Finance

TDS Agrees to Buy K2 Communications

Colorado provider has about 1,200 subscribers 9/05/2017 11:57 AM Eastern

Telephone & Data Systems (TDS) said it has agreed to purchase Mead, Colo.-based voice, video and data services provider K2 Communications. Terms of the deal were not disclosed.

K2 Communications has about 1,200 customers near Johnstown and Berthoud, Colo., two markets TDS purchased in 2013 as part of its purchase of Baja Broadband.

“K2 Communications provides an excellent clustering opportunity for TDS operations in Colorado,” said TDS chief operating officer Jim Butman in a statement. “Situated on the I-25 corridor 30 minutes north of Denver, K2 Communications is approximately ten miles from our Johnstown location and just six miles from our Berthoud market.”

Started in 2002, K2 Communications provides broadband, video and voice products to area residents. K2 Communications has been a solid community partner. TDS intends to build on that reputation focusing on exceptional customer service and reliable network connectivity.

“TDS plans to connect the networks, accelerate broadband speed upgrades, and modernize video products and services quickly. We are confident this transaction will greatly benefit the current K2 Communications customers,” Butman said in a statement.

Dave Kavanagh of KavaCom Consulting assisted K2 Communications with this transaction. The deal is pending regulatory approval at both the federal and local levels.

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