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The divestiture aligns with Telephone and Data Systems' (TDS) capital allocation strategy, aiming to boost competitiveness through targeted investments.
US Signal Company, LLC (US Signal), a leading digital infrastructure provider and portfolio company of Igneo Infrastructure Partners, has entered into a definitive agreement to acquire OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC (OneNeck) from Telephone and Data Systems, Inc. (NYSE: TDS), a provider of wireless, broadband, video, voice, hosted and managed services to U.S. businesses. The firms expect the transaction to close in the third quarter of 2024 subject to customary clo