XTL - Why Is Telephone And Data Systems Stock Surging Today? | Benzinga
Telephone and Data Systems, Inc. (NYSE:TDS) shares are trading higher after the company announced a definitive deal to sell its wholly owned subsidiaries OneNeck IT Solutions and OneNeck Data Center Holdings to US Signal Company for an undisclosed amount.
US Signal, a portfolio company of Igneo Infrastructure Partners, is acquiring all of OneNeck’s operations, encompassing its data centers, cloud hosting, and solutions provider services.
Vicki L. Villacrez, TDS Executive Vice President and CFO, said, “As part of our ...