Telephone & Data Systems, Inc. (TDS) Posts Q1 EPS of 16c
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TDS (TDS) to Acquire BendBroadband in $261M Deal
May 2, 2014 6:35 AM EDTTelephone & Data Systems, Inc. (NYSE: TDS) announced an agreement to acquire substantially all of the assets of a group of companies operating as BendBroadband, headquartered in Bend, Oregon, for a purchase price of $261 million. BendBroadband generated annual revenues of $70 million in 2013 and has approximately 280 employees. The transaction is expected to close in the third quarter of 2014 pending regulatory approvals and other conditions.
BendBroadband is a full-service communications company, offering an extensive range of broadband, fiber connectivity, cable television, and telephone services for commercial and residential customers in Central Oregon. The agreement also includes two affiliated... More
