MADISON,
Wis., June 27, 2024 /PRNewswire/ -- TDS
Telecommunications LLC (TDS Telecom) is gearing up to launch a
mobile phone product. The Madison,
Wisconsin-based company has come to terms with Reach, a
leading software-as-a-service platform for launching network-based
services with speed and simplicity.
TDS Mobile will be covered by a national 5G mobile network as
the company enters the Mobile Virtual Network Operator (MVNO)
market through the established National Content & Technology
Cooperative (NCTC) partnerships.
Initially, TDS Mobile will be offered exclusively for internet
customers in many of its service areas before making it widely
available. TDS will begin notifying eligible customers about the
new product offerings soon.
"We are excited to add mobile to our portfolio as we continue to
deliver on our promise of offering reliable, high-quality products
and services to our customers," said Shane
West, TDS Telecom Chief Operating Officer. "TDS Mobile will
feature big-carrier coverage from your neighborhood internet
service provider – at a price you'll love."
"TDS Telecom's decision to enter the mobile market aligns
perfectly with our mission to simplify and accelerate network-based
service launches. We are thrilled to partner with TDS Telecom and
support their commitment to delivering exceptional value and
high-quality service to their customers through our innovative
Reach platform," Reach CEO Harjot
Saluja said.
TDS Telecom believes now is the right time to introduce the
product and is excited to leverage Reach's technology. As the
company begins rolling out the product, more details will be
announced in the coming months.
"TDS Telecom is a trusted brand associated with high-quality
communications services and value-based pricing," West said. "We
believe competition is incredibly powerful and adding a mobile
offering will strengthen our market presence."
Eligible customers should watch for future communications and
visit tdstelecom.com for further updates.
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: This communication contains certain
forward-looking statements about Telephone and Data
Systems, Inc. (TDS), including its subsidiary TDS Telecom and its
plans to launch a mobile phone product. Forward-looking information
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; impacts of
costs, integration problems or other factors associated with
acquisitions, divestitures or exchanges of properties or expansion
of TDS' businesses; 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; the effect on TDS' business if the
collateral securing its secured term loan is foreclosed upon;
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; potential
conflicts of interest between TDS and TDS Telecom; control by the
TDS Voting Trust; disruption in credit or other financial markets;
deterioration of U.S. or global economic conditions; and the
impact, duration and severity of public health emergencies.
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 small to mid-sized urban, suburban and rural
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 3,400 people and is a subsidiary of Telephone
and Data Systems, Inc. [NYSE: TDS]. 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.
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SOURCE TDS Telecommunications LLC
