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.
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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.