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) reported total operating revenues of $1,372 million for Q4 2021, a slight decrease from $1,376 million in Q4 2020. Net income was $14 million ($0.11 per share), down from $0.12 in the same period last year. For full-year 2021, total revenues reached $5,329 million, with net income of $117 million ($1.00 per share), compared to $226 million ($1.93 per share) in 2020. TDS Telecom achieved over $1 billion in revenue and plans significant expansions in fiber services. The company will hold a teleconference on February 18, 2022.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will host a conference call on Feb 18, 2022, at 9:00 a.m. CT to discuss their fourth quarter operating results. Financial results will be released after market close on February 17, 2022. Interested participants can access the webcast via the companies' investor relations websites. TDS, which serves approximately 6 million connections nationwide through its subsidiaries, employs around 8,900 associates.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will present at Citi's 2022 Virtual AppsEconomy Conference on January 6, 2022, at 11:00 a.m. EST. Key executives, including TDS's CEOs and Corporate Relations VPs, will participate. The event will be available via live and on-demand webcasts. TDS is a Fortune 1000 company, providing services to approximately 6 million connections nationwide through various subsidiaries, including UScellular and TDS Telecom.
Telephone and Data Systems, Inc. (TDS) has announced the promotion of Jessica Bartley to Vice President – IT Security and Chief Security and Privacy Officer (CSPO), effective January 2022. This decision reflects her expanded role in IT security amid a heightened focus on cybersecurity. Bartley, who joined TDS in 2012, has a strong background in data governance and threat assessment. She succeeds Ted Wiessing, who will continue as Senior Vice President – Technology while also serving as Senior Security Advisor.
Telephone and Data Systems (TDS) announced a series of finance leadership transitions, with Peter L. Sereda retiring in May 2022. He will be succeeded by Vicki L. Villacrez, currently CFO of TDS Telecom, who has been with the company for over 30 years. Michelle M. Brukwicki will take over Villacrez's role at TDS Telecom. The changes reflect TDS's effective succession planning and commitment to strong financial leadership. Both Villacrez and Brukwicki bring extensive financial expertise, enhancing TDS's capabilities in strategic planning and financial growth.
The board of directors of Telephone and Data Systems has declared dividends for the fourth quarter of 2021. Shareholders will receive a quarterly dividend of $0.175 per Common Share and Series A Common Share, payable on December 30, 2021, to those on record by December 15, 2021. Additionally, $414.0625 per Series UU Preferred share and $375.0000 per Series VV Preferred share will be distributed, also on December 31, 2021. The dividend declaration reflects the company’s commitment to returning value to shareholders.
TDS reported operating revenues of $1,328 million for Q3 2021, a slight increase from $1,324 million in Q3 2020. However, net income fell to $28 million or $0.24 per share, down from $78 million or $0.66 per share a year ago. UScellular exhibited growth in retail service revenues, driven by postpaid ARPU improvements, while TDS Telecom noted strong broadband connection growth. Full-year estimates for UScellular and TDS Telecom indicate service revenues and capital expenditures adjustments. TDS repurchased shares amounting to $22 million in Q3 2021.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will announce their third quarter results on November 4, 2021, post market close. A conference call will follow at 4:00 p.m. CT. The companies expect to discuss financial outcomes and other key performance metrics. Investors can access the live webcast and on-demand presentation via their respective investor relations websites. TDS serves approximately 6 million connections nationwide and has around 8,900 employees.
Telephone and Data Systems (TDS) has published its 2020 Environmental, Social, Governance (ESG) Report, marking its inaugural disclosure in this area. The report outlines TDS's commitment to ethical standards and highlights a materiality assessment conducted to identify stakeholder priorities. TDS's ESG strategy focuses on three core values: customers, culture, and communities. An ESG Steering Committee has been established to oversee the initiatives, and the report includes frameworks from the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI).
Telephone and Data Systems (TDS) announced the promotion of Colleen Thompson to Vice President – Corporate Relations, effective September 27, 2021. This move aims to enhance TDS’s exposure to Wall Street, develop its Environmental, Social and Governance (ESG) Program, and strengthen strategic communications. Jane W. McCahon will assist in the transition until May 2022. Colleen, currently Director of Business Strategy at UScellular, brings valuable experience and qualifications, including her CPA certification and MBA from Northwestern University.
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