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Broadband

TDS raises USD 400 mln in share issue for FTTH expansion

Wednesday 24 February 2021 | 16:35 CET | News
US operator TDS has raised USD 400 million for its FTTH roll-out through the sale of new shares. The company sold 16 million depositary shares, each representing a 1/1,000th interest in its perpetual preferred stock at a price equal to USD 25 per share. The underwriters can buy another 2.4 million of the shares within 30 days if demand warrants, and the shares will be listed on the NYSE. 

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Categories: Fixed
Companies: TDS Telecom
Countries: United States
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