The company said Friday that TDS Telecommunications added 270,000 new addresses from four states to its broadband infrastructure plan in the third quarter.
The telecommunications company said it has now entered Montana and launched fiber projects operating at 2,000 megabits per second in Wisconsin, Idaho and North Carolina. In addition, in the third quarter, TDS increased its total broadband revenue by 31%, as well as a 7% increase in the number of customers requiring an Internet connection through the company.
According to TDS, 57% of the company’s territory offers speeds of up to 1000 Mbps.
“Fiber is the most cost-effective long-term solution for providing the best quality broadband,” Vicki Villacrez, TDS CFO, said in a statement Friday. “We continue to refine our criteria for market selection and are very confident in the process.”
The company said it also increased its gross revenues by 2%, while investment costs to launch new markets resulted in lower profitability. The total number of TDS customers increased by only 3%, which was offset by a decrease in the number of people purchasing telephone and voice services.
But most of the residents using TDS services use bundling options. The company said 63% of its customer base subscribes to more than one service.