TDS Telecom to Acquire Granite State Communications

MADISON, Wis. —TDS Telecommunications LLC (TDS Telecom), a wholly owned subsidiary of Telephone and Data Systems, Inc. (NYSE: TDS), has entered into a purchase agreement with Granite State Communications to transfer ownership of the independent phone company’s fiber optic and voice operations. The acquisition combines two highly respected, adjacent internet providers in New Hampshire and is expected to close within the third quarter of 2026. As a result of the acquisition, TDS Telecom will gain more than 11,000 fiber service addresses.

“This acquisition marks an exciting step forward in our mission to deliver world-class connectivity with an excellent customer experience. By welcoming Granite State Communications into the TDS family, we are not only expanding our fiber network but also strengthening our commitment to the New Hampshire communities we serve,” said Drew Petersen, TDS Telecom Senior Vice President of Corporate Affairs.

Granite State Communications history dates to 1877 and once consisted of four separate telephone companies: Chester Telephone Company, Sandown Telephone Company, Weare Telephone Company, and Triangle Telephone Company. Throughout its history, Granite State Communications has maintained a large commitment to investing in its network and its communities.

“For nearly nine decades, Granite State Communications has been an important and enduring part of our family’s journey,” said Susan Rand King, President of Granite State Communications. “It was built over three generations of leadership and a steadfast commitment to innovation and customer-focused service.”   

Christian Rand, Vice President and Chief Strategy Officer added, “After thoughtful consideration, we are confident that TDS Telecom is the right partner for this next chapter. Their deep commitment to the New Hampshire market and proven track record gives us great confidence they will continue delivering the high-quality service our customers expect and deserve.”

TDS Telecom, a Madison, Wisconsin-based company, has been doing business in New Hampshire since 1970 and owns five telephone companies, four of which have been operating as TDS Telecom since 2004.