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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 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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