M&A Deal Summary

Telephone & Data Systems Acquires Baja Broadband

On August 5, 2013, Telephone & Data Systems acquired communications company Baja Broadband from M/C Partners for 268M USD

Acquisition Highlights
  • This is Telephone & Data Systems’ 2nd transaction in the Communications sector.
  • This is Telephone & Data Systems’ largest (disclosed) transaction.
  • This is Telephone & Data Systems’ 6th transaction in the United States.
  • This is Telephone & Data Systems’ 1st transaction in New Mexico.

M&A Deal Summary

Date 2013-08-05
Target Baja Broadband
Sector Communications
Buyer(s) Telephone & Data Systems
Sellers(s) M/C Partners
Deal Type Add-on Acquisition
Deal Value 268M USD
Advisor(s) RBC Capital Markets (Financial)
Edwards Wildman Palmer LLP (Legal)

Target

Baja Broadband

Alamogordo, New Mexico, United States
website
Baja Broadband is a full-service communications company offering best-in-class residential and commercial video, high-speed Internet, and voice services. Baja is committed to being the major provider of entertainment, information, and communication services in the communities it serves.

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Buyer(S) 1

Buyer

Telephone & Data Systems

Chicago, Illinois, United States

website


Category Company
Founded 1968
Sector Communications
Employees9,200
Revenue 5.4B USD (2022)
DESCRIPTION

Telephone & Data Systems provides wireless; cable and wireline broadband, TV and voice; and hosted and managed services to approximately 5.8 million customers nationwide through its subsidiaries TDS Telecom and U.S. Cellular. Telephone & Data Systems was founded in 1968 and is based in Chicago, Illinois.


DEAL STATS #
Overall 6 of 8
Sector (Communications) 2 of 4
Type (Add-on Acquisition) 6 of 8
State (New Mexico) 1 of 1
Country (United States) 6 of 8
Year (2013) 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 Vital Support Systems

Urbandale, Iowa, United States

Vital Support Systems, is a provider of comprehensive suite of products and services, including: planning, engineering, procurement, installation, and management of IT infrastructure hardware solutions from world-class Original Equipment Manufacturers (OEMs). The breadth and depth of technical certifications held by team members has allowed Vital to achieve the highest level partner status with its vendors, including: Cisco Gold, HP Elite, EMC Velocity Premier, VMWare Premier and Microsoft Gold.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-11 Mountain States Networking

Salt Lake City, Utah, United States

MSN Communications, Inc. (dba Mountain States Networking) is a network solutions provider.

Buy $40M

Seller(S) 1

SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $5 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.


DEAL STATS #
Overall 16 of 31
Sector (Communications) 11 of 20
Type (Add-on Acquisition) 10 of 16
State (New Mexico) 1 of 1
Country (United States) 14 of 26
Year (2013) 2 of 3
Size (of disclosed) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-11 Lightower Fiber Networks

Boxborough, Massachusetts, United States

Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 GTS Central Europe

Warszawa, Poland

GTS Central Europe is a provider of integrated telecommunications services in Central and Eastern Europe. The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers.

Sell €546M