TDS Telecommunications LLC and the Eastern Slope Rural Telephone Association have finalized a stock purchase agreement for Strasburg Telephone Company. Eastern Slope aims to enhance broadband services in Strasburg, continuing its longstanding service in eastern Colorado. CEO Bradley Welp highlighted the purchase's potential for improving connectivity in education, healthcare, and business operations. The deal reflects TDS's ongoing strategy of divesting regional companies while also participating in infrastructure expansion, shown by their fiber-optic project launching in rural Wisconsin.
"As the local Cooperative broadband service provider in surrounding areas, this purchase allows us to expand our reach into the Strasburg community and provide the same excellent service that we provide to our current members," Eastern Slope CEO Bradley Welp said in a press release about the TDS deal.
"As a leader in telecommunications and connectivity solutions, we are excited for the opportunity to improve broadband services for our neighbors in the Strasburg area, expanding opportunities for education, healthcare, remote work compatibility, entertainment, e-commerce, and business operations."
The Eastern Slope Rural Telephone Association has existed for more than 70 years and serves the eastern Colorado communities of Arriba, Bennett, Eads, Flagler, Genoa, Haswell, Hugo, Karval, Kit Carson, and Woodrow.
It's not all selling for TDS. Last week, the company announced that it had broken ground on a fiber-optic infrastructure project to connect more than 1,200 businesses and homes in rural Grant County, Wisconsin.
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