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.
TDS (NYSE:TDS) reported Q2 2025 financial results with total operating revenues of $1,186 million, down from $1,238 million year-over-year. The company posted a reduced net loss of $(5) million, or $(0.05) per share, compared to $(14) million loss in Q2 2024.
Key developments include Array (formerly US Cellular) completing the sale of wireless operations to T-Mobile for $4.3 billion and declaring a $23.00 per share special dividend. TDS Telecom appointed Ken Dixon as President and CEO, delivered 27,000 marketable fiber services addresses, and added 3,900 residential broadband net additions in Q2. Third-party tower revenues increased by 12%.
For 2025, TDS Telecom expects total operating revenues of $1,030-$1,050 million and Adjusted EBITDA of $320-$350 million.
Telephone and Data Systems (NYSE: TDS) has announced its third quarter 2025 dividend distributions. The company declared a quarterly dividend of $0.04 per share for both Common and Series A Common shares, payable on September 30, 2025, to shareholders of record as of September 15, 2025.
Additionally, TDS will pay $414.0625 per share ($0.4140625 per depositary share) on Series UU Preferred shares and $375.0000 per share ($0.3750000 per depositary share) on Series VV Preferred shares, both payable on September 30, 2025, to holders of record on September 15, 2025.
Array Digital Infrastructure (NYSE: USM), formerly United States Cellular Corporation, has declared a special cash dividend of $23.00 per share following the sale of its wireless operations to T-Mobile. The dividend will be paid on August 19, 2025, to shareholders of record on August 11, 2025.
Due to the dividend's size exceeding 25% of the current stock price, shares will trade with "due bills" through the payment date. The ex-dividend date is set for August 20, 2025. Array, now a leading wireless infrastructure operator, owns over 4,400 cell towers nationwide and operates as an 81% owned subsidiary of Telephone and Data Systems (NYSE: TDS).
Array Digital Infrastructure (NYSE: TDS), formerly UScellular, has completed the sale of its wireless operations and select spectrum assets to T-Mobile for $4.3 billion. The deal includes $2.6 billion in cash and $1.7 billion in assumed debt.
Array will retain its 4,400 owned towers, making it the fifth largest tower business in the US. T-Mobile has entered a 15-year Master License Agreement to be a tenant on 2,015 towers and extend leases on 600 existing towers. Douglas W. Chambers has been appointed interim President and CEO, and the company will change its ticker symbol to "AD" on August 12, 2025.
Additionally, Array has agreements with Verizon, AT&T, and two other operators to sell retained spectrum licenses, subject to regulatory approval.
Telephone and Data Systems (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) have scheduled their second quarter 2025 operating results conference call for August 11, 2025, at 9:00 a.m. Central Time. The financial results will be released the same day.
TDS, founded in 1969 and headquartered in Chicago, serves approximately 5.5 million connections nationwide through UScellular and TDS Telecom, offering wireless, broadband, video, and voice services. The company employs about 7,800 associates as of March 31, 2025.
UScellular (NYSE:TDS) has announced plans for a significant special cash dividend of $22.50 - $23.75 per share, totaling approximately $1.950 billion - $2.075 billion. The dividend is contingent upon closing the sale of the company's wireless operations and select spectrum assets to T-Mobile US, Inc.
The company provided a detailed reconciliation of the $4.4 billion gross purchase price, accounting for various deductions including $1.665 billion in senior notes assumption, $865 million in term loan repayments, and other adjustments. Post-transaction, the company will rebrand as Array Digital Infrastructure, Inc., with Doug Chambers serving as interim CEO.
Telephone and Data Systems (TDS), which owns approximately 81% of UScellular, will receive its pro-rata share of the special dividend.
UScellular (NYSE:TDS) announced significant changes as it prepares to complete the sale of its wireless operations to T-Mobile US on August 1, 2025. The company will rebrand as Array Digital Infrastructure and change its NYSE ticker symbol from "USM" to "AD".
The company appointed Douglas W. Chambers, current Executive VP, CFO and Treasurer, as interim President and CEO. In his new role, Chambers will oversee operations related to the company's portfolio of 4,400 owned towers, noncontrolling investments, and retained wireless spectrum.
Additionally, the company expects to distribute a special cash dividend between $22.50 - $23.75 per Common Share and Series A Common Share following the wireless operations sale closure.
UScellular (NYSE: USM) and Telephone and Data Systems (NYSE: TDS) have received Federal Communications Commission (FCC) approval for their transaction with T-Mobile US, Inc. The deal involves the sale of UScellular's wireless operations and select spectrum assets.
UScellular currently serves 4.4 million retail connections across 21 states and employs 4,100 associates. TDS owns approximately 83% of UScellular as of Q1 2025.
United States Cellular (NYSE: USM) and Telephone and Data Systems (NYSE: TDS) announced that the US Department of Justice Antitrust Division has concluded its investigation into their proposed transaction with T-Mobile. The deal still requires Federal Communications Commission (FCC) approval, and both companies are actively working with the FCC during their independent review process.