fdgfdgd
border

DID YOU KNOW? TDS TELECOM TO TRANSFER TWO VIRIGNIA COMPANIES TO RIVERSTREET!

TDS Telecom to transfer ownership of two Virginia companies to RiverStreet
 CLICK HERE FOR MORE INFO.
TDS Telecom has entered into a stock purchase agreement with RiverStreet Management Services, LLC 
(“RiverStreet”), a subsidiary of Wilkes Telephone Membership Corporation (“Wilkes”) to transfer ownership 
of two Incumbent Local Exchange Companies (ILECs) in Virginia: Amelia Telephone Corporation 
(“Amelia”) and New Castle Telephone Company (“New Castle”). The agreement was signed Friday, May 
31, and is expected to close within the third quarter of 2024, subject to customary regulatory approvals.  
Wilkes was founded in 1951 and provides telecommunications and broadband services to rural and 
underserved communities across North Carolina and Virginia through its operating entities Wilkes 
Communications and RiverStreet Networks.  
Eight local TDS Telecom Field Service associates will also transfer to RiverStreet as part of the agreement.   
“With Wilkes’ strong reputation and commitment to customer service, we are confident our customers and 
associates are in good hands,” said President and CEO Jim Butman. “We want to thank our dedicated 
associates and will work with them on a smooth transition to new ownership.”  
“Building upon our successful history of integrating acquired companies into our network, we are eager to 
welcome Amelia and New Castle into the RiverStreet family. With each partnership, we deepen our 
commitment to empowering communities through technology. Together, we look forward to leveraging our 
combined strengths to continue our fiber expansion into 16 additional counties in Virginia as we work 
together to foster connectivity on a broader scale,” said President and CEO, Eric Cramer.  
Charlesmead Advisors, LLC served as exclusive financial advisor to Wilkes on the transaction.   
About RiverStreet Networks:  
RiverStreet Networks is a leading telecommunications and broadband service provider focusing on bringing 
high-speed internet connectivity to underserved areas. With a mission to connect communities, empower 
businesses, and enhance the quality of life through cutting-edge technology, RiverStreet Networks is 
committed to bridging the digital divide and ensuring that all residents have access to the benefits of a 
connected world. RiverStreet Networks serves customers in over 68 counties in 5 states, primarily in North 
Carolina and Virginia.   
For more information about RiverStreet Networks and their services, please visit www.myriverstreet.net.  
Media Contact:  
Mike Meinel  
Vice President of Marketing  
715-323-0570  
mikemeinel@myriverstreet.net   
myriverstreet.net