Baja Broadband Sold To TDS Telecom

TDS Telecom President and CEO, David A. Wittwer said, “Baja Broadband is a natural extension of our existing businesses, with significant potential to deliver increased returns over time. Our strategy is to leverage our expertise and existing platform and technologies to accelerate growth in underserved, high-potential markets. We plan to build on Baja’s solid customer base and upgraded network to increase penetration and revenues with new services and products and outstanding customer experiences. And our experience with commercial customers will enable us to target new services and products to this fast-growing sector in Baja’s service areas.”
Baja Broadband passes, as of December 31, 2012, approximately 212,000 homes, with approximately 74,000 video subscribers, 56,000 high-speed broadband subscribers and 15,000 digital voice subscribers. In addition to that, 96% of the new Mexico-based company's network is equipped to deliver high-speed, high-capacity broadband and video services.
Wittwer adds, “Baja’s strong network capabilities will enable us to deliver highly competitive data services, while reducing the need for future capital investment.”
“Each of our team members has contributed to developing Baja Broadband into a leading communications operator. TDS Telecom’s focus on quality, integrity and outstanding service will enhance our already strong relationships with our customers, our employees and our communities,” said  Baja Broadband's CEO Peter Kahelin.
LeRoy T. Carlson, Jr., President and CEO, Telephone and Data Systems comments, “This acquisition is an important step in our ongoing efforts to build value over the long term. We continue to seek opportunities to invest our resources where we believe they can deliver strong returns over time, and expand into adjacent businesses like cable and hosted and managed services that enable us to leverage our core competencies to support our strategy to grow profitably.”