Citigroup and Quadrangle to Sell NTelos Shares

NTelos Holding Corp. (Nasdaq: NTLS), a Waynesboro, Va.-based provider of wireless and wireline communication services in Virginia and West Virginia, has registered for a $230 million secondary offering of common stock. All of the shares are being offered by Citigroup Venture Capital Equity Partners and Quadrangle Capital Partners. Bear Stearns and Lehman Brothers are serving as co-lead underwriters.