TDS Broadband Service LLC, a subsidiary of Telephone and Data Systems, Inc. (NYSE: TDS) operated by TDS Telecom (TDS), says it has completed the acquisition of Central Oregon's Crestview Cable Communications. Terms of the agreement were not disclosed.
TDS says the sale includes adding service areas covering over 21,000 homes in six communities to the adjacent BendBroadband system that TDS acquired in 2014 (see "TDS Telecom completes BendBroadband acquisition").
Currently maintaining an all-digital video network and providing high-speed broadband with services up to 100 Mbps, Crestview grew through acquisitions to serve Madras, Prineville, La Pine, Metolius, Crooked River Ranch, and Culver, OR. BendBroadband and Crestview have past experience in collaborating to enhance central Oregon’s communications services, says TDS.
In August, TDS announced its plans to purchase Crestview for maximizing broadband speeds with fiber optic investments for both home and business owners (see "TDS Telecom to buy Crestview Cable Communications"). Since then, TDS has confirmed plans for fiber-to-the-home (FTTH) expansion in La Pine and other communities. According to the company, it plans to advance broadband speed upgrades, as well as video products and services improvements in Prineville, Madras, and throughout the Jefferson and Crook County service areas.
"We look forward to serving our new customers today and for many years to come," said Jim Butman, TDS Telecom’s chief operating officer. "We will be making significant investments to upgrade the network infrastructure to prepare these communities for long-term growth."
For related articles, visit the Business Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer's Guide.