TDS Telecommunications LLC (TDS®) has entered into a purchase agreement with Poka Lambro Telecommunications, Ltd. and Nevill Holdings, Inc. to transfer ownership of its cable operations in Texas. The joint agreement includes the transfer of TDS' cable properties in Seminole, Seagraves, and Denver City to Poka Lambro and the cable properties in Alpine and Fort Stockton to Nevill Holdings, Inc., the parent company of Big Bend Telephone Company and Big Bend Telecom Ltd. (BBT). The agreement was signed Monday and is expected to close within the fourth quarter of 2024.
Poka Lambro was founded in 1950 to provide telephone service to rural farms and ranches. Today, the company serves 4,000 square miles of the south plains of Texas with fiber-to-the-premise facilities and is the premier provider of broadband internet and telecommunications services in a region that boasts thriving residential communities and a robust business climate driven by agribusiness and energy production.
BBT has been connecting and serving rural communities in West Texas for more than 60 years. It offers high-speed fiber internet, voice, and data center solutions to residents, institutions, and businesses. The company's mission is to bridge the digital divide and continually invest in innovative solutions to make the digital world more accessible to rural areas across West Texas.
TDS, a Madison, Wisconsin-based company, has been doing business in Texas since 2013 when it acquired Baja Broadband, LLC who had been providing cable TV, voice, and internet service in Texas since 2005.
Eight local TDS Field Service associates will also transfer to the companies as part of the agreement.
Read the full press release here.
TDS