From Nasdaq: 2024-06-04 12:26:00

Telephone and Data Systems, Inc. (TDS) has agreed to sell its subsidiaries, OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC, to US Signal Company, LLC. The transaction will close in Q3 2024 pending customary approvals, strengthening TDS’ fiber program with the funds generated.

US Signal will integrate OneNeck’s multi-cloud solutions to expand its data center footprint, enhancing service offerings and technical capabilities for customers. This consolidation in the digital infrastructure sector will see US Signal grow from nine to 15 data centers, positioning the company for greater market presence and growth opportunities.

Arista Networks, Inc. (ANET) and NVIDIA Corporation (NVDA), both Zacks Rank #1 stocks, offer strong growth potential. Arista excels in 100-gigabit Ethernet switching and is expanding into higher-performance switching products, while NVIDIA’s AI-based solutions drive success in markets like robotics and self-driving vehicles, positioning them for continued growth.

Motorola Solutions, Inc. (MSI), a Zacks Rank #2 stock, provides essential services to government segments and public safety programs, offering two-way radio communication and enterprise mobility solutions. With growing earnings expectations and a focus on innovation, MSI is primed for sustained success in the tech market.



Read more at Nasdaq: Telephone and Data Systems (TDS) Sells OneNeck to Boost Fiber