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.
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.
OneNeck IT Solutions has been recognized for the seventh consecutive year in the CRN Tech Elite 250 list. This prestigious recognition celebrates North American IT solution providers with the highest number of advanced technical certifications from leading technology suppliers, adjusted for company size. The selection process involved extensive research by The Channel Company, ensuring only the most qualified providers were honored. OneNeck's commitment to ongoing certification and technical proficiency enables them to deliver outstanding service across various technologies.
Telephone and Data Systems (TDS) and United States Cellular Corporation (UScellular) will host a conference call to discuss their first quarter operating results on May 7, 2021, at 9:00 a.m. CT. Financial results will be released on May 6, 2021, after market close. Interested parties can access the webcast via the companies' investor relations websites. TDS, a Fortune 1000 company, serves approximately 6 million connections nationwide through its subsidiaries. Founded in 1969, TDS is headquartered in Chicago and employed 9,200 people as of December 31, 2020.
TDS (NYSE:TDS) announced that Joseph R. Hanley will lead its Corporate Development Group, succeeding Scott H. Williamson upon his retirement expected mid-year. Hanley, a TDS employee since 1988, brings extensive experience and a strategic perspective, previously overseeing technology and strategy. His leadership will focus on M&A strategies and development efforts. TDS provides telecommunications services to approximately 6 million connections nationwide, employing 9,200 as of December 31, 2020.
Telephone and Data Systems (TDS) announced a public offering of 16,000,000 depositary shares, each representing a 1/1,000th interest in its 6.625% Cumulative Redeemable Perpetual Preferred Stock, Series UU, priced at $25 per share, amounting to $400 million. The offering will close on or about March 2, 2021, and proceeds will fund general corporate purposes, including capital expenditures for its fiber-to-the-home program. The underwriters have a 30-day option to purchase an additional 2,400,000 shares. TDS plans to list the shares on the NYSE under the symbol 'TDSPrU.'
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will participate in three investor conferences in March 2021. The presentations will feature key executives including TDS's and UScellular's CEOs. The conferences are: Raymond James 42nd Institutional Investors Conference on March 2 at 3:00 p.m. EST; Morgan Stanley Technology, Media & Telecom Conference on March 4 at 1:15 p.m. EST; and Deutsche Bank's 29th Annual Media, Internet & Telecom Conference on March 9 at 8:00 a.m. ET. Presentations will be available live and on-demand.
The board of directors of Telephone and Data Systems (TDS) has declared a first quarter 2021 dividend of $0.175 per share, payable on March 31, 2021, to shareholders of record as of March 17, 2021. TDS, a leading telecommunications provider, serves approximately 6 million connections across the U.S. through its subsidiaries, including UScellular and TDS Telecom. With a workforce of 9,200 as of December 31, 2020, TDS remains a significant player in the telecommunications sector.
Telephone and Data Systems (TDS) reported Q4 2020 revenues of $1,376 million, up from $1,336 million year-over-year, with a net income of $14 million compared to $12 million. Full-year revenues for 2020 were $5,225 million, a slight increase from $5,176 million in 2019. UScellular showed growth in service revenues, supported by higher ARPU and reduced churn. TDS Telecom expanded broadband initiatives, driven by remote working demand, and plans to double fiber service addresses in 2021. Estimated service revenues for UScellular in 2021 range from $3,025-$3,125 million.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) are set to present their fourth quarter operating results on February 19, 2021, at 9:00 a.m. central time. The financial results will be released the prior day, February 18, 2021, after market close. The webcast can be accessed through the events pages of TDS and US Cellular's investor relations websites. TDS serves approximately 6 million connections nationwide through its subsidiaries and employed 9,300 people as of September 30, 2020.