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) 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.
The board of directors of Telephone and Data Systems (NYSE: TDS) has declared dividends for Q3 2021. Common and Series A shareholders will receive a quarterly dividend of $0.175 per share. Additionally, holders of Series UU Preferred Shares will receive $414.0625 per share, with depositary share holders receiving $0.4140625. These dividends are payable on September 30, 2021, to stockholders of record as of September 15. TDS provides a range of telecommunications services nationwide.
On August 10, 2021, Telephone and Data Systems (TDS) priced an offering of 24 million depositary shares, each representing a 1/1,000th interest in its 6.000% Cumulative Redeemable Perpetual Preferred Stock, Series VV, at an aggregate price of $600 million. TDS plans to use the proceeds to redeem $116.3 million of senior notes and $125 million of borrowings under a revolving credit agreement, along with general corporate purposes, including funding capital expenditures for its fiber-to-the-home program. The offering is expected to close around August 16, 2021.
TDS reported Q2 2021 total operating revenues of $1,311 million, up from $1,263 million a year ago. However, net income fell to $20 million or $0.17 per share from $65 million or $0.56 per share in Q2 2020. The company expressed optimism regarding its 5G initiatives and fiber expansion, with broadband connections increasing and 1Gig speeds available to over half of service addresses. Full-year estimates remain unchanged for both UScellular and TDS Telecom.
Telephone and Data Systems, Inc. (TDS) and United States Cellular Corporation (UScellular) will hold a conference call to discuss their second quarter operating results on August 6, 2021, at 9:00 a.m. CT. Financial results will be released on August 5, 2021, after market close. Investors can access the live and on-demand webcast via the companies' investor relations websites. TDS serves approximately 6 million connections nationwide in wireless, broadband, and managed services, employing about 9,100 associates.
OneNeck IT Solutions has been recognized on CRN's 2021 Solution Provider 500 list for the seventh consecutive year. This list ranks the top 500 solution providers across North America based on revenue. In 2020, companies on the list collectively generated $403 billion, marking a 3% increase from the previous year's $393 billion. OneNeck's CEO, Terry Swanson, attributed this recognition to the expertise of their employees in navigating the hybrid IT landscape. The complete list is accessible via CRN's website.
On May 21, 2021, Telephone and Data Systems (TDS) announced its second quarter 2021 dividends, declaring a quarterly dividend of $0.175 per Common and Series A Common Share, payable on June 30, 2021, to shareholders on record as of June 15, 2021. Additionally, TDS will pay $552.0833 per share on its 6.625% Series UU Preferred Shares, equating to $0.5520833 per depositary share. TDS connects approximately 6 million users through its subsidiaries, including UScellular and TDS Telecom.
Telephone and Data Systems and United States Cellular Corporation announced their upcoming Annual Meetings of Shareholders. UScellular's meeting is scheduled for May 18, 2021, at 8:30 a.m. Central time, while TDS' meeting will occur on May 20, 2021, at 9:00 a.m. Central time. Both meetings will be webcast live and available on-demand. Interested participants should register at least 15 minutes before the meetings. TDS serves around 6 million connections through its various businesses.
TDS reported a strong first quarter of 2021 with total operating revenues of $1,318 million, up from $1,261 million year-on-year. Net income was $57 million, or $0.48 per diluted share, down from $69 million or $0.59 per share in Q1 2020. UScellular saw increased service revenues and significant growth in residential customers for TDS Telecom, which also reported robust broadband service expansion plans. Estimated full-year results show positive adjustments for both UScellular and TDS Telecom, with reaffirmed capital expenditures.