TDS acquires Crestview Cable Communications, accelerates fiber-based residential, business broadband plans

TDS Telecom
Jim Butman, CEO of TDS Telecom, said in a release that the Crestview acquisition fits in well with its FTTH expansion plans for Oregon.

TDS Telecom-operated subsidiary TDS Broadband Service has gone to the M&A well this week, signing a deal to acquire Central Oregon-based Crestview Cable Communications as a way to further its fiber-based broadband reach.

Financial terms of the acquisition were not disclosed.

Jim Butman, CEO of TDS Telecom, said in a release that the Crestview acquisition fits in well with its FTTH expansion plans for Oregon.


Like this story? Subscribe to FierceTelecom!

The Telecom industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceTelecom as their must-read source for the latest news, analysis and data on the intersection of telecom and media. Sign up today to get telecom news and updates delivered to your inbox and read on the go.

RELATED: TDS Telecom promotes Butman as CEO, replaces Wittwer

“With plans to immediately invest and further expand our fiber-to-the-home (FTTH) footprint in key communities such as La Pine—along with accelerating broadband speed upgrades and modernizing video products and services in Prineville and across the larger Crestview footprint, we are confident this transaction will benefit the communities Crestview serves,” said Butman.

While the initial focus of the acquisition will be to serve more residential customers, TDS Telecom sees opportunities to enhance business services reach.

The service provider said that network improvements will result in additional commercial services being developed and offered to local businesses. Earlier this year, TDS Telecom extended its fiber-to-the-premises (FTTP) capabilities it developed for residential customers to small business customers, for example.

Similar to earlier deals TDS made for other cable properties such as Bend Broadband, the Crestview acquisition is about scale. Interestingly, the purchase will complement the BendBroadband cable assets.

The deal is pending regulatory approval at both the federal and local levels. TDS Telecom told FierceTelecom that it needs three main regulatory approvals:

1. Local franchise authority approvals.

2. FCC approval of assignment of Cable Television Relay Service (CARS) license; and

3. Consents to assignment of various agreements, since the transaction is an asset purchase transaction.

Upon completing the deal, TDS Telecom will add more than 21,000 service addresses to the adjacent BendBroadband system the telco acquired in 2014.

Suggested Articles

CyrusOne announced five new on-ramps to Google Cloud in order to provision direct connectivity for hybrid cloud deployments.

Verizon has bold ambitions to have its 5G Ultra Wideband enabled in 60 cities by the end of this year, but to do that it needs more fiber.

While Cisco has long dabbled in white box deployments as part of its network disaggregation efforts, it's not quite ready to jump in with both feet.