RiverStreet to acquire ownership of Amelia Telephone Corporation and New Castle Telephone Company from TDS Telecom
Acquiring Company
RiverStreet Management Services
Acquired Company
Telephone and Data Systems, Inc.
WilkesboroChicagoHardwareHardwareInternetTelecommunicationsDescription
TDS Telecom has signed a stock purchase agreement with RiverStreet Management Services, LLC to transfer ownership of Amelia Telephone Corporation and New Castle Telephone Company. The agreement is expected to close within the third quarter of 2024, subject to customary regulatory approvals. Additionally, eight local TDS Telecom Field Service associates will transfer to RiverStreet as part of the agreement.
Quick answer
RiverStreet Management Services is acquiring Telephone and Data Systems, Inc., announced June 4, 2024. RiverStreet Management Services is based in Wilkesboro, North Carolina, United States.
- Who acquired Telephone and Data Systems, Inc?
- RiverStreet Management Services agreed to acquire Telephone and Data Systems, Inc. on June 4, 2024.
- How much did RiverStreet Management Services pay for Telephone and Data Systems, Inc?
- The deal value was not disclosed.
- What does RiverStreet Management Services do?
- RiverStreet Networks was born out of a desire to expand the current services offered to customers primarily in Wilkes County to customers outside of Wilkes Communications, Inc.'s traditional service area.
- Where are RiverStreet Management Services and Telephone and Data Systems, Inc. based?
- RiverStreet Management Services is based in Wilkesboro, North Carolina, United States. Telephone and Data Systems, Inc. is based in Chicago, Illinois, United States.
- Who are the decision-makers at RiverStreet Management Services?
- Fundz holds 1 contact at RiverStreet Management Services. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at RiverStreet Management Services, and when
When RiverStreet Management Services changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Telephone and Data Systems, Inc.?
Telephone and Data Systems, Inc. was acquired by RiverStreet Management Services, based in Wilkesboro. The deal was reported on June 4, 2024. RiverStreet Networks was born out of a desire to expand the current services offered to customers primarily in Wilkes County to customers outside of Wilkes Communications, Inc.'s traditional service area. RiverStreet Management Services is privately held and operates in Hardware.
When did RiverStreet Management Services acquire Telephone and Data Systems, Inc.?
RiverStreet Management Services's acquisition of Telephone and Data Systems, Inc. was reported on June 4, 2024. TDS Telecom has signed a stock purchase agreement with RiverStreet Management Services, LLC to transfer ownership of Amelia Telephone Corporation and New Castle Telephone Company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Telephone and Data Systems, Inc. do?
Telephone and Data Systems, Inc. (TDS) provides wireless, broadband, video and voice to approximately 6 million connections nationwide through its businesses, UScellular and TDS Telecom. It is privately held, operating in Hardware, and is based in Chicago.
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