Telephone & Data Sys Inc Stock Price, News & Analysis

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.

TDS (NYSE: TDS) has appointed Ken Dixon as the new President and CEO of TDS Telecommunications LLC (TDS Telecom), effective June 9, 2025. Dixon succeeds Jim Butman, who is retiring after 40 years of service, including 7 years as TDS Telecom's leader. Dixon brings 33 years of telecommunications experience, primarily from Verizon Communications where he served as President of Consumer Markets, overseeing a $13 billion consumer business. Most recently, he was CEO of Tillman FiberCo. Under Butman's leadership, TDS Telecom achieved significant milestones, including surpassing $1 billion in revenues and 500,000 broadband subscribers. Dixon's appointment aligns with TDS Telecom's transformation strategy, particularly in fiber broadband expansion and rural connectivity.

Telephone and Data Systems (NYSE: TDS) has declared its second quarter 2025 dividends for multiple share classes. The company will pay:

• $0.04 per Common Share and Series A Common Share, payable June 30, 2025 (record date: June 16)
• $414.0625 per Series UU Preferred share ($0.4140625 per depositary share), payable June 30, 2025 (record date: June 15)
• $375.0000 per Series VV Preferred share ($0.3750000 per depositary share), payable June 30, 2025 (record date: June 15)

Telephone and Data Systems (NYSE: TDS) has announced it will webcast its 2025 Annual Meeting of Shareholders. The meeting is scheduled for May 22, 2025, at 9:00 a.m. Central time. Shareholders and interested parties can access the webcast through the Events & Presentations page on investors.tdsinc.com. The meeting will be available both as a live stream and on-demand recording. Participants are advised to register at least 15 minutes before the meeting starts to ensure proper setup of necessary streaming software.

TDS reported Q1 2025 financial results with total operating revenues of $1,154 million, down from $1,262 million year-over-year. The company posted a net loss of $10 million ($(0.09) per share) compared to net income of $12 million ($0.10 per share) in Q1 2024. Key highlights include UScellular's improved postpaid handset performance and 6% increase in third-party tower rental revenues. TDS Telecom saw a 3% revenue decline due to non-strategic asset divestitures but added 14,000 marketable fiber services addresses and gained 2,800 residential broadband net additions. Notably, TDS is proceeding with the previously announced sale of UScellular's wireless operations to T-Mobile, expected to close in mid-2025. The company maintains its 2025 guidance for TDS Telecom with total operating revenues of $1,030-$1,070 million and Adjusted EBITDA of $320-$360 million.

Telephone and Data Systems (TDS) and its subsidiary UScellular (USM) have announced they will release their first quarter operating results on May 2, 2025. The companies will host a joint conference call and webcast at 9:00 a.m. Central Time on the same day.

TDS, founded in 1969 and headquartered in Chicago, provides wireless, broadband, video, and voice services to approximately 5.5 million connections nationwide through UScellular and TDS Telecom. The company employed around 7,900 associates as of December 31, 2024.

Investors can access the webcast through the events & presentations pages on investors.tdsinc.com or investors.uscellular.com. Participants are advised to register at least 15 minutes before the presentation to ensure proper setup of necessary streaming software.

US Signal has been named to CRN's 2025 Tech Elite 250 list for the second consecutive year, recognizing top solution providers in the US and Canada with distinguished certifications in AI, infrastructure, cloud, and security. The company reported significant growth in 2024, marked by strategic acquisitions including data centers in Indianapolis and Detroit, and the completion of its OneNeck IT Solutions acquisition from Telephone and Data Systems (TDS).

The company launched OpenCloud, a new Infrastructure-as-a-Service product, and maintains certifications from vendors including Acronis, Cisco, Cohesity, Microsoft, Veeam, VMware, Epic, and Zerto. US Signal expanded its partner network in 2024, welcoming Insight, Cato Networks, Alianza, and Shapeblue.