Telephone And Data Systems Agrees To Sell Its Wholly Owned Subsidiaries OneNeck IT Solutions And OneNeck Data Center To US Signal Company, LLC; No Terms Disclosed
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Telephone and Data Systems (TDS) has agreed to sell its wholly owned subsidiaries, OneNeck IT Solutions and OneNeck Data Center, to US Signal Company, LLC. The terms of the deal were not disclosed. The proceeds from the sale will be used for general corporate purposes, including advancing TDS' fiber program.
June 03, 2024 | 11:47 am
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Telephone and Data Systems (TDS) has agreed to sell its subsidiaries OneNeck IT Solutions and OneNeck Data Center to US Signal Company. The proceeds will be used to advance TDS' fiber program.
The sale of OneNeck IT Solutions and OneNeck Data Center will provide TDS with additional funds to support its fiber program, which could enhance its growth prospects. This is likely to be viewed positively by investors.
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