Home » BendBroadband »Consumer News »Rural Broadband »TDS Telecom » Currently Reading:

TDS Acquires BendBroadband of Oregon in $261 Million Deal; Nothing Changes for Now

Phillip Dampier May 5, 2014 BendBroadband, Consumer News, Rural Broadband, TDS Telecom 1 Comment

tds_hp_logoCentral Oregon’s independent cable television and broadband company — BendBroadband — has been sold to Telephone and Data Systems (TDS), a Chicago-based telephone company in a deal worth $261 million.

TDS, which also owns southwestern U.S. Baja Broadband and 84 percent of US Cellular, promises nothing will change for the company’s 36,000 cable TV, 41,000 Internet, and 22,000 phone customers “for the foreseeable future.” The company also said it plans to keep BendBroadband’s name and 280 employees.

BendBroadband has provided cable television service in Bend, Redmond, Sunriver, Prineville, Madras, and Sisters as far back as 1955, when it imported long distance KOIN (the CBS affiliate out of Portland), KLOR (Portland’s ABC affiliate), and KVAL-TV (Eugene’s NBC affiliate) for the benefit of viewers that could not receive broadcast television station signals from western Oregon blocked by the Cascade Range — high mountains that separated cities like Portland from Bend.

bendbroadband“While BendBroadband has made many smart investments, it is clear that we will need to join forces with a like-minded company to gain the scale necessary to provide the cutting-edge technology and personalized customer experiences that consumers expect,” BendBroadband’s website says.

The company also felt the cable industry was entering a new era of consolidation, necessitating a sale to improve negotiating power with television networks over programming costs.

0 0 vote
Article Rating
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Michael Elling (@Infostack)

Over $7,000 per average triple play subscriber. Wonder if the revenues that drive that valuation will get easily disrupted by IP over the next 5-10 years.

Search This Site:

Contributions:

Recent Comments:

  • Robert Deed: 2 years later and Suddenlink is still using Docsis 3.0 :p...
  • Gloria Steiner: Hooray!...
  • Eric: I've had Frontier fiber internet since 2015 and haven't had any problems until Ziply took over. Since Ziply took over, my internet service has been g...
  • Eric: 2.7 and 4.3 are odd numbers.. 4.3 doesn't seem right in the first place....
  • Crazyfrankie56: I don't know about that because there was some speculation that Comcast sent money to Biden's campaign last year before the start of the Presidental p...
  • Crazyfrankie56: We all know that Ajit paihole is going to pull his BS tactics again to try to stop anti data cap comments from being public just like he did with Net ...
  • Crazyfrankie56: Data Caps need to be banned and illegal and its got to happen now. I have had it with Ajit paihole he is the most disgusting money hogging pig way mor...
  • Joshi: This is rediculous! We are still in the middle of the pandemic here. More and more people are still online working from home and it's not over yet. Da...
  • Catwoman: I would disassociate myself from the Frontier name if I were you. They have a lousy reputation in Seattle area....
  • Gaius Wickser: I've seen outages before with ELN but never when their site is inaccessible and you call customer service you get a prerecorded message but cannot tal...
  • Julian Hatton: A regional municipality suffered a water main break that triggered a service interruption with an upstream network provider. This issue currently impa...
  • Julian Hatton: What does it mean “to be dumbed”?...

Your Account:

134
0
Would love your thoughts, please comment.x
()
x