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TDS Telecommunications Corp. divests interest in Wisconsin Sports Network
Minneapolis-based TST Media purchases leading high school sports content publisher
Late Friday Feb. 3, TDS Telecommunications Corp. (TDS) divested its interest in the Wisconsin Sports Network (WSN) to a leading Minneapolis-based Internet sports information provider, TST Media. TDS acquired a majority stake in WSN in the summer of 2007.
“We think this transition is a great strategic move for all parties involved. WSN will now be part of an organization where they can continue to grow and solely focus on developing and aggregating sports content. We’d like to thank all of the WSN employees for their development of WSN and wish them well as they join TST Media,” said James Butman, group president – Marketing, Sales and Customer Operations at TDS.
No transaction terms were disclosed. No job loss is expected.
For more information contact: DeAnne Boegli – National Public Relations Manager / TDS Telecommunications Corp. / 608-664-4428 / deanne.boegli@tdstelecom.com
TDS Telecommunications LLC (TDS Telecom/TDS®) delivers high-speed internet, TV entertainment, and phone services to a mix of small to mid-sized urban, suburban and rural communities throughout the U.S. With 1.1 million connections, TDS’ mission is to create a better world through its communications services. Powered by fiber-optics and new industry-leading technologies, TDS delivers up to 8 Gigabit internet speeds and offers internet-protocol based TV entertainment solutions along with traditional phone services. TDS also offers businesses VoIP advanced communications solutions, dedicated internet service, and data networking services. Visit tdstelecom.com.
TDS Telecom, headquartered in Madison, Wis., employs 3,300 people and is a subsidiary of Telephone and Data Systems, Inc. [NYSE: TDS]. Founded in 1969, Telephone and Data Systems provides wireless, broadband, video and voice services to approximately 6 million connections nationwide through its businesses: UScellular and TDS Telecom. Visit tdsinc.com.
