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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.
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Telephone and Data Systems, Inc. (TDS) and United States Cellular (USM) will be webcasting their Annual Meetings of Shareholders in May 2024. UScellular's meeting is on May 21 at 8:30 a.m. Central time, and TDS' meeting is on May 22 at 9:00 a.m. Central time. Investors can access the webcasts on the Events & Presentations pages of investors.tdsinc.com or investors.uscellular.com. Registration is recommended at least 15 minutes before each meeting.
TDS Telecom reported strong financial results in its first quarter earnings report, with a 5% increase in total operating revenues and profitability. The company surpassed 100,000 residential broadband connections in its expansion markets and added 28,000 marketable fiber service addresses. TDS Telecom is on track to reach its goal of 125,000 addresses for the year, with total service addresses growing by 12% year over year. The company is making progress on its long-term fiber strategy, aiming for 1.2 million marketable fiber service addresses and speeds of 1 Gig or higher to at least 80% of its footprint. Demand for higher broadband speeds is increasing, with 78% of customers taking 100 Mbps or greater. TDS Telecom saw a 6% growth in residential broadband connections year-over-year and a 10% increase in total residential revenue.
Telephone and Data Systems, Inc. (TDS) secured a $375 million unsecured debt financing with Oaktree Capital Management, L.P. The funds will be used for TDS Telecom's fiber build program to reach 1.2 million marketable fiber service addresses. The transaction maintains TDS' low-cost, long-dated capital structure with a slight increase in cost of debt and preferred equity. The 5-year loan offers flexibility for early repayment and interest at SOFR +7%.
Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,262 million for the first quarter of 2024, with net income of $12 million and diluted earnings per share of $0.10. UScellular saw a decrease in service revenues but growth in postpaid ARPU and significant improvements in profitability. TDS Telecom had strong revenue and profitability growth due to broadband investments, exceeding 100,000 residential broadband connections in expansion markets.
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