Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from David Coleman – RBC Capital Markets.
David Coleman – RBC Capital Markets
Just a question on the Sherburne acquisition, can you talk about how much revenue and EBITDA impact that had on the third quarter? And then I believe you guys picked up additional 700 megahertz spectrum with some of these acquisitions, and I was wondering what your intent is as far as deploying that spectrum?
Craig Knock
I'll take the first part of it. We haven't broken out Sherburne because it's not a material acquisition, but if you look back at some of the filings that we had previously, I think you'll see that the trailing revenues they had were roughly $29 million and trailing EBITDA was just a little over $11 million. So that's some form of guidance.
Again, we just closed in July and we started, as Alan indicated, integration activities and system changes and so forth. So we haven't realized as much synergies yet as we'd like or will over time, but nonetheless, we're starting on that process.
Alan L. Wells
As far as the 700 megahertz that we obtained as part of the Sherburne transaction, they had some 700 megahertz spectrum around their service areas and around Saint Cloud which we acquired as part of that deal, and have no immediate plans, much like our 700 megahertz spectrum and [800] spectrum that we have in Iowa. We're kind of waiting to see how the market evolves for that, but at this point, have no immediate deployment plans.
Operator
Your next question comes from Frank Louthan – Raymond James.
Frank Louthan – Raymond James
So just looking at the revenue and margin shifts after Sherburne, is this kind of the run rate we should be looking at going forward? And can you give us an idea on the revenue and margin opportunities in the areas you identified as some places where you could get some additional revenue, like the Shell Network and expanding CP and CLEC operations? How should we think about that sort of upside opportunity going forward?
Craig Knock
As to the margins, and again, we don't necessarily comment forward-looking, but as I just said to David that we believe that there's an incremental synergy opportunities that will come as we combine the operations of Bishop and Sherburne up in Minnesota, so we expect some incremental savings there from overall synergies. And Alan will touch on the Shell opportunities.
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