Telephone and Data Systems' (TDS) unit, TDS Telecommunications LLC, said Wednesday that it has agreed to transfer ownership of its cable operations in Texas under a joint agreement with Poka Lambro Telecommunications and Nevill Holdings.
Financial terms of the agreement weren't disclosed.
TDS Telecommunications said it will transfer its cable properties in Seminole, Seagraves, and Denver City to Poka Lambro, as well as Alpine and Fort Stockton to Nevill.
The telecom firm said it will complete the deal in Q4.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments