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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.
Telephone and Data Systems (TDS) has released its 2021 Environmental, Social, Governance (ESG) Report, emphasizing its commitment to corporate responsibility. The report outlines key priorities including Access and Affordability, Data Security, Diversity, Equity & Inclusion, and Community Relations. TDS engaged a third party for stakeholder assessment to shape its ESG strategy. Additionally, a designated Steering Committee will oversee ESG initiatives. The report incorporates the Sustainability Accounting Standards Board framework and aligns with Global Reporting Initiative standards.
Telephone and Data Systems has declared its third quarter 2022 dividends, highlighting financial commitment to shareholders. The dividends are scheduled for payment on September 30, 2022, to shareholders of record by September 15, 2022. Key dividends include $0.18 per Common and Series A Common Share, $414.0625 per Series UU Preferred Share, and $375.0000 per Series VV Preferred Share. TDS aims to maintain strong shareholder returns as it caters to approximately 6 million connections nationwide.
TDS reported Q2 2022 total operating revenues of $1,349 million, up from $1,311 million YoY. However, net income decreased to $18 million ($0.15 EPS) from $20 million ($0.17 EPS) in the previous year. UScellular experienced growth in service revenue driven by higher ARPU, while TDS Telecom focused on expanded fiber deployment. Full-year 2022 estimates for UScellular remain unchanged at $3,100-$3,200 million for service revenues. During Q2, TDS repurchased 966,124 shares for $16 million.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will host a conference call to discuss their second quarter operating results on August 5, 2022, at 9:00 a.m. CT. Financial results will be released on August 4, 2022, after market close. Investors can access the live and on-demand webcast via their investor relations websites, with registration recommended at least 15 minutes prior. TDS, a Fortune 1000 company, serves about 6 million connections through UScellular, TDS Telecom, and OneNeck IT Solutions, employing approximately 8,800 associates as of March 31, 2022.
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.
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