Welcome to our dedicated page for Telephone & Data Sys news (Ticker: TDS), a resource for investors and traders seeking the latest updates and insights on Telephone & Data Sys stock.
Telephone and Data Systems Inc. reports news around its broadband and wireless infrastructure businesses, primarily TDS Telecom and Array Digital Infrastructure. Recurring updates cover operating results, fiber broadband expansion, tower leasing activity, spectrum-related asset actions, and the company’s capital structure.
TDS announcements also include dividends on common and preferred securities, material agreements, executive appointments, governance matters, and investor presentations. The company’s news reflects its transformation from a broader telecom operator toward broadband services and shared wireless infrastructure.
Telephone and Data Systems (NYSE:TDS) announced it is no longer pursuing its proposal to acquire the public Common Shares of Array Digital Infrastructure (NYSE:AD) that it does not already own and has withdrawn the offer. The withdrawn proposal would have exchanged each Array Common Share not owned by TDS for 0.86 TDS Common Shares, subject to stated assumptions. TDS will retain its approximately 82% ownership interest in Array.
According to TDS, despite extensive review, the parties did not reach agreement on the form of consideration and value. TDS supports Array’s intention to opportunistically monetize remaining wireless spectrum assets and plans to work with Array to pursue such opportunities. With the proposal withdrawn, TDS expects to recommence repurchases of TDS Common Shares under existing programs, including an additional $500 million authorization announced in November 2025. As of June 30, 2026, about $523.9 million remained available under TDS’s repurchase programs, with timing and size of repurchases at TDS’s discretion based on market and legal factors.
Telephone and Data Systems (NYSE: TDS) declared third quarter 2026 dividends on its Common, Series A Common, 6.625% Series UU Preferred and 6.000% Series VV Preferred shares. Common and Series A shareholders will receive $0.04 per share, payable on September 30, 2026 to holders of record on September 15, 2026. Series UU preferred pays $414.0625 per share or $0.4140625 per depositary share (ticker TDSPrU), and Series VV preferred pays $375.0000 per share or $0.3750000 per depositary share (ticker TDSPrV), on the same record and payment dates.
Telephone and Data Systems (NYSE: TDS) reported second quarter 2026 operating revenues from continuing operations of $309.3 million, up from $298.5 million a year earlier. Net income attributable to TDS common shareholders from continuing operations was $260.6 million, or $2.24 per diluted share, versus a loss of $(6.0) million, or $(0.05) per share, in 2025.
TDS Telecom added about 66,000 marketable fiber service addresses and 15,100 residential fiber net adds, but service revenue declined 6% as fiber growth and 13% residential fiber revenue growth were offset by divestitures and legacy declines. TDS Telecom cut 2026 revenue guidance to $1.0–$1.025 billion while raising capital expenditure guidance to $625–$675 million and reaffirming Adjusted EBITDA of $310–$330 million.
Array grew site rental revenues 95% year over year, completed three wireless spectrum sales totaling about $1.16 billion in proceeds, and paid an $11 per-share special dividend. Array increased 2026 revenue guidance to $205–$215 million and Adjusted EBITDA to $220–$235 million. TDS also submitted a non-binding proposal to acquire Array shares it does not own.
Telephone and Data Systems (NYSE:TDS) and Array Digital Infrastructure (NYSE:AD) will release their second quarter operating results and host a webcast conference call on August 7, 2026, at 9:00 a.m. Central Time. Investors can access live and on-demand webcasts via the events and presentations pages at investors.tdsinc.com and investors.arrayinc.com. Registration at least 15 minutes before the start is recommended to install any required streaming software.
Array Digital Infrastructure (NYSE: AD) completed the sale of select spectrum licenses to Verizon for $1.0 billion, plus additional spectrum sales to T-Mobile totaling $168 million.
The board declared a special cash dividend of $11.00 per share, payable June 25, 2026, to shareholders of record on June 11, 2026. Array does not currently expect further dividends in 2026. The dividend is described as unrelated to the ongoing review of a non-binding acquisition proposal from TDS.
Telephone and Data Systems (NYSE:TDS) declared second quarter 2026 dividends on its Common, Series A Common, Series UU Preferred and Series VV Preferred shares.
Common and Series A holders receive $0.04 per share, while Series UU and VV preferred holders receive their stated quarterly amounts on June 30, 2026.
Telephone and Data Systems (NYSE:TDS) and Array Digital Infrastructure (NYSE:AD) will webcast their 2026 Annual Meetings of Shareholders. Array’s meeting is on May 19, 2026 at 8:30 a.m. CT; TDS’s meeting is on May 21, 2026 at 9:00 a.m. CT.
Investors can access live and on-demand webcasts via the Events & Presentations pages at investors.arrayinc.com and investors.tdsinc.com. Registration about 15 minutes early is recommended.
Telephone and Data Systems (NYSE: TDS) reported Q1 2026 continuing operations revenue of $309.5 million, net income attributable to TDS common shareholders of $129.3 million and diluted EPS of $1.11. TDS recorded a $150.9 million book gain on January spectrum sales and closed additional license proceeds of $74.8 million on May 5, 2026.
TDS Telecom expanded its marketable fiber footprint to 1.1 million addresses, added 40,000 marketable addresses in Q1 and 10,900 residential net fiber connections. TDS proposed a non-binding offer to acquire outstanding Array shares; a special committee will evaluate the proposal. 2026 guidance for both business units is unchanged.
Array Digital Infrastructure (NYSE: AD) announced that its board received a non-binding proposal dated May 7, 2026 from Telephone and Data Systems (NYSE: TDS) to acquire all outstanding common shares not owned by TDS. TDS currently holds approximately 81.9% of outstanding stock and 95.9% of voting interests.
The Board formed a three-member special committee of independent directors to evaluate the Proposal and retained PJT Partners as financial adviser and Cravath, Swaine & Moore as legal counsel. The Proposal is non-binding and conditioned on the Special Committee recommendation and approval by disinterested stockholders; no decision has been reached.
Telephone and Data Systems (NYSE:TDS) proposed to acquire all public shares of Array Digital Infrastructure (NYSE:AD) in an all‑stock merger exchanging each Array share for 0.86 TDS shares, assuming prior spectrum sales and a $10.40 per‑share dividend (~$900M) are completed before closing. The deal is expected to be a tax‑free reorganization and is subject to definitive documentation, special committee review, disinterested Array stockholder approval, TDS shareholder approval, and customary closing conditions. Wells Fargo and Sidley Austin advise TDS.