Telecom Co. TDS Inks $277M Deal For Broadband Provider

Law360, New York (February 26, 2013, 12:50 PM EST) -- Telephone and Data Systems Inc. will put up $276.5 million for a venture-backed New Mexico cable TV and Internet services company that will bolster its business in the Southeastern U.S., part of a growth strategy targeting underserved, high-potential markets, the company said Tuesday.

Neither TDS nor the company to be acquired, Baja Broadband LLC, gave a financial breakdown for the deal, saying only that they expected it to close in the third quarter pending regulatory approvals. Baja is backed by venture capital firms M/C Partners and...
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