K2: Chicago telecom company plans purchase of Weld County-based K2 Communications

MEAD - TDS Broadband Service LLC will acquire K2 Communications LLC, another broadband company, later this year. TDS already services Berthoud and Johnston, and the acquisition of Mead-based K2 adds about 1,200 addresses to their coverage. The deal is expected to close in October. TDS Broadband Service is a subsidiary of Chicago-based Telephone and Data Systems Inc. and is operated by TDS Telecom. K2 was started in 2002 and provides broadband, video and voice products to residents in Northern Colorado. "K2 Communications provides an excellent clustering opportunity for TDS operations in Colorado," said Jim Butman, chief operating officer at TDS Telecom, in a prepared statement. "Situated on the I-25 corridor 30 minutes north of Denver, K2 Communications is approximately 10 miles from our Johnstown location and just six miles from our Berthoud market." The plan, Butman said, is to connect the two networks and improve broadband speed and video products and services. Terms of the agreement were not disclosed. The deal is pending regulatory approval. K2 Communications does not have full-time employees who will be impacted by the pending purchase, but TDS Telecom spokeswoman DeAnne Boegli said K2's two owners would not stay on with TDS. Customers should see no impact to their service during the transition, and prices and services will not change. Boegli added that customers will be converted to a new billing system and that TDS plans to offer different services several months down the road.The post Chicago telecom company plans purchase of Weld County-based K2 Communications appeared first on BizWest.