Chicago-based Telephone and Data Systems buys Baja Broadband

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Chicago-based Telephone and Data Systems, Inc. announced an agreement Feb. 26 to acquire the assets of Baja Broadband, LLC, a cable company headquartered in Alamogordo, New Mexico, for a purchase price of $267.5 million.

Baja provides video, high-speed broadband and voice services to residential and commercial customers in Northern Larimer County as well as other areas in Colorado, New Mexico, Texas and Utah.

As of Dec. 31, 2012, Baja served 212,000 homes with 74,000 video subscribers, 56,000 high-speed broadband subscribers and 15,000 digital voice subscribers. Approximately 96 percent of Baja’s network is equipped to deliver high-speed, high-capacity broadband and video services.

Baja generated annual revenues of $82.4 million in 2012 and has 285 employees. The transaction is expected to close in the third quarter of 2013 pending regulatory approvals.