FCC Approves TDS-RiverStreet Sales

WASHINGTON, September 16, 2024 - Federal regulators have approved the sale of two TDS Telecom networks to RiverStreet Management Services.

The Federal Communications Commission’s Wireline Competition Bureau said in a Friday notice that the transfer will not have adverse effects on the market.

TDS, based in Madison, Wis.. entered into a stock purchase agreement to transfer ownership of Amelia Telephone Corp. and New Castle Telephone Co., both Virginia corporations, to RiverStreet, a subsidiary of Wilkes Telephone Membership Corp.