US Signal Company, L.L.C. has entered into a definitive agreement to acquire OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC from Telephone and Data Systems, Inc. .

US Signal Company, L.L.C. has entered into a definitive agreement to acquire OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC from Telephone and Data Systems, Inc. (NYSE:TDS) on June 3, 2024. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the third quarter of 2024. US Signal is acquiring all of the OneNeck operations, including its data centers and cloud hosting and the solutions provider operations.

The proceeds will be used for general corporate purposes, including the advancement of Telephone and Data Systems, Inc.' fiber program. Telephone and Data Systems, Inc. was advised by TD Securities as its sole financial advisor.

Mayer Brown acted as legal advisor and DC Advisory was financial advisor to US Signal Company, L.L.C.