TDS to buy OneNeck IT Services for $95 million - WAOW - Newsline 9, Wausau News, Weather, Sports

TDS to buy OneNeck IT Services for $95 million

Posted:

MADISON, Wis. (AP) -- Telephone and Data Systems Inc., the parent of TDS Telecommunications Corp., said it will pay $95 million to acquire OneNeck IT Services, which provides network and application management, information technology and hosting services.

OneNeck IT will become a unit of TDS Hosted & Managed Services LLC, which provides data center, hosting and other managed services. The deal is expected to close on or around July 1.

TDS Telecommunications Corp. is based in Madison, Wis. OneNeck IT Services is based in Scottsdale, Ariz.

Powered by Frankly