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.
The board of directors of Telephone and Data Systems (TDS) has announced quarterly dividends for Q2 2022. Common and Series A shares will receive a dividend of $0.18 per share, while Series UU Preferred shares will pay $414.0625 per share, and Series VV Preferred shares will pay $375.0000 per share. The payment date is set for June 30, 2022, and the record date is June 15, 2022. TDS serves approximately 6 million connections nationwide through its subsidiaries.
Telephone and Data Systems, Inc. (TDS) will present at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 1:50 p.m. Eastern time. Key executives attending include President and CEO LeRoy T. Carlson, Jr., CFO Michelle Brukwicki, and VP Colleen Thompson. The event will be available for live and on-demand viewing. TDS provides services to approximately 6 million connections in the U.S. through UScellular, TDS Telecom, and OneNeck IT Solutions, employing around 8,800 associates as of March 31, 2022.
Telephone and Data Systems, Inc. (TDS) and United States Cellular Corporation (USM) will hold their Annual Meetings of Shareholders on the following dates:
- UScellular: May 17, 2022, at 8:30 a.m. Central time
- TDS: May 19, 2022, at 9:00 a.m. Central time
Both meetings will be available via live and on-demand webcasts. Attendees should register at least 15 minutes prior to the meetings. TDS provides various services through its businesses, including UScellular, and had approximately 6 million connections as of March 31, 2022, employing around 8,800 associates.
On May 5, 2022, TDS reaffirmed its 2022 guidance while reporting Q1 revenues of $1,315 million, slightly down from $1,318 million YoY. Net income fell to $44 million ($0.37 per share) from $57 million ($0.48 per share) a year ago. UScellular saw growth in retail service revenue and fixed wireless gross additions, while TDS Telecom achieved increased residential broadband connections. For 2022, TDS estimates unchanged service revenues of $3,100-$3,200 million for UScellular and $1,010-$1,040 million for TDS Telecom. A stock repurchase of 617,923 shares was conducted in Q1.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will release their first quarter operating results on May 5, 2022, after market close. A conference call to discuss these results is scheduled for May 6, 2022, at 9:00 a.m. central time. Investors can access the live and on-demand webcast through the TDS investor relations site or the UScellular investor relations site. The companies serve approximately 6 million connections across the U.S.
Telephone and Data Systems (NYSE:TDS) announced the nomination of Dirk S. Woessner for election to its Board of Directors at the annual meeting on May 19, 2022. Woessner, currently CEO of CompuGroup Medical, has extensive experience in the telecommunications sector, having held leadership roles at Deutsche Telekom and Rogers Communications. His background in sales and marketing for both consumer and business products is expected to enhance TDS's strategic direction.
TDS Telecommunications (TDS Telecom), a subsidiary of Telephone and Data Systems (NYSE: TDS), will present virtually at the New Street Research and BCG Global Infrastructure Conference on March 29, 2022, at 11:50 a.m. Eastern time. Key executives attending include President and CEO James W. Butman and CFO Michelle Brukwicki. The presentation will be available live and on-demand at investors.tdsinc.com. TDS Telecom serves over 1,100 communities in the U.S. with high-speed internet and communication services.
OneNeck IT Solutions has been recognized in the MSP 500 list for 2022 by CRN, specifically in the Elite 150 category. This accolade highlights leading North American managed service providers that contribute to enhancing IT solutions and efficiency for businesses. The list is crucial for identifying key players in managed services amidst rising demand for communication and security solutions due to the pandemic. OneNeck's commitment to delivering innovative services aligns with the growing need for businesses to optimize their IT operations.
Telephone and Data Systems (TDS) and United States Cellular Corporation (UScellular) will participate in three investor conferences in March 2022. The events include the Morgan Stanley Technology, Media & Telecom Conference on March 7, where TDS President LeRoy T. Carlson, Jr. will speak. Additionally, they will attend the Raymond James 43rd Annual Institutional Investors Conference, also on March 7, featuring TDS Telecom President James W. Butman. Finally, TDS will be at the Deutsche Bank Media, Internet & Telecom Conference on March 14, with Vicki L. Villacrez among the speakers.
Telephone and Data Systems (TDS) has declared its first-quarter 2022 dividends, which will be payable on March 31, 2022. Holders of record by March 15, 2022 will receive a dividend of $0.18 per Common and Series A Common Share. The dividends on the 6.625% Series UU Preferred Shares will be $414.0625 per share, while the 6.000% Series VV Preferred Shares will receive $375.0000 per share. TDS operates through its subsidiaries, providing services to approximately 6 million connections nationally.
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