TDS Telecom Surpasses 1 Million Fiber Addresses
Rhea-AI Summary
TDS Telecom (NYSE: TDS) has achieved a significant milestone by surpassing 1 million fiber passings, solidifying its position as a national fiber leader. The company has increased its long-term fiber target to 1.8 million addresses, with 95% of the footprint planned to have speeds of at least 1 Gig.
Operating in 31 states with fiber expansion projects in nearly 100 communities, TDS Telecom aims to deliver approximately 150,000 marketable fiber service addresses in 2025. The company's Internal Construction crews will handle over one-third of new fiber address construction this year, operating in six of their most active expansion states.
TDS offers symmetrical fiber internet speeds up to 8 Gig for residents and 10 Gig dedicated connections for businesses, along with a low-cost option called TDS Connect for qualifying customers.
Positive
- Achieved milestone of 1 million fiber passings, joining elite group of premier fiber providers
- Increased long-term fiber target to 1.8 million addresses with 95% having 1 Gig speeds
- Internal Construction crews deliver over 1/3 of new fiber addresses, proving cost-effective
- Offers high-speed symmetrical internet up to 8 Gig residential and 10 Gig business connections
Negative
- None.
News Market Reaction
On the day this news was published, TDS gained 3.17%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Milestone cements company as a national fiber leader
"This is more than a number, it is a reflection of the company's drive to create a better world through reliable fiber connections," said TDS Telecom President and CEO Ken Dixon. "Crossing the one-million mark means our company is in an exclusive club of premier fiber providers that are creating the future today."
The achievement comes about six months after the company raised its long-term fiber target to 1.8 million addresses with
TDS Telecom operates in 31 states with active fiber expansion projects in nearly 100 communities nationwide. The fiber growth has been powered by a combination of private investment and participation in the federal Enhanced Alternative Connect America Cost Model (E-ACAM) program. The new fiber addresses span across more than two dozen states with the larger fiber expansion projects currently happening in the Pacific Northwest and the company's home state of
Network construction has been done through many construction partners and TDS' Telecom's growing Internal Construction crews, which will deliver more than a third of the new fiber addresses constructed by TDS Telecom this year.
"Our Internal Construction crews are currently operating in six of our most active expansion states and they have been doing fantastic work," said Dixon. "We have found it to be a cost-effective and high-quality way to rapidly add fiber locations in areas that need and want fiber connectivity."
All TDS fiber internet products are symmetrical, meaning the upload and download speeds are identical. A variety of speeds are available for residents and businesses up to 8 Gig. With TDS fiber, businesses have the option of a 10 Gig dedicated connection with a service level agreement. TDS Telecom offers a low-cost product called TDS Connect for qualifying customers.
"We're not just building a network—we're building a future," said Dixon. "Fiber internet is the foundation for everything from smart homes to remote work to next-generation business services. And we're just getting started."
TDS Telecom remains on track to reach 1.8 million marketable fiber addresses.
TDS Telecommunications LLC (TDS Telecom/TDS®) delivers high-speed internet, TV entertainment, and phone services to a mix of small to mid-sized urban, suburban and rural communities throughout the
TDS Telecom, headquartered in
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SOURCE TDS Telecommunications LLC