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US Cellular Corporation (NYSE: USM) is a leading regional wireless provider delivering connectivity solutions across rural and secondary U.S. markets. This page aggregates official company announcements, financial updates, and strategic developments for investors and industry observers.
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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.
UScellular and Hyperion Partners announced a partnership to enhance technology offerings for business and government customers. This marks UScellular's first agreement in the master agent space, aiming to leverage both companies' strengths to meet diverse customer needs. UScellular will combine its wireless and IoT expertise with Hyperion's telecommunications sales capabilities, expanding its business organization. Kimberly Green-Kerr, UScellular's VP, emphasized the importance of this collaboration for market growth and improved customer experiences.
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.
