TDS Telecom doubles down on commitment to improve rural broadband
28 Septembre 2023 - 6:56PM
TDS Telecommunications LLC (TDS®) is pleased to announce it has
elected to receive Enhanced Alternative Connect America Cost Model
(E-ACAM) support from the Federal Communications Commission (FCC).
TDS has communicated to the FCC it will accept its offers in 24
states TDS serves. The federal broadband program, which is being
extended and enhanced to provide additional funding for rural
broadband, requires the deployment of at least 100/20 Mbps internet
service to consumers who lack that service today.
“It is a landmark day for TDS and our customers. With this
program, TDS and the federal government are ensuring quality,
high-speed internet in our rural service areas,” said TDS Senior
Vice President of Corporate Affairs Drew Petersen. “We are grateful
for the support from Chairwoman Rosenworcel and all the
commissioners. Together we are taking a crucial step forward in
closing the digital divide in America.”
The Madison, Wisconsin-based telecommunications company has been
part of the A-CAM program since its inception in 2016. The extended
program requires TDS to deploy high-speed internet to more than
270,000 locations with about 40 percent of unserved addresses not
receiving federal support. The E-ACAM program supports TDS’ ability
to make long-term investments to improve rural broadband by
providing predictable support over 15 years while aligning network
deployment requirements with the federal Broadband Equity Access
& Deployment (BEAD) program.
“TDS looks forward to improving broadband in our communities and
assisting states in their efforts to prevent duplicate broadband
funding from federal programs,” said Petersen.
For the last two years, TDS has been advocating in support of
enhancing the ACAM program as a member of the ACAM Broadband
Coalition and appreciates the continued support from NTCA – The
Rural Broadband Association and WTA – Advocates for Rural
Broadband.
TDS provides 1.2 million connections to high-speed internet,
phone, and TV entertainment in rural and suburban communities
across the U.S. The company has become an industry leader in
constructing fiber optic networks, delivering up to 8Gig internet
speeds for residences and dedicated connections for businesses up
to 10Gig. Included in the company’s range of fiber speed options is
a low-cost product for qualifying Affordable Connectivity Program
(ACP) participants. TDS Connect includes 200Mbps/200Mbps speeds at
a price that is fully covered by the monthly ACP benefit.Safe
Harbor Statement Under the Private Securities Litigation Reform Act
of 1995: All information set forth in this
news release, except historical and factual information, represents
forward-looking statements. This includes all statements about the
company's plans, beliefs, estimates, and expectations. These
statements are based on current estimates, projections, and
assumptions, which involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. Important factors that may affect these
forward-looking statements include, but are not limited to: intense
competition; the ability to attract people of outstanding talent
throughout all levels of the organization; TDS' smaller scale
relative to larger competitors; changes in demand, consumer
preferences and perceptions, price competition, or churn rates;
advances in technology;; the ability of the company to successfully
construct and manage its networks; difficulties involving third
parties with which TDS does business; uncertainties in TDS' future
cash flows and liquidity and access to the capital markets; the
ability to make payments on TDS indebtedness or comply with the
terms of debt covenants; conditions in the U.S. telecommunications
industry; the value of assets and investments; the state and
federal regulatory environment; pending and future litigation;
cyber-attacks or other breaches of network or information
technology security; disruption in credit or other financial
markets; deterioration of U.S. or global economic conditions;.
Investors are encouraged to consider these and other risks and
uncertainties that are more fully described under "Risk Factors" in
the most recent filing of TDS' Form 10-K, as updated by any TDS
Form 10-Q filed subsequent to such Form 10-K.
For more information about TDS and its subsidiaries,
visit TDS: www.tdsinc.com; UScellular: www.uscellular.com;
TDS Telecom: www.tdstelecom.com; OneNeck IT
Solutions: www.oneneck.com.
TDS Telecommunications LLC (TDS Telecom/TDS®) delivers
high-speed internet, TV entertainment, and phone services to a mix
of rural and suburban communities throughout the U.S. With 1.2
million connections, TDS is a rapidly growing technology company.
Powered by fiber-optics and new industry-leading technologies, TDS
delivers up to 8 Gigabit internet speeds and offers
internet-protocol based TV entertainment solutions along with
traditional phone services. TDS also offers businesses VoIP
advanced communications solutions, dedicated internet service, data
networking, and hosted-managed services.
Visit tdstelecom.com.
TDS Telecom, headquartered in Madison, Wis., employs 3,500
people and is a subsidiary of Telephone and Data Systems, Inc.
[NYSE: TDS], a Fortune 1000® company. Founded in 1969, Telephone
and Data Systems provides wireless, broadband, video and voice; and
hosted and managed services to approximately 6 million connections
nationwide through its businesses: UScellular, TDS Telecom, and
OneNeck IT Solutions. Visit tdsinc.com.
Kit Beyer
TDS Telecommunications LLC
(608) 664-4428
kit.beyer@tdstelecom.com
Telephone and Data Systems (NYSE:TDS)
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