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.
News and regulatory disclosures for Telephone and Data Systems, Inc. (NYSE: TDS) focus on its activities as a telecommunications and digital infrastructure company. Founded in 1969 and headquartered in Chicago, TDS reports that it provides broadband, video and voice services through TDS Telecom and participates in the wireless infrastructure market through Array Digital Infrastructure, Inc.
On this page, readers can follow TDS announcements about quarterly and annual results, dividend declarations on its common and preferred shares, and share repurchase authorizations. Recent releases describe quarterly operating revenues, net income from continuing operations, and the approval of a share repurchase program, as well as regular dividends on TDS common shares and preferred depositary shares.
TDS news also highlights operating developments at TDS Telecom, such as execution of a fiber broadband strategy, delivery of new marketable fiber service addresses, growth in residential fiber connections and the surpassing of 1 million fiber passings. For Array, company releases describe the completion of the sale of wireless operations and select spectrum assets to T-Mobile, spectrum license sales to other carriers, special dividends, and the evolution of Array as a standalone tower and spectrum-focused business.
Investors and observers can use the TDS news feed to review earnings announcements, transaction updates, capital structure changes, credit agreement amendments and leadership appointments at TDS, TDS Telecom and Array. This historical and ongoing news flow provides context on how TDS manages its broadband, video, voice and wireless infrastructure businesses over time.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will host a conference call on Feb 18, 2022, at 9:00 a.m. CT to discuss their fourth quarter operating results. Financial results will be released after market close on February 17, 2022. Interested participants can access the webcast via the companies' investor relations websites. TDS, which serves approximately 6 million connections nationwide through its subsidiaries, employs around 8,900 associates.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will present at Citi's 2022 Virtual AppsEconomy Conference on January 6, 2022, at 11:00 a.m. EST. Key executives, including TDS's CEOs and Corporate Relations VPs, will participate. The event will be available via live and on-demand webcasts. TDS is a Fortune 1000 company, providing services to approximately 6 million connections nationwide through various subsidiaries, including UScellular and TDS Telecom.
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.