TDS Telecom (NYSE: TDS) believes that the future success of its wireline group lies in broadband and managed services so it has named William Megan, EVP and CFO for TDS Telecommunications Corp. to become President of their Hosted and Managed Services (HMS) unit.
Megan will oversee day-to-day operations of the HMS unit, including the data center assets TDS bought from TEAM Companies and VISI Inc. and lead HMS business development activities.
The timing of the Megan's appointment comes as TDS is seeing continued growth in managed services, including cloud and data center colocation. During Q1 2011, TDS reported that it added 700 managed IP stations in Q1 2011 in its ILEC division and 3,400 in its CLEC territory.
In related news, TDS has appointed Vicki Villacrez, who currently serves as assistant treasurer for Telephone and Data Systems, Inc. will become TDS Telecommunications Corp.'s vice president-Finance and CFO, on an interim basis.
While TDS has a wireless business it can leverage in US Cellular to bolster its overall company financial outlook, telcos overall are increasingly turning to managed and broadband services, including cloud and colocation, as the future growth engine for their wireline divisions as traditional landline voice revenues continue to decline.
For more:
- see the release
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