Welcome to our dedicated page for Telephone and Data Systems news (Ticker: TDS), a resource for investors and traders seeking the latest updates and insights on Telephone and Data Systems 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) announced the redemption of its 5.875% Senior Notes due 2061, totaling $195 million, effective October 14, 2021. The redemption will occur at 100% of the principal value alongside accrued interest. This strategic move follows a successful preferred offering, enabling TDS to save on interest while enhancing liquidity for its fiber expansion projects. The redemption notice will be sent to registered note holders, with queries directed to their brokerage firms.
The board of directors of Telephone and Data Systems has declared a third quarter 2021 dividend of $183.33 per share on its 6.000% Series VV Preferred Shares, payable on September 30, 2021, to holders of record on September 15, 2021. Holders of depositary shares will receive $0.18333 per depositary share. TDS provides a range of telecommunications services, serving approximately 6 million connections nationwide.
The board of directors of Telephone and Data Systems (NYSE: TDS) has declared dividends for Q3 2021. Common and Series A shareholders will receive a quarterly dividend of $0.175 per share. Additionally, holders of Series UU Preferred Shares will receive $414.0625 per share, with depositary share holders receiving $0.4140625. These dividends are payable on September 30, 2021, to stockholders of record as of September 15. TDS provides a range of telecommunications services nationwide.
On August 10, 2021, Telephone and Data Systems (TDS) priced an offering of 24 million depositary shares, each representing a 1/1,000th interest in its 6.000% Cumulative Redeemable Perpetual Preferred Stock, Series VV, at an aggregate price of $600 million. TDS plans to use the proceeds to redeem $116.3 million of senior notes and $125 million of borrowings under a revolving credit agreement, along with general corporate purposes, including funding capital expenditures for its fiber-to-the-home program. The offering is expected to close around August 16, 2021.
TDS reported Q2 2021 total operating revenues of $1,311 million, up from $1,263 million a year ago. However, net income fell to $20 million or $0.17 per share from $65 million or $0.56 per share in Q2 2020. The company expressed optimism regarding its 5G initiatives and fiber expansion, with broadband connections increasing and 1Gig speeds available to over half of service addresses. Full-year estimates remain unchanged for both UScellular and TDS Telecom.
Telephone and Data Systems, Inc. (TDS) and United States Cellular Corporation (UScellular) will hold a conference call to discuss their second quarter operating results on August 6, 2021, at 9:00 a.m. CT. Financial results will be released on August 5, 2021, after market close. Investors can access the live and on-demand webcast via the companies' investor relations websites. TDS serves approximately 6 million connections nationwide in wireless, broadband, and managed services, employing about 9,100 associates.
OneNeck IT Solutions has been recognized on CRN's 2021 Solution Provider 500 list for the seventh consecutive year. This list ranks the top 500 solution providers across North America based on revenue. In 2020, companies on the list collectively generated $403 billion, marking a 3% increase from the previous year's $393 billion. OneNeck's CEO, Terry Swanson, attributed this recognition to the expertise of their employees in navigating the hybrid IT landscape. The complete list is accessible via CRN's website.
On May 21, 2021, Telephone and Data Systems (TDS) announced its second quarter 2021 dividends, declaring a quarterly dividend of $0.175 per Common and Series A Common Share, payable on June 30, 2021, to shareholders on record as of June 15, 2021. Additionally, TDS will pay $552.0833 per share on its 6.625% Series UU Preferred Shares, equating to $0.5520833 per depositary share. TDS connects approximately 6 million users through its subsidiaries, including UScellular and TDS Telecom.
Telephone and Data Systems and United States Cellular Corporation announced their upcoming Annual Meetings of Shareholders. UScellular's meeting is scheduled for May 18, 2021, at 8:30 a.m. Central time, while TDS' meeting will occur on May 20, 2021, at 9:00 a.m. Central time. Both meetings will be webcast live and available on-demand. Interested participants should register at least 15 minutes before the meetings. TDS serves around 6 million connections through its various businesses.
TDS reported a strong first quarter of 2021 with total operating revenues of $1,318 million, up from $1,261 million year-on-year. Net income was $57 million, or $0.48 per diluted share, down from $69 million or $0.59 per share in Q1 2020. UScellular saw increased service revenues and significant growth in residential customers for TDS Telecom, which also reported robust broadband service expansion plans. Estimated full-year results show positive adjustments for both UScellular and TDS Telecom, with reaffirmed capital expenditures.
FAQ
What is the current stock price of Telephone and Data Systems (TDS)?
What is the market cap of Telephone and Data Systems (TDS)?
What services does TDS provide?
Where is TDS headquartered?
What are TDS's recent financial performance highlights?
What are the core businesses of TDS?
What recent strategic moves has TDS announced?
How many employees does TDS have?
What is the ticker symbol for TDS on the New York Stock Exchange?
What is the focus of TDS Telecom?
How is TDS expanding its fiber network?
What is UScellular's competitive advantage?
