TDS Telecommunications LLC has entered into an agreement with Poka Lambro Telecommunications, Ltd. and Nevill Holdings, Inc. to sell ownership of cable networks in the state of Texas. This is reported in the TDS press release.
The agreement provides for the transfer of TDS assets in Seminole, Seagraves and Denver to Poka Lambro, and assets in Alpina and Fort Stockton to Nevill Holdings, Inc., the parent company of Big Bend Telephone Company and Big Bend Telecom Ltd. (BBT), which offers solutions in the sector of high-speed fiber-optic Internet access, voice communications and data centers for rural areas of West Texas..
The transaction is expected to be completed in the fourth quarter of 2024. Charles Mead Advisors, LLC is acting as an advisor to the transaction.
Poka Lambro is a company providing telephone services in rural areas. The company has fiber-optic networks and broadband Internet access and provides telecommunications services in the region.
TDS has been doing business in Texas since 2013 after acquiring Baja Broadband, LLC, a cable television, voice and Internet services company.
TDS Telecommunications LLC provides high-speed Internet access, television and telephone services to small and medium-sized urban, suburban and rural communities in the United States. TDS also offers enterprises advanced VoIP communication solutions, dedicated Internet service, data networks and hosting-managed services. The headquarters is located in Madison, Wisconsin. TDS is a subsidiary of Telephone and Data Systems, Inc.
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