Welcome to our dedicated page for Telephone & Data Sys news (Ticker: TDS), a resource for investors and traders seeking the latest updates and insights on Telephone & Data Sys stock.
Telephone and Data Systems Inc. (TDS), listed on the NYSE under the symbol TDS, is a Fortune 1000® company that provides a broad range of telecommunications services. The company's segments include UScellular, TDS Telecom, and OneNeck IT Solutions. Headquartered in Chicago, IL, TDS was founded in 1969 and employs approximately 8,600 associates as of March 31, 2024.
TDS operates through several key businesses:
- UScellular: This segment offers comprehensive wireless services and products to around 5 million customers nationwide. With a strong emphasis on customer support, UScellular ensures a high-quality network experience.
- TDS Telecommunications Corp.: Based in Madison, WI, this subsidiary provides high-speed internet, TV entertainment, and phone services to residential and business customers in rural, suburban, and metropolitan communities. TDS Telecom has also been aggressively expanding its fiber network, aiming to deliver faster internet speeds up to 8 Gigabits.
- OneNeck IT Solutions: Specializing in hybrid IT solutions, OneNeck offers cloud hosting, managed services, and advanced IT services through data centers located across several states, including Arizona, Colorado, Iowa, Minnesota, Oregon, and Wisconsin.
TDS is committed to continuous improvement and innovation, as evidenced by its recent achievements. The company has reported strong growth in its fiber broadband connections, having surpassed 100,000 residential broadband connections in its expansion markets. TDS Telecom plans to extend its fiber service to 1.2 million marketable addresses and aims to offer 1 Gig or higher speeds to at least 80% of its footprint.
In 2024, TDS announced several significant developments. These include a decision to explore strategic alternatives for UScellular, resulting in an agreement to sell its wireless operations and a portion of its spectrum assets to T-Mobile for $4.4 billion. The transaction is expected to close by mid-2025, pending regulatory approval. Additionally, TDS has entered an agreement to sell its OneNeck IT Solutions business to US Signal Company, LLC, with the proceeds earmarked to support the company’s fiber expansion initiatives.
Financially, TDS has shown resilience and adaptability, reporting total operating revenues of $1,262 million for the first quarter of 2024. The company continues to strategically manage its capital, including a recent $375 million unsecured debt financing to further support its fiber build-out program.
Overall, TDS aims to maintain its trajectory of growth and innovation, ensuring excellent service and connectivity for its customers across the United States.
Telephone and Data Systems (TDS) has announced its first quarter 2025 dividend payments. The company will distribute a quarterly dividend of $0.04 per Common Share and Series A Common Share, payable on March 31, 2025, to shareholders of record as of March 17, 2025.
For the Series UU Preferred shares, TDS will pay a quarterly dividend of $414.0625 per share ($0.4140625 per depositary share), while Series VV Preferred shareholders will receive $375.0000 per share ($0.3750000 per depositary share). Both preferred share dividends are payable on March 31, 2025, to holders of record on March 16, 2025.
TDS (NYSE:TDS) reported Q4 2024 operating revenues of $1,240 million, down from $1,313 million year-over-year, with a net loss of $11 million (-$0.10 per share). Full-year 2024 revenues were $4,964 million, compared to $5,160 million in 2023, with a net loss of $97 million (-$0.85 per share).
Key highlights include UScellular's strategic transactions with T-Mobile and spectrum deals with various operators. The company improved wireless operations with reduced postpaid and prepaid net losses, improved churn, and 27% growth in fixed wireless customers. TDS Telecom exceeded its 2024 fiber address goal, delivering 129,000 marketable fiber service addresses and expanding its footprint by 6% to 1.8 million total service addresses.
The T-Mobile transaction for UScellular's wireless operations is expected to close in mid-2025. Due to this pending transaction, UScellular is not providing 2025 financial guidance, though TDS Telecom plans to expand its fiber network to over 150,000 new marketable service addresses in 2025.
Telephone and Data Systems (TDS) and United States Cellular (USM) have announced they will release their fourth quarter operating results on February 21, 2025. The companies will host a conference call and webcast at 9:00 a.m. Central Time on the same day.
TDS, founded in 1969 and headquartered in Chicago, provides wireless, broadband, video, and voice services to approximately 6 million connections nationwide through its businesses, UScellular and TDS Telecom. As of September 30, 2024, the company employed approximately 8,000 associates.
