TDS to Acquire New Hampshire Phone Company

TDS Telecommunications Corp., a subsidiary of Telephone and Data Systems, Inc. [NYSE:TDS, TDS.S], announced today (Aug. 3, 2009) it has entered into a definitive agreement to acquire Union Telephone Co., a privately held telecommunications company in Farmington, NH. The transaction is subject to certain conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2009. The transaction would include more than 8,500 access line equivalents, covering 150 square miles in rural eastern New Hampshire.

TDS currently operates 7 phone companies in the state. Union Telephone Company currently provides telecommunications services to all or portions of the towns of: Alton, Barnstead, Center Barnstead, Farmington, Gilmanton, New Durham and Strafford, New Hampshire.

“Union Telephone is an excellent addition to our footprint in New Hampshire,” said David A. Wittwer, president and chief executive officer of TDS Telecommunications Corp. “The company operates a high-quality network and is close to our Chichester exchange. We look forward to being the preferred broadband provider in the community, offering new product bundles, enhanced service quality, and faster high-speed Internet service to our new customers.”

 

For more information contact:
DeAnne Boegli
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.

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