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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, 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.
Telephone and Data Systems (TDS) announced the promotion of Ilan Pragaspathy to Vice President of Financial Analysis and Strategic Planning on December 7, 2022. Pragaspathy, who joined TDS in 2018, has a strong background in corporate strategy and finance. His new role will focus on enterprise long-range strategic planning, budgeting, forecasting, and business performance analysis. TDS, a Fortune 1000 company, provides various telecom services nationwide, employing around 9,200 associates as of September 30, 2022.
Telephone and Data Systems (TDS) and United States Cellular (UScellular) will jointly present at the Raymond James 2022 Technology Investors Conference in New York on December 7, 2022, at 10:20 a.m. ET. Key executives attending include UScellular President and CEO LT Therivel, TDS Telecom CFO Michelle Brukwicki, and TDS Corporate Relations VP Colleen Thompson. The presentation will be available live and on-demand. TDS provides services to around 6 million connections nationwide, while UScellular has 4.8 million retail connections in 21 states.
The board of Telephone and Data Systems (TDS) has declared dividends for Q4 2022. A quarterly dividend of $0.18 per Common Share and Series A Common Share will be paid on December 30, 2022, to holders of record as of December 15, 2022. Preferred dividends include $414.0625 for Series UU shares and $375.0000 for Series VV shares, both payable on December 31, 2022. TDS serves approximately 6 million connections through its subsidiaries, employing about 9,200 associates.
TDS reported total operating revenues of $1,392 million for Q3 2022, up from $1,328 million a year earlier. However, the company faced a net loss of $25 million or $(0.22) per share, compared to a profit of $28 million or $(0.24) in the same period last year. Investments in growth initiatives impacted profitability. UScellular's ARPU growth remained strong despite challenges in postpaid subscriber growth. TDS Telecom is expanding its fiber footprint, targeting 1.2 million fiber service addresses by 2026. A conference call is scheduled for November 4, 2022.
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