Rural Broadband (copy)

White Construction technician Randy Flint transfers a canister of fiber optic cable from a work truck to an installation site near Black Earth for TDS Telecom. Madison-based TDS Telecom operates TDS Broadband, which says it will buy K2 Communications in Mead, Colorado, for an undisclosed amount.

JOHN HART, STATE JOURNAL ARCHIVES

TDS Broadband Service, based in Madison, is announcing its second acquisition in a month.

TDS Broadband said Tuesday it has signed an agreement to buy K2 Communications, of Mead, Colorado. Terms of the deal were not disclosed.

If regulators approve, the acquisition will add more than 1,200 addresses. K2’s territory, about 30 minutes north of Denver, is near two other companies TDS purchased in 2013, in Johnstown and Berthoud, Colo.

“TDS plans to connect the networks, accelerate broadband speed upgrades and modernize video products and services quickly,” said Jim Butman, chief operating officer at TDS Telecom, the Madison company that operates TDS Broadband.

TDS has been on an acquisition streak. So far in 2017, at least two acquisitions have been announced and two others finalized.

In August, TDS Broadband said it will buy Crestview Cable Communications in central Oregon, near Bend. TDS bought BendBroadband in 2014.

In May, the company finalized the purchase of Sun Prairie’s municipal broadband service, and in February, it acquired InterLinx Communications and its subsidiary, Tonaquint Networks, in St. George, Utah.

TDS Broadband has more than 300,000 customer connections through cable TV, broadband internet and phone service in Arizona, Colorado, Nevada, New Mexico, Utah and Texas.

TDS Telecommunications Corp. is the seventh-largest local-exchange telephone company in the U.S. and provides 1.2 million connections to high-speed internet, telephone and TV services in nearly 900 communities nationwide.

TDS Broadband and TDS Telecom are subsidiaries of the publicly traded Telephone and Data Systems, Chicago, whose businesses also include U.S. Cellular.

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Judy Newman is a business reporter for the Wisconsin State Journal.