TDS Broadband Service, a unit of TDS Telecom, said it has completed its purchase of Crestview Cable Communications, a central Oregon cable operator that passes about 21,000 homes in six communities. Terms were not disclosed.
TDS first announced the deal in August, and adds to its holdings in the state. In 2014 it purchased Bend Broadband in a deal valued at $261 million.
“We look forward to serving our new customers today and for many years to come,” said TDS Telecom chief operating officer Jim Butman in a statement. “We will be making significant investments to upgrade the network infrastructure to prepare these communities for long-term growth.”
TDS had previously announced plans to expand its fiber-to-the-home network in La Pine, Ore., and has plans to accelerate broadband speed upgrades along with modernizing video products and services in Prineville, Madras and across the Jefferson and Crook County service areas.
Founded in Madras, Ore., in 1955, Crestview Cable Communications grew through acquisitions to serve Madras, Prineville, La Pine, Metolius, Crooked River Ranch, and Culver, Ore.
“We welcome the employees from Crestview to our team. They are now part of the TDS family of companies,” added Butman in the statement. “They will be working closely with their fellow employees in Bend, helping to create and implement expansion plans while continuing to serve customers as they do today.”
Pat Thompson Co. assisted Crestview Cable Communications in the transaction.
Weekly digest of streaming and OTT industry news
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.