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Telephone and Data Systems Inc (TDS) provides investors and stakeholders with centralized access to official corporate communications through this comprehensive news hub. Track all material developments across the company's wireless, broadband, and managed IT service divisions.
This resource aggregates TDS's financial announcements, operational updates, and strategic initiatives including UScellular network expansions, TDS Telecom fiber deployments, and OneNeck IT Solutions innovations. Users gain immediate access to earnings reports, leadership changes, partnership announcements, and technology milestones.
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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.
OneNeck IT Solutions has achieved Nutanix Champion Reseller status in the Nutanix Elevate Partner Program. This recognition is awarded to partners demonstrating high sales, technical, and service expertise. OneNeck's ReliaCloud, built on Nutanix's architecture, offers private cloud solutions with scalability and performance. The partnership aims to meet growing cloud service demands, providing customers with hybrid multi-cloud solutions. TDS, the parent company of OneNeck, has been recognized on multiple Forbes lists for employer diversity.
Telephone and Data Systems (TDS) announced the redemption of its 5.875% Senior Notes due 2061, totaling $195 million, effective October 14, 2021. The redemption will occur at 100% of the principal value alongside accrued interest. This strategic move follows a successful preferred offering, enabling TDS to save on interest while enhancing liquidity for its fiber expansion projects. The redemption notice will be sent to registered note holders, with queries directed to their brokerage firms.
The board of directors of Telephone and Data Systems has declared a third quarter 2021 dividend of $183.33 per share on its 6.000% Series VV Preferred Shares, payable on September 30, 2021, to holders of record on September 15, 2021. Holders of depositary shares will receive $0.18333 per depositary share. TDS provides a range of telecommunications services, serving approximately 6 million connections nationwide.
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