MADISON,
Wis., Aug. 21, 2024 /PRNewswire/ -- TDS
Telecommunications LLC (TDS®) has entered into a
purchase agreement with Poka Lambro Telecommunications, Ltd. and
Nevill Holdings, Inc. to transfer ownership of its cable operations
in Texas. The joint agreement
includes the transfer of TDS' cable properties in Seminole, Seagraves, and Denver City to Poka Lambro and the cable
properties in Alpine and
Fort Stockton to Nevill Holdings,
Inc., the parent company of Big Bend Telephone Company and Big Bend
Telecom Ltd. (BBT). The agreement was signed Monday and is expected
to close within the fourth quarter of 2024.
Poka Lambro was founded in 1950 to provide telephone service to
rural farms and ranches. Today, the company serves 4,000 square
miles of the south plains of Texas
with fiber-to-the-premise facilities and is the premier provider of
broadband internet and telecommunications services in a region that
boasts thriving residential communities and a robust business
climate driven by agribusiness and energy production.
BBT has been connecting and serving rural communities in
West Texas for more than 60 years.
It offers high-speed fiber internet, voice, and data center
solutions to residents, institutions, and businesses. The company's
mission is to bridge the digital divide and continually invest in
innovative solutions to make the digital world more accessible to
rural areas across West Texas.
TDS, a Madison, Wisconsin-based
company, has been doing business in Texas since 2013 when it acquired Baja
Broadband, LLC who had been providing cable TV, voice, and internet
service in Texas since 2005.
Eight local TDS Field Service associates will also transfer to
the companies as part of the agreement.
"Moving forward, we are confident our customers will see the
same level of quality service that they have come to expect," said
President and CEO Jim Butman. "We
have great associates in Texas,
and we will assist them in their transition to the new
companies."
"We are excited to welcome the TDS customers and associates to
the BBT family," said Rusty Moore,
General Manager and COO of BBT. "This acquisition aligns with
our mission to provide exceptional service and innovative solutions
to the communities we serve. We look forward to enhancing
connectivity and continuing the legacy of quality service we devote
across West Texas."
"Poka Lambro is uniquely positioned to provide exceptional
service to customers in these newly acquired markets," said
Patrick Sherrill, CEO of Poka
Lambro. "The addition of these three communities is a natural fit
to our existing service territory and we pledge to serve these new
customers with the same cutting-edge technology and great customer
service for which Poka Lambro is known."
Charlesmead Advisors, LLC served as advisors to buyers on the
transaction.
TDS Telecommunications LLC (TDS Telecom/TDS®)
delivers high-speed internet, TV entertainment, and phone services
to a mix of small to mid-sized urban, suburban and
rural communities throughout the U.S. With 1.2 million
connections, TDS' mission is to create a better world through its
communications services. Powered by fiber-optics and new
industry-leading technologies, TDS delivers up to 8 Gigabit
internet speeds and offers internet-protocol based TV entertainment
solutions along with traditional phone services. TDS also offers
businesses VoIP advanced communications solutions, dedicated
internet service, data networking, and hosted-managed services.
Visit tdstelecom.com.
TDS Telecom, headquartered in Madison,
Wis., employs 3,400 people and is a subsidiary of Telephone
and Data Systems, Inc. [NYSE: TDS]. Founded in 1969, Telephone and
Data Systems provides wireless, broadband, video and voice;
and hosted and managed services to approximately 6 million
connections nationwide through its businesses: UScellular, TDS
Telecom, and OneNeck IT Solutions. Visit tdsinc.com.
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SOURCE TDS Telecommunications LLC
