Communications Services M&A » By The Online Investor Staff, updated Fri., May. 24, 7:40 AM
Recent mergers and acquisitions in the Communications Services M&A category.
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Slide #91. Telephone and Data Systems, Inc. — Baja Broadband, LLC
Acquirer:
Telephone and Data Systems, Inc. (NYSE:TDS)
Acquiree:
Baja Broadband, LLC
Details:
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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