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.
Telephone and Data Systems Inc (TDS) provides investors and stakeholders with centralized access to official corporate communications through this comprehensive news hub. Track all material developments across the company's wireless, broadband, and managed IT service divisions.
This resource aggregates TDS's financial announcements, operational updates, and strategic initiatives including UScellular network expansions, TDS Telecom fiber deployments, and OneNeck IT Solutions innovations. Users gain immediate access to earnings reports, leadership changes, partnership announcements, and technology milestones.
Maintain informed perspectives on TDS's market position through verified updates about service expansions, regulatory developments, and infrastructure investments. All content is sourced directly from company disclosures to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined monitoring of TDS's evolving telecommunications strategies and operational performance across consumer and enterprise markets.
Calix, Inc. (NYSE: CALX) has appointed Wade Oosterman, former vice chairman of Bell Canada and president of Bell Media, to its board of directors. Oosterman brings over 30 years of experience in the telecommunications industry, having played pivotal roles in major Canadian telecom companies. His expertise in driving profitable growth and transformation is expected to strengthen Calix's market leadership amid the ongoing broadband industry disruption.
Oosterman's appointment aligns with Calix's mission to help broadband service providers (BSPs) simplify their business, innovate for subscribers, and grow value for their communities. His experience includes serving on boards of companies like Stagwell, Inc. (NASDAQ: STGW) and Telephone Data Systems Inc. (NYSE: TDS). Oosterman's strategic leadership at BCE contributed to its current $31 billion market capitalization and commanding position in Canada's telecom industry.
The board of directors of Telephone and Data Systems (NYSE: TDS), a major telecommunications provider, has declared third-quarter 2024 dividends.
The company will pay a quarterly dividend of $0.04 per Common Share and Series A Common Share, payable on September 30, 2024, to holders of record on September 16, 2024.
For the Series UU Preferred Shares, a dividend of $414.0625 per share will be paid, equating to $0.4140625 per depositary share, payable on September 30, 2024, to holders of record on September 15, 2024.
For the Series VV Preferred Shares, a dividend of $375.0000 per share will be paid, equating to $0.3750000 per depositary share, payable on September 30, 2024, to holders of record on September 15, 2024.
The tickers are TDS for Common shares, TDSPrU for Series UU depositary shares, and TDSPrV for Series VV depositary shares.
TDS reported Q2 2024 results with total operating revenues of $1,238 million, down from $1,267 million in Q2 2023. Net loss attributable to TDS common shareholders improved to $(14) million from $(19) million year-over-year. Key highlights include:
- UScellular announced sale of wireless operations and select spectrum assets to T-Mobile
- UScellular's postpaid ARPU grew 2% while service revenues decreased 2%
- TDS Telecom grew total service address footprint by 10% year-over-year
- TDS Telecom's operating revenues increased 4% with 7% residential revenue growth
- TDS updated 2024 guidance for TDS Telecom, raising Adjusted OIBDA and Adjusted EBITDA estimates to $330-$360 million
Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular (NYSE: USM) have announced their upcoming second quarter operating results conference call, scheduled for August 2, 2024, at 9:00 a.m. Central Time. The companies will release their financial results before the market opens on the same day. Investors can access the webcast through the events & presentations pages on the respective company websites. TDS, founded in 1969 and headquartered in Chicago, provides wireless, broadband, video, voice, and IT services to approximately 6 million connections nationwide through its subsidiaries UScellular, TDS Telecom, and OneNeck IT Solutions. As of March 31, 2024, TDS employed about 8,600 associates.
TDS Telecom, based in Madison, Wisconsin, is set to launch a new mobile phone product, expanding into the Mobile Virtual Network Operator (MVNO) market through partnerships within the National Content & Technology Cooperative (NCTC). The product, branded as TDS Mobile, will initially be available exclusively to TDS internet customers before a broader rollout. TDS Mobile will leverage a nationwide 5G network, promising extensive coverage at competitive prices. Partnering with Reach, a software-as-a-service platform, TDS aims to simplify and expedite the product launch. The announcement aligns with TDS Telecom's strategy to diversify its service portfolio and enhance market presence. Detailed product information and customer notifications will be forthcoming.
US Signal Company has signed an agreement to acquire OneNeck IT Solutions and OneNeck Data Center Holdings from Telephone and Data Systems (NYSE: TDS). The acquisition will increase US Signal's data centers from nine to 15, extending their footprint to the West Coast and tripling their commercial power under management. The deal is expected to close in Q3 2024, with no terms disclosed. OneNeck provides hybrid IT and multi-cloud solutions through data centers in six states and serves over 1,000 customers in various sectors. US Signal operates a 9,500-route mile fiber network and nine data centers in the Midwest. The acquisition is anticipated to enhance customer service and innovation while supporting growth in the U.S. middle market.
On June 3, 2024, Telephone and Data Systems (NYSE: TDS) announced the sale of its subsidiaries OneNeck IT Solutions and OneNeck Data Center Holdings to US Signal Company. This agreement involves transferring all OneNeck operations, including data centers and cloud hosting solutions. The transaction, which is subject to customary closing conditions, is expected to complete in Q3 2024. While financial terms were not disclosed, TDS plans to use the sale proceeds to support its fiber program, aiming to enhance broadband connectivity across US communities. This strategic move aligns with TDS's goal to optimize asset allocation and improve competitiveness.
T-Mobile (NASDAQ: TMUS) announced its acquisition of UScellular’s wireless operations, including customers, stores, and certain spectrum assets. This move aims to enhance T-Mobile’s 5G network, especially in rural areas, offering improved connectivity and value-packed plans. The transaction, valued at approximately $4.4 billion, comprises cash and up to $2 billion of debt assumption. T-Mobile expects around $1 billion in annual cost synergies post-integration, with completion anticipated by mid-2025. The acquisition promises to spur competition, improve customer experiences, and expand T-Mobile's market reach.
Telephone and Data Systems (NYSE: TDS) announced its board approved the sale of UScellular's wireless operations and 30% of its spectrum assets to T-Mobile for $4.4 billion, including cash and assumed debt. This decision follows a strategic review started in August 2023 and aims to provide significant value to UScellular customers and shareholders. TDS will receive proceeds proportionate to its ownership and plans to invest in fiber infrastructure and reduce leverage. Additionally, TDS announced dividends for Q2 2024. The transaction requires regulatory approval and is expected to close in mid-2025.
UScellular will retain 70% of its spectrum assets and continue to generate revenue from its tower business with T-Mobile as a key tenant. TDS is adjusting its capital allocation strategy to support fiber expansion.
UScellular and TDS have agreed to sell UScellular's wireless operations and select spectrum assets to T-Mobile for $4.4 billion, consisting of cash and assumed debt. The transaction includes 30% of spectrum assets and a new Master License Agreement (MLA) for over 2,000 towers. UScellular retains its 4,400 towers and 70% of its spectrum assets. The deal aims to enhance service for UScellular customers with T-Mobile's resources, including better prices and network improvements. The transaction, approved by both companies' boards, is expected to close by mid-2025, pending regulatory approvals.
FAQ
What is the current stock price of Telephone & Data Sys (TDS)?
What is the market cap of Telephone & Data Sys (TDS)?
