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Slide #70. Telephone and Data Systems — Baja Broadband
Telephone and Data Systems (NYSE:TDS)
M/C Partners today announced the closing of the sale of the firm's portfolio company, Baja Broadband, LLC ("Baja"), a cable company headquartered in Alamogordo, New Mexico, to Telephone and Data Systems, Inc. [NYSE: TDS]. The base all-cash consideration for Baja was valued at the previously announced $267.5 million. The transaction was first announced in February 2013.
Telephone and Data Systems provides communications services to customers with wireless connections and wireline and cable connections. Co. conducts its wireless operations through its majority-owned subsidiary, United States Cellular Corporation (U.S. Cellular). Co. has three business segments comprised of: U.S. Cellular, which provides service to postpaid and prepaid customers from a variety of demographic segments; and TDS Telecommunications LLC's Wireline and Cable, which provides a range of communications services to both residential and commercial customers.
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