During her third trimester, TDS telecommunications added 270,000 new addresses in four states to its broadband infrastructure plan, the company said in a statement Friday.
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. TDS also saw a 31% increase in its total broadband revenues in the third quarter, as well as a 7% increase in the number of customers seeking an Internet connection through the company.
Speeds of up to 1,000 Mbps are offered in 57% of the company’s territory, TDS said.
“Fiber is the most economical long-term solution to deliver the best broadband experience,” said Vicki Villacrez, CFO of TDS on Friday. “We continue to refine our market selection criteria and are very confident in the process.”
The company said it also increased its gross revenue by 2%, while capital spending on new market launches resulted in lower profitability. TDS saw only a 3% increase in its total customers, offset by a decrease in the number of people purchasing phone and voice services.
But a majority of residents using TDS services take advantage of the grouping options. The company said 63% of its customer base subscribe to more than one service.