TDS Telecommunications Sells Texas Cable Operations to Poka Lambro and Nevill Holdings in Q4 Deal, Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
TDS Telecommunications LLC has agreed to sell its Texas cable operations to Poka Lambro Telecommunications and Nevill Holdings. The deal, expected to close in Q4 2024, involves transferring cable properties in various Texas locations. Terms of the deal were not disclosed.
August 21, 2024 | 11:33 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
TDS Telecommunications is selling its Texas cable operations to Poka Lambro and Nevill Holdings. This strategic move may allow TDS to focus on other core areas or markets.
The sale of Texas cable operations by TDS could indicate a strategic shift or refocus on other markets. However, without financial details, the immediate impact on TDS's stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80