategic relationships and external communications.

"On behalf of the Board of Directors, I would like to thank Jim for his
service to nTelos and his significant accomplishments during his tenure," said
Michael A. Huber. "Jim's guidance and leadership was integral to the
successful spinoff of Lumos Networks in 2011 as well as the recent extension
of our Strategic Network Alliance (SNA) with Sprint Corporation. We wish him
well in his future endeavors."

Mr. Huber continued, "The Board and management remain committed to pursuing
our goals of growing our retail business, maximizing the revenue potential of
our wholesale relationships and increasing the strategic relevance of our
assets. We are pleased that Rod has agreed to serve as our President and
Chief Operating Officer. Rod is a seasoned telecommunications executive with
decades of operational experience with a number of the leading wireless
companies. He has the leadership experience to oversee the operations of the
Company, as well as the industry and Company knowledge to execute against our
strategic plan. During the transition period, we will complete a thorough
search for a new CEO."

Mr. Dir commented, "I am excited to be taking on this new role at nTelos at a
dynamic time in the industry. I look forward to working closely with the
nTelos team to drive outstanding performance for our customers and
shareholders."

Background on Rodney Dir

Rodney Dir, age 56, has been a director since October 2011. He served as
President and Chief Executive Officer of Spectrum Bridge, Inc., a wireless
spectrum management company, from May 2011 to March 2014.From 2007 to 2011,
he served as the Chief Operating Officer of Firethorn Holdings, Inc., a
privately held provider of mobile banking and mobile commerce services, which
was acquired by Qualcomm Incorporated in November 2007. From 2005 to 2007, he
served as the Chief Operating Officer of Cincinnati Bell, Inc., a publicly
traded company and provider of telecommunication services. Between 1984 and
2005, Mr. Dir served in various positions having increasing levels of
responsibility with various telecom companies, including T-Mobile, Powertel
and GTE.

Background on Michael Huber

Michael Huber, age 45, has been a director since April 2005, and has been
Chairman of the Board of Directors since December 2009. Since January 2004,
Mr. Huber has served as a Managing Principal of Quadrangle Group LLC, a
private investment firm, and since January 2010, Mr. Huber also has served as
President of Quadrangle. Mr. Huber serves on the Boards of Directors of
several companies, including GET AS, Lumos Networks Corp. and Tower Vision
Mauritius Limited and as a managing member of Hargray Holdings LLC.

About NTELOS

NTELOS Holdings Corp. (NTLS), operating through its subsidiaries as "nTelos
Wireless," is headquartered in Waynesboro, VA, and provides high-speed,
dependable nationwide voice and data coverage forits retail subscribers based
in Virginia, West Virginia and portions of Maryland, North Carolina,
Pennsylvania, Ohio and Kentucky.The Company's licensed territories have a
total population of approximately 8.0 million residents, of which its wireless
network covers approximately 6.0 million residents.The Company is also the
exclusive wholesale provider of network services to Sprint Corporation in the
western Virginia and West Virginia portions of its territories for all Sprint
CDMA and LTE wireless customers.

FORWARD-LOOKING STATEMENTS

Any statements contained in this press release that are not statements of
historical fact, including statements about our beliefs and expectations, are
forward-looking statements and should be evaluated as such. The words
"anticipates," "believes," "expects," "intends," "plans," "estimates,"
"targets," "projects," "should," "may," "will" and similar words and
expressions are intended to identify forward-looking statements. Such
forward-looking statements reflect, among other things, our current
expectations, plans and strategies, and anticipated financial results, all of
which are subject to known and unknown risks, uncertainties and factors that
may cause our actual results to differ materially from those expressed or
implied by these forward-looking statements. Many of these risks are beyond
our ability to control or predict.Because of these risks, uncertainties and
assumptions, you should not place undue reliance on these forward-looking
statements. Furthermore, forward-looking statements speak only as of the date
they are made. We do not undertake any obligation to update or review any
forward-looking information, whether as a result of new information, future
events or otherwise. There are important factors with respect to any such
forward-looking statements, including certain risks and uncertainties that
could cause actual results to differ from those contained in the
forward-looking statements. We advise the reader to review in detail the
cautionary statements and risk factors included in our SEC filings, including
our most recent Annual Report filed on Form 10-K.

Investor Relations Contacts:

Jeffrey Goldberger / Rob Fink
KCSA Strategic Communications
P: 212-896-1249 / 212-896-1206
Email: jgoldberger@kcsa.com / rfink@kcsa.com



SOURCE NTELOS Holdings Corp.
 
Press spacebar to pause and continue. Press esc to stop.