Telephone and Data Systems (TDS) to Divest Assets for Core Focus

Telephone and Data Systems, Inc. (TDS) recently announced that it has inked an agreement with Poka Lambro Telecommunications, Ltd. and Nevill Holdings, Inc. to sell its cable operations in Texas. The transaction, expected to close in the fourth quarter of 2024, represents a strategic shift for TDS as it focuses on its core markets and aims to enhance profitability. Under the terms of the joint agreement, cable properties of TDS in Seminole, Seagraves and Denver City will be transferred to Poka Lambro, while ...