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. 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.
On March 17, 2023, OneNeck IT Solutions announced the appointment of Theodore (Ted) Wiessing as the new President and CEO, succeeding Terry Swanson, who stepped down after six years. Wiessing, formerly the Chief Operating Officer, has been integral to OneNeck since 2018 and has extensive experience in technology and security. He aims to continue enhancing the company's multi-cloud strategy while maintaining a strong culture. OneNeck, a subsidiary of TDS, employs 450 people and provides multi-cloud solutions and managed services across the U.S.
On March 2, 2023, OneNeck IT Solutions was named to CRN's 2023 Managed Service Provider Elite 150 list, recognizing its leadership in the managed services industry. This honor highlights OneNeck's commitment to delivering innovative, world-class managed services that enhance customer efficiency and drive growth. Featuring a broad portfolio aimed at midmarket and enterprise customers, OneNeck ensures effective IT solutions to meet evolving business demands. The full list is accessible on CRN's website, showcasing top providers in North America who excel in service and strong partnerships with tech suppliers.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will participate in three upcoming investor conferences in March 2023. The first is the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 4:30 PM ET. The second is the Raymond James 44th Annual Institutional Investors Conference on the same day at 7:30 AM ET. Finally, TDS will attend the New Street Second Annual Fiber to the Future Conference on March 28, 2023, at 2:55 PM ET. Presentations will be available via webcast. For more information, visit investors.tdsinc.com and investors.uscellular.com.
Telephone and Data Systems (TDS) and United States Cellular (UScellular) announced their participation in three upcoming investor conferences. On March 8, 2023, TDS executives will present at the Morgan Stanley Technology, Media & Telecom Conference at 4:30 PM ET and at the Raymond James 44th Annual Institutional Investors Conference at 7:30 AM ET. Additionally, TDS will participate in the New Street Second Annual Fiber to the Future Conference on March 28, 2023, at 2:55 PM ET. All presentations will be available via webcast. TDS, a Fortune 1000 company, provides services to approximately 6 million connections nationwide.
Telephone and Data Systems (TDS) has declared a quarterly dividend of $0.185 per Common Share and Series A Common Share for Q1 2023. This marks the 49th consecutive year of dividend increases. Additionally, dividends for preferred shares include $414.0625 for Series UU and $375.0000 for Series VV. These dividends will be payable on March 31, 2023, to shareholders on record as of March 15, 2023. TDS provides essential telecommunications services to approximately 6 million connections nationwide and employs about 9,300 people.
UScellular reported fourth-quarter 2022 total operating revenues of $1,048 million, a slight decline compared to $1,068 million in Q4 2021. The company experienced a net loss of $28 million or ($0.33 per share) compared to a profit of $27 million or $0.31 per share a year earlier. For the full year, total revenues were $4,169 million, up from $4,122 million in 2021, but net income dropped to $30 million from $155 million. UScellular aims for significant growth in 2023 with estimated service revenues of $3,050-$3,150 million and a focus on enhancing 5G capabilities. The company will hold a conference call on February 17, 2023.
Telephone and Data Systems, TDS, reported Q4 2022 revenues of $1,357 million, down from $1,372 million year-over-year. The company experienced a net loss of $(43) million or $(0.38 per share, compared to $14 million and $0.11 per share in Q4 2021. For the entire year of 2022, total operating revenues reached $5,413 million, a slight increase from $5,329 million in 2021, but net income fell to $(7) million from $117 million. TDS Telecom added 133,000 new marketable fiber addresses in 2022 and aims to reach 1.2 million by 2026. Estimated full-year 2023 results project service revenues for UScellular between $3,050-$3,150 million.
OneNeck IT Solutions, a provider of hybrid IT and multi-cloud solutions, has received the 2022 High Impact Award from Infinidat for achieving the highest percentage increase in partner-led account executives. This award recognizes OneNeck's significant growth in its storage portfolio, which features Infinidat's enterprise-grade solutions. OneNeck's commitment lies in optimizing hybrid IT performance and offering cost-effective data storage for enterprise customers. The company, a subsidiary of Telephone and Data Systems, employs 450 people across several states and continues to enhance its service offerings in the multi-cloud realm.
Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) announced their fourth quarter operating results conference call scheduled for February 17, 2023, at 9:00 a.m. central time. The financial results will be released on February 16, 2023, after market close. Interested parties can access the live and on-demand webcast via the respective investor relations websites. TDS, a Fortune 1000 company, provides various telecommunications services to approximately 6 million connections in the U.S. and employs around 9,200 associates.
OneNeck IT Solutions has been honored as the Global and Americas Service Provider of the Year by Nutanix, recognizing its commitment and success in delivering hybrid IT and multi-cloud solutions.
With over 150 Nutanix certifications, OneNeck offers ReliaCloud, a robust hosting service featuring a security-first approach and a 100% SLA for availability.
OneNeck's solutions focus on customer experience, cost-effectiveness, and timely service delivery, reinforcing its position as a leader in the cloud services sector amidst growing demand.