Finance

TDS Completes Acquisition of Merrimac Communications

Says it's ready to begin transitioning customers. 2/02/2018 9:26 AM Eastern

TDS Metrocom, a subsidiary of TDS Telecom, said it has completed its purchase of Merrimac Communcations.in Merrimac, Wis., and will immediately begin working to transition customers and planning improvements to the network which passes more than 6,000 homes.

“We look forward to serving the customers of Merrimac Communications and transitioning them to TDS’ state-of-the-art solutions,” TDS CEO Jim Butman said in a statement. “As we invest in the network, customers will begin enjoying some of the fastest, most reliable communications services in the state. This, in turn, will help accelerate growth and economic development throughout the region.”

TDS announced the Merrimac deal in November. Terms were not disclosed. Merrimac provides cable TV, internet, and phone service to residents and businesses in parts of Sauk, Columbia, and Dane counties, including th e towns of Merrimac, Caledonia, Sumpter, Prairie du Sac, Roxbury, Mazomanie, Greenfield, and West Point and the villages of Sauk City, Prairie du Sac, and Merrimac. TDS’ plans include launching TDS TV service and further building out the fiber optic network to serve more area residents.

TDS has been active in the deal market, purchasing Sun Prairie Utilities’ fiber network in May and cable networks from Crestview Cable Communications in Central Oregon in November and K2 Communications in Mead, Colo., in September.

The Pat Thompson Co. assisted Merrimac Communications with this transaction.

 

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