Investors can access the webcast through the events & presentations pages of investors.tdsinc.com or investors.uscellular.com. Registration is recommended at least 15 minutes before the start time.
Telephone and Data Systems (TDS) announced significant leadership changes effective February 1, 2025. Walter C. D. Carlson, current Board Chair, will succeed LeRoy T. Carlson, Jr. as President and CEO. Carlson Jr. will transition to a newly created Vice Chair position focusing on enterprise strategy while maintaining his role as Chair of the Board of UScellular.
Walter Carlson, who has served on the TDS Board since 1981 and as non-executive Chair since 2002, brings extensive experience in guiding TDS through wireless industry development, UScellular's growth, and TDS Telecom's transformation into a broadband company. Additionally, Christopher D. O'Leary, a board member since 2006, has been appointed as Lead Independent Director.
Walter Carlson's professional background includes 44 years at Sidley Austin LLP, where he was a partner for 37 years and served on its Executive Committee from 2002-2018. He holds degrees from Yale University and Harvard Law School.
Telephone and Data Systems (NYSE: TDS) has announced its fourth quarter 2024 dividend payments. The company will pay $0.04 per Common Share and Series A Common Share, $414.0625 per Series UU Preferred share ($0.4140625 per depositary share), and $375.0000 per Series VV Preferred share ($0.3750000 per depositary share). All dividends are payable on December 31, 2024, to shareholders of record as of December 16, 2024.
TDS and UScellular have announced their participation in two upcoming conferences. At the Wells Fargo 8th Annual TMT Summit Conference on December 3, 2024, UScellular's CFO Doug Chambers will present at 1:15 p.m. ET. Subsequently, at the Raymond James 2024 TMT and Consumer Conference on December 9, 2024, TDS Telecom President Jim Butman and UScellular VP Fred Lubeley will present at 1:40 p.m. ET.
TDS serves approximately 6 million connections nationwide through UScellular and TDS Telecom. UScellular currently maintains 4.5 million retail connections across 21 states, with TDS owning approximately 83% of UScellular as of Q3 2024.
Telephone and Data Systems (NYSE: TDS) has elected Napoleon B. Rutledge Jr. to its Board of Directors, effective December 1, 2024. Rutledge, who will serve on the TDS Audit Committee, is currently Senior Vice President and Chief Accounting Officer at McKesson He brings extensive financial expertise and business leadership experience from his previous roles at Genuine Parts Company and Ernst & Young LLP. TDS, founded in 1969 and headquartered in Chicago, provides wireless, broadband, video, and voice services to approximately 6 million connections nationwide through UScellular and TDS Telecom, employing around 8,000 associates as of September 30, 2024.
TDS reported Q3 2024 total operating revenues of $1,224 million, down from $1,278 million year-over-year. The company recorded a net loss of $(83) million and $(0.73) per share, compared to $(17) million and $(0.16) per share in Q3 2023. A UScellular wireless spectrum license impairment of $136 million impacted results. Key developments include UScellular's announced sale of select spectrum assets for $1 billion to Verizon and TDS Telecom reaching 50% fiber service coverage. The company updated its 2024 guidance, with UScellular service revenues projected at $2,950-$3,000 million and TDS Telecom maintaining its previous revenue outlook of $1,050-$1,080 million.
Telephone and Data Systems (TDS) and United States Cellular (USM) announced they will release their third quarter operating results on November 1, 2024. The companies will host a conference call and webcast at 9:00 a.m. Central Time on the same day. TDS provides wireless, broadband, video, and voice services to approximately 6 million connections nationwide through UScellular and TDS Telecom. The company, founded in 1969 and headquartered in Chicago, employed about 8,500 associates as of June 30, 2024.
US Signal, a digital infrastructure provider, has completed its acquisition of OneNeck IT Solutions from Telephone and Data Systems, Inc. (NYSE: TDS). This strategic move significantly expands US Signal's capabilities and reach:
- Increases data centers from 10 to 16, quadrupling square footage
- Extends footprint to the West Coast (Phoenix, Denver, Bend)
- Adds Madison, Minneapolis, and Des Moines markets to fiber network
- More than triples commercial power under management
OneNeck serves over 1,000 customers across 45 states in various sectors. The combined entity aims to enhance client service excellence and provide more capabilities to meet evolving customer needs.
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