May 2, 2014, 8:53 AM
- Along with its Q1 results, TDS announces it's buying Bend, OR telecom/cable service provider BendBroadband for $261M in cash. The deal is expected to close in Q3.
- BendBroadband's network covers 79K homes/businesses, and claims 36K video subs, 41K broadband subs, and 22K voice subs. With 2013 revenue totaling $70M, TDS is paying a little under 4x sales.
- TDS is reiterating its 2014 operating revenue, adjusted income, and capex guidance for its TDS Telecom unit. However, subsidiary U.S. Cellular (USM), which also reported this morning, is cutting its 2014 capex guidance to $640M from $738M.
Jun. 28, 2013, 9:56 AM
T-Mobile USA (TMUS +0.9%) is buying 10MHz. of spectrum covering 32M people in the Mississippi Valley region from U.S. Cellular (USM +2%) for $308M in cash. The spectrum resides in the high-frequency AWS band (better for high-density urban areas), and will be used to support T-Mobile's 4G LTE rollout. T-Mobile received a large chunk of spectrum from AT&T as part of its merger breakup fee, and took part in a spectrum swap with Verizon last year that yielded a net gain. Merging with MetroPCS also increased the carrier's spectrum holdings.| Jun. 28, 2013, 9:56 AM
Nov. 7, 2012, 8:08 AM
Sprint Nextel (S -1.2%) agrees to to pay $480M to U.S. Cellular (USM) for PCS spectrum and 585,000 subscribers in Illinois, Indiana, Michigan, Missouri and Ohio. The deal, which includes the assumption of liabilities, will "significantly increase Sprint's network capacity and improve the customer experience." (PR)| Nov. 7, 2012, 8:08 AM | 3 Comments
Aug. 20, 2012, 12:43 PM
Verizon Wireless (VZ, VOD) claims 64 companies are interested in acquiring 700 MHz. spectrum it plans to sell once the FCC gives its expected approval to the company's cable spectrum purchases. That's up from 36 in May. AT&T (T - previous) and U.S. Cellular (USM) are among those who have already expressed interest, though T-Mobile and others have questioned the value of the spectrum, which could interfere with a TV channel.| Aug. 20, 2012, 12:43 PM | 1 Comment
May 16, 2012, 12:38 PMAT&T (T) and U.S. Cellular (USM) are paying $304M to buy spectrum from cable operator Cox. AT&T's spectrum purchases cover 8 states, while U.S. Cellular's cover 5. The collapse of the T-Mobile deal, along with the spectrum transfer that was part of AT&T's breakup fee, has sent Ma Bell on the hunt for new airwave purchases. It was recently reported AT&T has held talks to buy Leap Wireless (LEAP), and speculation also exists about a bid for Dish Network (DISH). | May 16, 2012, 12:38 PM | 6 Comments