CHICAGO -- Telephone and Data Systems, Inc. [NYSE: TDS], parent company to TDS Telecommunications Corp. (TDS Telecom), today announced an agreement to acquire substantially all of the assets of Baja Broadband, LLC ("Baja"), a cable company headquartered in Alamogordo, New Mexico, for a purchase price of $267.5 million, subject to working capital and other adjustments. Baja generated annual revenues of $82.4 million in 2012, and has approximately 285 employees. The transaction is expected to close in the third quarter of 2013, pending regulatory approvals.
Baja Broadband is a full-service communications company, providing video, high-speed broadband and voice services to residential and commercial customers in Colorado, New Mexico, Texas and Utah.
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