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Slide #91. Telephone and Data Systems, Inc. — Baja Broadband, LLC
Telephone and Data Systems, Inc. (NYSE:TDS)
Baja Broadband, LLC
Telephone and Data Systems, Inc, parent company to TDS Telecommunications Corp. (TDS Telecom), today announced an agreement to acquire substantially all of the assets of Baja Broadband, LLC ("Baja"), a cable company headquartered in Alamogordo, New Mexico, for a purchase price of $267.5 million, subject to working capital and other adjustments. Baja generated annual revenues of $82.4 million in 2012, and has approximately 285 employees. The transaction is expected to close in the third quarter of 2013, pending regulatory approvals.
Telephone and Data Systems is a telecommunications company. Co. conducts its wireless operations through its majority-owned subsidiary, United States Cellular Corporation. Co. provides broadband, video, voice and hosted and managed services, through its wholly-owned subsidiary, TDS Telecommunications LLC (TDS Telecom). Co. has four business segments comprised of: U.S. Cellular, which provides a range of wireless devices such as handsets, tablets, mobile hotspots, home phones and routers; and TDS Telecom's Wireline, Cable, and Hosted and Managed Services operations.
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