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United States Cellular Corporation (NYSE: USM), headquartered in Chicago, is a prominent regional wireless carrier with approximately 4.5 million retail connections across 21 states. Serving regions such as the Midwest, mid-Atlantic, New England, and the Pacific Northwest, UScellular's operations cover a population of about 32 million people. The company primarily serves rural areas and second/third-tier cities, with notable exceptions being the greater Milwaukee and Oklahoma City regions.
UScellular provides a comprehensive range of wireless products and services, bolstered by excellent customer support and a high-quality network. Unlike many of its peers, UScellular owns the majority of its towers, which gives it a unique competitive edge. The company also holds a 5.5% stake in Verizon Wireless' Los Angeles operations. In recent developments, UScellular has agreed to sell its wireless operations and 30% of its spectrum assets to T-Mobile for $4.4 billion, with the transaction expected to close in mid-2025.
Financially, UScellular reported total operating revenues of $950 million for the first quarter of 2024, and a net income attributable to shareholders of $18 million. The company has maintained financial discipline, focusing on postpaid ARPU growth and expense management, despite challenging market conditions. UScellular's recent strategic decision to explore a range of alternatives, including the sale to T-Mobile, aims to enhance shareholder value and position the company for long-term growth.
In addition to its core wireless services, UScellular's tower assets represent one of the largest tower businesses in the United States. Post-transaction, T-Mobile will become a long-term tenant on over 2,600 of these towers, ensuring continued service and creating a stable revenue stream for UScellular. The company also retains significant spectrum assets and equity method investments, which generated $158 million in income and $150 million in distributions in 2023.
UScellular remains committed to its mission of connecting people to what matters most, striving to improve network quality, expand 5G services, and maintain strong customer relationships. For more information, visit UScellular.
UScellular has launched the “Learn with US” microsite to support families facing challenges due to remote learning and work amid the pandemic. According to a U.S. Census Bureau survey, 93% of households with school-age children are involved in distance learning, with significant disparities in access among different socioeconomic groups. The microsite offers resources including free tutoring from Wyzant and educational tools from Google and YouTube to enhance remote learning experiences. This initiative aims to address connectivity issues and assist users in optimizing their remote work and learning environments.
UScellular has launched an enhanced enterprise IoT self-management portal named ConnectHQ, powered by Nokia WING. This platform aims to facilitate large-scale IoT deployments by allowing customers to manage devices through a centralized dashboard. Key features include real-time data usage monitoring, automated triggers for operational efficiency, and secure remote device management. UScellular aims to simplify IoT technology for business and government clients, ensuring better control over their wireless operations.
The holiday season brings special tech deals from UScellular, available now through January 11, 2021. Shoppers can find FREE 5G smartphones like iPhone 12 and Samsung Galaxy S20 FE with no hidden fees. Discounts include $150 off for adding kids' devices and $200 off for upgrade-eligible customers on new smartphones. UScellular promotes a range of devices, tablets, and accessories for remote work and learning. Safe shopping options include in-store and curbside pickup. Visit www.uscellular.com/deals for more information.
UScellular reported total operating revenues of $1,027 million for Q3 2020, slightly down from $1,031 million year-over-year. Service revenues increased to $775 million compared to $774 million in Q3 2019. Net income rose significantly to $85 million with diluted earnings per share at $0.97, up from $23 million and $0.27, respectively, in the previous year. The company anticipates improved full-year financial results, driven by low churn rates, increased connected devices, and higher ARPU. UScellular also achieved a significant milestone in 5G technology, enhancing service capabilities, particularly for rural customers.
UScellular will launch the iPhone 12 Pro Max and iPhone 12 mini, expanding its 5G offerings. Orders for both models start on November 6, with availability on November 13. The iPhone 12 Pro Max features a 6.7-inch display, enhanced camera capabilities, and the A14 Bionic chip, while the 5.4-inch iPhone 12 mini offers powerful features in a compact design. Promotions include free iPhone 12 or iPhone 12 mini for new customers and $200 off for existing ones. UScellular’s 5G network currently covers parts of six states, with plans for expansion.
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.
UScellular is set to launch the LG K92 5G smartphone on November 19. This device will enhance the 5G connectivity experience with features like a 6.7-inch FHD+ FullVision display and an array of camera options. New customers can acquire the phone for free after $350 in bill credits, while existing customers pay $150 after $200 in credits. UScellular's 5G network currently serves parts of several states and is expanding to additional areas. This initiative signifies UScellular's commitment to delivering advanced technology and maintaining its position as a competitive wireless carrier.
UScellular announces the availability of the new iPhone 12 lineup, including iPhone 12 Pro, Pro Max, and Mini, starting October 16 and November 6, respectively. The devices feature advanced 5G capabilities, a Ceramic Shield front cover, and the A14 Bionic chip. In addition, UScellular introduces the iPad Air on October 23, boasting the same chip and enhanced performance. Customers can obtain the iPhone 12 for free with a new service switch or $200 off for existing customers. 5G activation will occur in select areas across 11 states.
UScellular has announced a $300,000 donation to JASON Learning for the third consecutive year, aimed at enhancing STEM education accessibility. The funds will support JASON’s remote-based curriculum, which is vital as many students adapt to new learning environments. UScellular previously collaborated with JASON to develop the "Connected Storm Sanctuary" challenge, encouraging innovative disaster response solutions from students. Despite pandemic-related challenges, JASON Learning continues to provide engaging online STEM content, emphasizing the importance of equitable access to quality education for all students.
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