Announced
Synopsis
Igneo Infrastructure Partners-backed US Signal, a data center services provider, agreed to acquire OneNeck, a Chicago-based telecommunications service company. Financial terms were not disclosed. "As part of our capital allocation process, we are prioritizing assets to determine what is strategic and can improve our competitiveness. The sale of OneNeck provides additional capital that can be used to support TDS Telecom's fiber program, which includes investing in communities throughout the US with quality broadband connectivity. I believe that OneNeck's business complements US Signal and I am excited about future opportunities for both associates and the operations," Vicki L. Villacrez, TDS Executive Vice President and CFO.
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