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.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will participate in three upcoming investor conferences in March 2023. The first is the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 4:30 PM ET. The second is the Raymond James 44th Annual Institutional Investors Conference on the same day at 7:30 AM ET. Finally, TDS will attend the New Street Second Annual Fiber to the Future Conference on March 28, 2023, at 2:55 PM ET. Presentations will be available via webcast. For more information, visit investors.tdsinc.com and investors.uscellular.com.
Telephone and Data Systems (TDS) and United States Cellular (UScellular) announced their participation in three upcoming investor conferences. On March 8, 2023, TDS executives will present at the Morgan Stanley Technology, Media & Telecom Conference at 4:30 PM ET and at the Raymond James 44th Annual Institutional Investors Conference at 7:30 AM ET. Additionally, TDS will participate in the New Street Second Annual Fiber to the Future Conference on March 28, 2023, at 2:55 PM ET. All presentations will be available via webcast. TDS, a Fortune 1000 company, provides services to approximately 6 million connections nationwide.
Telephone and Data Systems (TDS) has declared a quarterly dividend of $0.185 per Common Share and Series A Common Share for Q1 2023. This marks the 49th consecutive year of dividend increases. Additionally, dividends for preferred shares include $414.0625 for Series UU and $375.0000 for Series VV. These dividends will be payable on March 31, 2023, to shareholders on record as of March 15, 2023. TDS provides essential telecommunications services to approximately 6 million connections nationwide and employs about 9,300 people.
UScellular reported fourth-quarter 2022 total operating revenues of $1,048 million, a slight decline compared to $1,068 million in Q4 2021. The company experienced a net loss of $28 million or ($0.33 per share) compared to a profit of $27 million or $0.31 per share a year earlier. For the full year, total revenues were $4,169 million, up from $4,122 million in 2021, but net income dropped to $30 million from $155 million. UScellular aims for significant growth in 2023 with estimated service revenues of $3,050-$3,150 million and a focus on enhancing 5G capabilities. The company will hold a conference call on February 17, 2023.
Telephone and Data Systems, TDS, reported Q4 2022 revenues of $1,357 million, down from $1,372 million year-over-year. The company experienced a net loss of $(43) million or $(0.38 per share, compared to $14 million and $0.11 per share in Q4 2021. For the entire year of 2022, total operating revenues reached $5,413 million, a slight increase from $5,329 million in 2021, but net income fell to $(7) million from $117 million. TDS Telecom added 133,000 new marketable fiber addresses in 2022 and aims to reach 1.2 million by 2026. Estimated full-year 2023 results project service revenues for UScellular between $3,050-$3,150 million.
OneNeck IT Solutions, a provider of hybrid IT and multi-cloud solutions, has received the 2022 High Impact Award from Infinidat for achieving the highest percentage increase in partner-led account executives. This award recognizes OneNeck's significant growth in its storage portfolio, which features Infinidat's enterprise-grade solutions. OneNeck's commitment lies in optimizing hybrid IT performance and offering cost-effective data storage for enterprise customers. The company, a subsidiary of Telephone and Data Systems, employs 450 people across several states and continues to enhance its service offerings in the multi-cloud realm.
Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) announced their fourth quarter operating results conference call scheduled for February 17, 2023, at 9:00 a.m. central time. The financial results will be released on February 16, 2023, after market close. Interested parties can access the live and on-demand webcast via the respective investor relations websites. TDS, a Fortune 1000 company, provides various telecommunications services to approximately 6 million connections in the U.S. and employs around 9,200 associates.
OneNeck IT Solutions has been honored as the Global and Americas Service Provider of the Year by Nutanix, recognizing its commitment and success in delivering hybrid IT and multi-cloud solutions.
With over 150 Nutanix certifications, OneNeck offers ReliaCloud, a robust hosting service featuring a security-first approach and a 100% SLA for availability.
OneNeck's solutions focus on customer experience, cost-effectiveness, and timely service delivery, reinforcing its position as a leader in the cloud services sector amidst growing demand.
On January 24, 2023, OneNeck IT Solutions was named the first North American service provider to achieve Champion status in the Nutanix Elevate Service Provider Program. This prestigious recognition underscores OneNeck's commitment, demonstrated by over 150 certifications and their robust Nutanix-powered ReliaCloud solution. As a dual Champion in both the Elevate Service Provider and Reseller Partner Programs, OneNeck provides a secure, scalable cloud service backed by a 100% SLA. The partnership with Nutanix enhances OneNeck's ability to meet evolving customer needs in a rapidly growing cloud services market.
Telephone and Data Systems (TDS) and United States Cellular (UScellular) will present at Citi's 2023 Communications, Media & Entertainment Conference on January 5, 2023, at 8:45 a.m. Mountain Time. Key executives participating include TDS Telecom President and CEO James W. Butman, UScellular CFO Douglas W. Chambers, and TDS VP of Corporate Relations Colleen Thompson. The presentation will be available via live and on-demand webcast. Attendees are encouraged to register early to access the presentation smoothly.