TDS acquires Sun Prairie Utilities telecommunications assets in Wis.
As Wisconsin’s fastest internet provider, TDS plans to provide fiber internet service throughout the city, along with TV and phone service.
TDS Telecommunications Corporation (TDS®), a subsidiary of Telephone and Data Systems, Inc., announces the purchase of the telecommunications assets of Sun Prairie Utilities (SPU) in Sun Prairie, Wis. Earlier this year, TDS announced plans to acquire the SPU assets associated with the operation, transport, delivery, and support of telecommunications services currently offered by the utility, including all customer agreements.
“We look forward to adding Sun Prairie to our list of communities served,” states Jim Butman, Chief Operating Officer at TDS. “The Utility built a strong fiber broadband network and we’re proud to take it to the next level. In addition to expanding beyond the current SPU footprint, our goal is to provide the fastest, most reliable internet service to Sun Prairie residents and businesses.”
Sun Prairie, located 20 miles east of TDS’ headquarters in Madison, is quickly expanding. Today, Sun Prairie is home to more than 31,000 people. It’s also one of the fastest growing retail areas in the state. In recent years, Cabela’s, Marcus Theatres, and Woodman’s grocery store have all moved in to the area and become anchors in a large, new development area.
TDS plans to immediately begin construction of the high speed fiber optic network and to launch up to 1Gigabit internet, TDS TV and phone service for Sun Prairie residents. For businesses, TDS plans to provide up to 1Gigabit internet, dedicated fiber connections, and TDS managedIP, a hosted VoIP communications solution.
“To deliver these new, advanced services, we will be investing significant private capital,” Butman added. “We will also offer fiber services to future business developments in an effort to help foster business growth and attract more economic development projects to the area.”
Residents and businesses interested in learning more about TDS and the products it sells can visit tdsfiber.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the company's plans, beliefs, estimates, and expectations. These statements are based on current estimates, projections, and assumptions, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Important factors that may affect these forward-looking statements include, but are not limited to: impacts of any pending acquisition and divestiture transactions, including, but not limited to, the ability to obtain regulatory approvals, successfully complete the transactions and the financial impacts of such transactions; the ability of the company to successfully manage and grow its markets; the overall economy; competition; the access to and pricing of unbundled network elements; the ability to obtain or maintain roaming arrangements with other carriers on acceptable terms; the state and federal telecommunications regulatory environment; the value of assets and investments; adverse changes in the ratings afforded TDS and U.S. Cellular debt securities by accredited ratings organizations; industry consolidation; advances in telecommunications technology; uncertainty of access to the capital markets; pending and future litigation; changes in income tax rates, laws, regulations or rulings; acquisitions/divestitures of properties and/or licenses; changes in customer growth rates, average monthly revenue per user, churn rates, roaming revenue and terms, the availability of wireless devices, or the mix of products and services offered by U.S. Cellular and TDS Telecom. Investors are encouraged to consider these and other risks and uncertainties that are discussed in documents furnished to the Securities and Exchange Commission (“SEC”) by Telephone and Data Systems, Inc.
Sources: TDS Telecom, Telephone and Data Systems