Shenandoah Telecommunications Company (NasdaqGS:SHEN) will look for M&A opportunities. James Volk, Senior Vice President, Finance and Chief Financial Officer said, “We ended the second quarter with $715 million in debt with an effective interest rate of 2.5%. Net leverage ratio normalized with Sprint travel revenue was 2.2x. With $218.7 million in total liquidity, growing free cash flow and no short-term material debt maturities, we are in excellent shape to continue to invest in organic and M&A opportunities”.