TDS Telecommunications LLC (TDS®) has recently announced a significant development in its operations in Texas. The company has entered into a purchase agreement with Poka Lambro Telecommunications, Ltd. and Nevill Holdings, Inc. to transfer ownership of its cable operations in the state. This joint agreement involves the transfer of TDS‘ cable properties in Seminole, Seagraves, and Denver City to Poka Lambro, and the cable properties in Alpine and Fort Stockton to Nevill Holdings, Inc., the parent company of Big Bend Telephone Company and Big Bend Telecom Ltd. (BBT). The agreement, signed on Monday, is expected to close within the fourth quarter of 2024.
Poka Lambro, founded in 1950, has a long-standing history of providing telephone service to rural farms and ranches in Texas. The company currently serves 4,000 square miles of the south plains of Texas with fiber-to-the-premise facilities, offering broadband internet and telecommunications services to residential communities and businesses in the region. With a focus on providing cutting-edge technology and exceptional customer service, Poka Lambro has established itself as a premier provider of connectivity in the area.
BBT, on the other hand, has been serving rural communities in West Texas for over 60 years. The company offers high-speed fiber internet, voice, and data center solutions to residents, institutions, and businesses. With a mission to bridge the digital divide and make the digital world more accessible to rural areas, BBT is committed to providing innovative solutions and top-notch service to its customers.
TDS, a company based in Madison, Wisconsin, has been operating in Texas since 2013 when it acquired Baja Broadband, LLC. With a focus on delivering high-speed internet, TV entertainment, and phone services to communities across the U.S., TDS has been a key player in the telecommunications industry.
As part of the agreement, eight local TDS Field Service associates will transfer to the acquiring companies. Both Poka Lambro and BBT have expressed their excitement about welcoming the TDS customers and associates to their respective families. They have assured a seamless transition and a continued commitment to providing quality service and innovative solutions to the communities they serve.
Charlesmead Advisors, LLC served as advisors to the buyers on the transaction, facilitating a smooth and successful acquisition process. TDS Telecom, a subsidiary of Telephone and Data Systems, Inc. (TDS), aims to create a better world through its communications services. With a focus on fiber-optics and new industry-leading technologies, TDS delivers high-speed internet, TV entertainment, and phone services to a mix of urban, suburban, and rural communities throughout the U.S.
In conclusion, the transfer of ownership of TDS‘ cable operations in Texas marks a significant milestone for the company and the telecommunications industry in the state. With Poka Lambro and BBT taking over the operations, customers can expect continued quality service, innovative solutions, and enhanced connectivity in the region. This acquisition underscores the commitment of all parties involved to meet the evolving needs of customers and communities in Texas.
