TDS Telecom is on the acquisition prowl again, as the Madison, Wis-based service provider has reached an agreement to acquire privately-owned Union Telephone Company. In 2008 the telco bought State Long Distance Telcom and Mosinee Telephone Company. Contingent upon meeting regulatory approvals, TDS says the acquisition will be completed by the end of this year. Already operating seven phone companies in New Hampshire, this purchase would give TDS an additional 8,500 access lines that stretch across 150 square miles in rural eastern New Hampshire. TDS will now serve an additional seven new towns: Alton, Barnstead, Center Barnstead, Farmington, Gilmanton, New Durham and Strafford.
"The company (Union Telephone) operates a high-quality network and is close to our Chichester exchange," said David Wittwer, president and CEO of TDS Telecommunications in a statement. "We look forward to being the preferred broadband provider in the community, offering new product bundles, enhanced service quality, and faster high-speed Internet service to our new customers."
TDS earnings slip, faces sale pressure
TDS reports lower revenue, line equivalent gain