January 28, 2026
W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, announced today that it acted as financial advisor to Hilliary Communications in its acquisition of TDS Telecom’s Oklahoma network operations.
About Hillary Communications
Hilliary Communications, a family-owned telecommunications company serving customers across rural Oklahoma, Texas, and Iowa. The acquisition adds nearly 35,000 new locations to Hilliary Communications’ service footprint, including communities across Oklahoma—many in growing rural regions from Elgin and Jones to Adair—marking a major step in the company’s mission to connect every Oklahoman to reliable, high-speed internet.
“Hilliary Communications is dedicated to building a stronger, more connected future for rural communities across Oklahoma,” said Dustin Hilliary, co-CEO of Hilliary Communications. “This acquisition positions us to bring fiber internet and modern communications services to more areas of Oklahoma.”
TDS Telecom, a Madison, Wisconsin-based company, has been doing business in Oklahoma since 1978. The local TDS Field Service associates will also transfer to the company as part of the agreement.
This agreement marks the latest milestone in Hilliary’s effort to bring scale, technology, and long-term investment to rural networks, while preserving the local, community-focused service. It is the company’s eighth acquisition of independent or regional telecom assets since 2016.
About W.G. Nielsen & Co.
W.G. Nielsen & Co. is a Denver-based investment banking firm that specializes in mergers and acquisitions (sell side and buy side advisory services) and structured and leveraged financing transactions. W.G. Nielsen & Co., an independently owned FINRA investment banking firm, offers clients innovative financing solutions. W.G. Nielsen & Co. enables select mid-sized clients to achieve their goals through strategic alliances, industry experience, and proven methodologies. Since the firm's inception in 1996, W.G. Nielsen & Co. professionals have completed transactions valued in excess of $6 billion. For more information, please visit www.wgnielsen.com.
For information on the above transaction, please contact Michael Mazer at 303.320.3777.