Recent releases
Nov. 6, 2008
TDS Telecommunications Corp. announces agreement to acquire State Long Distance Telcom Ltd.
TDS Telecommunications Corp., a subsidiary of Telephone and Data Systems, Inc. [NYSE:TDSTM, TDS.S], announced today it has entered into a definitive agreement for the acquisition of State Long Distance Telcom, Ltd., a privately-held telecommunications company in Elkhorn, Wis. The transaction is subject to certain conditions including regulatory approvals. The closing is expected to be in fourth quarter 2008.
State Long Distance Telcom Ltd. currently serves 9,300 access lines and 2,200 DSL lines, through one telephone exchange.
David A. Wittwer, president and chief executive officer of TDS Telecommunications Corp. said, “State Long Distance is an excellent addition to our footprint in southeast Wisconsin. The company is near two of our existing telecommunications companies and operates a high-quality network. We look forward to being the preferred broadband provider in the community, offering new product bundles, enhanced service quality, and faster high-speed Internet service to our new customers.”
Mazer Telecom Advisors of Denver, Colorado, acted as financial advisor to State Long Distance Telcom, Ltd., in the transaction.
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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. TDS Telecommunications Corp. employs approximately 2,700 people and is headquartered in Madison, Wis. Visit www.tdstelecom.com and www.tdsbusiness.com for more information.
TDS Telecommunications Corp. is a wholly owned subsidiary of Telephone and Data Systems™ (NYSE: TDS, TDS.S) headquartered in Chicago. A Fortune 500® company, Telephone and Data Systems’ strategic business units, TDS Telecommunications Corp. and United States Cellular (NYSE: USM) operate primarily by providing wireless, local telephone and broadband services. As of June 2008, the TDS™ family of companies employs approximately 11,800 people and serves approximately 7.4 million customers in 36 states. Visit www.teldta.com for more information.
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