text: **Note 14. Segment Reporting**
  
  The Company, as a holding company with various operating subsidiaries, has identified ten reporting segments based on 
  the products and services each provides. Each segment is managed and evaluated separately because of differing 
  technologies and marketing strategies. 
  
  The reporting segments and the nature of their activities are as follows: 
  
  Shenandoah Telecommunications Company (Holding) 
  Holding company, which invests in both affiliated 
  and non-affiliated companies. 
  
  Shenandoah Telephone Company (Telephone) 
  
  Provides both regulated and unregulated telephone 
  services and leases fiber optic facilities primarily 
  throughout the Northern Shenandoah Valley. 
  
  Shenandoah Cable Television Company (CATV) 
  Provides cable television service in Shenandoah 
  County. 
  
  ShenTel Service Company (ShenTel) 
  
  Provides Internet access to a multi-state region 
  surrounding the Northern Shenandoah Valley, hosts 
  Travel 511 for Virginia, and sells and services 
  telecommunication equipment. 