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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.
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.
The board of directors of Telephone and Data Systems (TDS) has declared a fourth quarter 2020 dividend of $0.17 per Common Share and Series A Common Share. The payment date is set for December 30, 2020, to shareholders of record as of December 16, 2020. TDS offers a range of telecommunications services to about 6 million connections across the U.S. through its subsidiaries, including UScellular and TDS Telecom. The company, founded in 1969 and headquartered in Chicago, employed 9,300 staff as of September 30, 2020.
On November 5, 2020, TDS reported third-quarter revenues of $1,324 million, a slight increase from $1,321 million a year ago. Net income attributed to TDS shareholders was $78 million with earnings per share at $0.66, up from $18 million or $0.15 in the previous year. UScellular showed strong performance with low churn and increased retail net additions. TDS Telecom expanded fiber deployment to 34% of service addresses, contributing to revenue growth. The company adjusted its 2020 estimates for UScellular and TDS Telecom.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) are set to release their third-quarter operating results on November 5, 2020, after market close. They will also hold a conference call to discuss these results on November 6, 2020, at 9:00 a.m. CT. Investors can access the live and on-demand webcast through the companies' investor relations websites. TDS, serving approximately 6 million connections nationwide, provides wireless and broadband services.
Telephone and Data Systems (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will participate in a fireside chat hosted by Morgan Stanley on August 20, 2020, at 3:30 p.m. EDT. Key executives, including LeRoy T. Carlson Jr. and Douglas W. Chambers, will be present. The chat will be available for live streaming and on-demand viewing. TDS provides wireless and broadband services to approximately 6 million connections across the U.S., employing around 9,300 people as of June 30, 2020.
The board of directors of Telephone and Data Systems (TDS) has declared a third quarter 2020 dividend of $0.17 per Common Share and Series A Common Share. This dividend will be paid on September 30, 2020, to shareholders on record as of September 16, 2020. TDS, a Fortune 1000 company, provides various telecommunications services to approximately 6 million connections nationwide through its subsidiaries including U.S. Cellular and TDS Telecom, employing around 9,300 people as of June 30, 2020.
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