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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.
OneNeck IT Solutions has been recognized for the seventh consecutive year in the CRN Tech Elite 250 list. This prestigious recognition celebrates North American IT solution providers with the highest number of advanced technical certifications from leading technology suppliers, adjusted for company size. The selection process involved extensive research by The Channel Company, ensuring only the most qualified providers were honored. OneNeck's commitment to ongoing certification and technical proficiency enables them to deliver outstanding service across various technologies.
Telephone and Data Systems (TDS) and United States Cellular Corporation (UScellular) will host a conference call to discuss their first quarter operating results on May 7, 2021, at 9:00 a.m. CT. Financial results will be released on May 6, 2021, after market close. Interested parties can access the webcast via the companies' investor relations websites. TDS, a Fortune 1000 company, serves approximately 6 million connections nationwide through its subsidiaries. Founded in 1969, TDS is headquartered in Chicago and employed 9,200 people as of December 31, 2020.
TDS (NYSE:TDS) announced that Joseph R. Hanley will lead its Corporate Development Group, succeeding Scott H. Williamson upon his retirement expected mid-year. Hanley, a TDS employee since 1988, brings extensive experience and a strategic perspective, previously overseeing technology and strategy. His leadership will focus on M&A strategies and development efforts. TDS provides telecommunications services to approximately 6 million connections nationwide, employing 9,200 as of December 31, 2020.
Telephone and Data Systems (TDS) announced a public offering of 16,000,000 depositary shares, each representing a 1/1,000th interest in its 6.625% Cumulative Redeemable Perpetual Preferred Stock, Series UU, priced at $25 per share, amounting to $400 million. The offering will close on or about March 2, 2021, and proceeds will fund general corporate purposes, including capital expenditures for its fiber-to-the-home program. The underwriters have a 30-day option to purchase an additional 2,400,000 shares. TDS plans to list the shares on the NYSE under the symbol 'TDSPrU.'
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will participate in three investor conferences in March 2021. The presentations will feature key executives including TDS's and UScellular's CEOs. The conferences are: Raymond James 42nd Institutional Investors Conference on March 2 at 3:00 p.m. EST; Morgan Stanley Technology, Media & Telecom Conference on March 4 at 1:15 p.m. EST; and Deutsche Bank's 29th Annual Media, Internet & Telecom Conference on March 9 at 8:00 a.m. ET. Presentations will be available live and on-demand.
The board of directors of Telephone and Data Systems (TDS) has declared a first quarter 2021 dividend of $0.175 per share, payable on March 31, 2021, to shareholders of record as of March 17, 2021. TDS, a leading telecommunications provider, serves approximately 6 million connections across the U.S. through its subsidiaries, including UScellular and TDS Telecom. With a workforce of 9,200 as of December 31, 2020, TDS remains a significant player in the telecommunications sector.
Telephone and Data Systems (TDS) reported Q4 2020 revenues of $1,376 million, up from $1,336 million year-over-year, with a net income of $14 million compared to $12 million. Full-year revenues for 2020 were $5,225 million, a slight increase from $5,176 million in 2019. UScellular showed growth in service revenues, supported by higher ARPU and reduced churn. TDS Telecom expanded broadband initiatives, driven by remote working demand, and plans to double fiber service addresses in 2021. Estimated service revenues for UScellular in 2021 range from $3,025-$3,125 million.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) are set to present their fourth quarter operating results on February 19, 2021, at 9:00 a.m. central time. The financial results will be released the prior day, February 18, 2021, after market close. The webcast can be accessed through the events pages of TDS and US Cellular's investor relations websites. TDS serves approximately 6 million connections nationwide through its subsidiaries and employed 9,300 people as of September 30, 2020.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will present at the Citi Global TMT West Conference on January 7, 2021, at 2:00 p.m. EST. Attendees include Laurent C. Therivel, CEO of UScellular, Vicki Villacrez, CFO of TDS Telecom, and Jane W. McCahon, SVP of Corporate Relations at TDS. The event will be accessible via live and on-demand webcasts. TDS, a Fortune 1000 company, has around 6 million connections across the U.S. and employs approximately 9,300 people as of September 2020.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will participate in a fireside chat hosted by UBS on December 8, 2020, at 3:45 p.m. EST. Key executives, including TDS CEO LeRoy T. Carlson Jr. and UScellular CFO Douglas W. Chambers, will attend. The event will be available for live streaming and on-demand viewing. TDS, a Fortune 1000 company, provides various telecommunications services nationwide with around 6 million connections and 9,300 employees as of September 30, 2020.
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