Recent releases
June 2, 2008
TDS Telecommunications Corp. (TDS Telecom) has acquired Mosinee Telephone Company in Wisconsin. The transaction includes nearly 6,000 residential and business line equivalents in areas adjacent to existing TDS service territory covering Auburndale, Junction City and Vesper, Wis.
The acquisition enables TDS Telecom to expand customer coverage in the state. “Our corporate headquarters is located in Wisconsin along with a large base of customers in the region,” stated Dave Wittwer, president and CEO of TDS Telecommunications Corp. ”The location and customer base fit strategically with our current operations. We are looking forward to serving the needs of the community with our diverse product and service offerings.”
TDS will communicate directly to all Mosinee customers in their monthly statements as the change moves forward; TDS encourages customers to continue to interact with the Mosinee Telephone Co. as they normally would until they are officially notified by mail of any changes. “There will be a transition period for us to convert the customer information into our databases, until then it’s business as usual,” adds Wittwer.
Terms of the agreement were not disclosed. Mazer Telecom Advisors of Denver, Colo., acted as financial advisor to Mosinee Telephone in the transaction.
TDS Telecommunications Corp. markets communications services to business and residential customers in 30 states, through its brands TDS Telecom and TDS Metrocom. With nearly 1.2 million access line equivalents in service, TDS Telecommunications Corp. connects customers to phone, broadband, and digital television service in hundreds of rural, suburban, and small metropolitan communities. Headquartered in Madison, Wis., TDS Telecommunications Corp. employs approximately 2,700 people. Visit www.tdstelecom.com and www.tdsmetro.com for more information.
TDS Telecommunications Corp. is a wholly owned subsidiary of Telephone and Data Systems, Inc. (TDS) (AMEX: TDS, TDS.S), a Fortune 500® company. TDS operates primarily by providing wireless and local telecommunications service through its strategic business units, TDS Telecommunications Corp. and U.S. Cellular (AMEX: USM). Headquartered in Chicago, TDS employs approximately 11,800 people and serves approximately 7.3 million customers in 36 states. Visit www.teldta.com for more information.
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