TDS Telecom Commends FCC Decision to Enhance the A-CAM Program
July 24 2023 - 5:15PM
TDS Telecommunications LLC (TDS®) is pleased with the Federal
Communications Commission’s (FCC) decision to modify and update the
Alternative Cost Model (A-CAM) high-cost universal service support
program. The Madison, Wisconsin-based telecommunications company
has been part of the A-CAM program since its inception in 2016. For
the last two years, TDS has been advocating for the extension as a
member of the ACAM Broadband Coalition and appreciates the
continued support from NTCA – The Rural Broadband Association and
WTA – Advocates for Rural Broadband.
“TDS Telecom would like to thank Chairwoman Rosenworcel and all
the commissioners for their support of enhancements to the A-CAM
program. While important program details remain under review, this
action is an important step toward providing Americans in rural
areas with high-speed broadband. This decision illustrates the
Commission’s steadfast commitment to delivering high-quality and
affordable internet services to every American,” said TDS Senior
Vice President of Corporate Affairs Drew Petersen.
TDS has nearly 160,000 homes and small businesses in 25 states
in the current A-CAM program and looks forward to reviewing the
specifics of the enhanced A-CAM program.
“As we work together to bridge the digital divide, TDS will
continue to explore opportunities to bring affordable and
sustainable networks to rural areas that desperately need better,
reliable internet,” said Petersen. “We look forward to partnering
with the FCC on the next steps of this enhancement of A-CAM.”
TDS provides 1.2 million connections to high-speed internet,
phone, and TV entertainment in rural and suburban communities
across the U.S. The company has become an industry leader in
constructing fiber optic networks, delivering up to 8Gig internet
speeds for residences and dedicated connections for businesses up
to 10Gig. Included in the company’s range of fiber speed options is
a low-cost product for qualifying Affordable Connectivity Program
(ACP) participants. TDS Connect includes 200Mbps/200Mbps speeds at
a price that is fully covered by the monthly ACP benefit.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: All information set forth
in this news release, except historical and factual information,
represents forward-looking statements. This includes all statements
about the company's plans, beliefs, estimates, and expectations.
These statements are based on current estimates, projections, and
assumptions, which involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. Important factors that may affect these
forward-looking statements include, but are not limited to: intense
competition; the ability to attract people of outstanding talent
throughout all levels of the organization; TDS' smaller scale
relative to larger competitors; changes in demand, consumer
preferences and perceptions, price competition, or churn rates;
advances in technology;; the ability of the company to successfully
construct and manage its networks; difficulties involving third
parties with which TDS does business; uncertainties in TDS' future
cash flows and liquidity and access to the capital markets; the
ability to make payments on TDS indebtedness or comply with the
terms of debt covenants; conditions in the U.S. telecommunications
industry; the value of assets and investments; the state and
federal regulatory environment; pending and future litigation;
cyber-attacks or other breaches of network or information
technology security; disruption in credit or other financial
markets; deterioration of U.S. or global economic conditions;.
Investors are encouraged to consider these and other risks and
uncertainties that are more fully described under "Risk Factors" in
the most recent filing of TDS' Form 10-K, as updated by any TDS
Form 10-Q filed subsequent to such Form 10-K.
For more information about TDS and its subsidiaries,
visit:TDS: www.tdsinc.com UScellular: www.uscellular.com TDS
Telecom: www.tdstelecom.com OneNeck IT
Solutions: www.oneneck.com
Mark Schaff
TDS Telecommunications LLC
(414) 326-3588
mark.schaaf@tdstelecom.com
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