Telephone and Data Systems (TDS) Sells OneNeck to Boost Fiber
ITTI(TDS) ZACKS·2024-06-05 01:31
Telephone and Data Systems, Inc. (TDS) has inked a definitive agreement to sell its subsidiaries, OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC, to US Signal Company, LLC. The transaction, expected to close in the third quarter of 2024 pending customary closing conditions and mandatory regulatory approvals, marks a strategic shift for TDS as it reallocates resources to enhance its fiber program. As a wholly owned subsidiary of TDS, OneNeck specializes in delivering multi-cloud solutions and ...