TDS Completes OneNeck Sale: Will it be Beneficial for the Stock?

Telephone and Data Systems, Inc. (TDS) recently completed the divestiture of its subsidiaries, OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC (OneNeck), to US Signal Company, LLC. Being a wholly owned part of TDS since 2011, OneNeck specializes in providing secure hybrid IT and multicloud solutions through data centers in six Western and Midwestern states in the United States. The divestiture is in line with TDS' capital allocation strategy and is poised to provide additional capital to suppo ...