TDS to acquire Crestview Cable
Move aims to accelerate broadband speeds with fiber optic investments for both home and business owners.
TDS Broadband Service LLC, a subsidiary of Telephone and Data Systems, Inc., (TDS®) and operated by TDS Telecom, announces the signed purchase agreement for Crestview Cable Communications in Central Oregon. The agreement was signed on Aug. 3, 2017. Once complete, the deal will add more than 21,000 service addresses to the adjacent BendBroadband system acquired by TDS in 2014.
“Crestview Cable Communications has built a strong high-speed data, digital video, and voice service company, and worked hard to expand broadband capacity in Central Oregon,” states Jim Butman, Chief Operating Officer at TDS Telecom.
“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,” adds Butman.
BendBroadband and Crestview Cable Communications have a long history of cooperating to improve communications services across the area. Network improvements by TDS will result in additional commercial services being developed and offered to local businesses. TDS’ investments will allow the Central Oregon region to continue growing as an exciting entrepreneurial and high quality of life destination.
Founded in Madras, Oregon in 1955, Crestview Cable Communications grew through acquisition to serve Madras, Prineville, La Pine, Metolius, Crooked River Ranch, and Culver, Ore. With a continued focus on upgrading facilities, Crestview offers high-speed broadband with services up to 100 Mbps, maintains an all-digital video network, and offers consumer and commercial voice services to more than 21,000 service addresses.
Pat Thompson Co. assisted Crestview Cable Communications with this transaction. Terms of the agreement will not be disclosed. The deal is pending regulatory approval at both the federal and local levels.
