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Telephone and Data Systems (TDS) and its subsidiary UScellular (USM) have announced they will release their first quarter operating results on May 2, 2025. The companies will host a joint conference call and webcast at 9:00 a.m. Central Time on the same day.

TDS, founded in 1969 and headquartered in Chicago, provides wireless, broadband, video, and voice services to approximately 5.5 million connections nationwide through UScellular and TDS Telecom. The company employed around 7,900 associates as of December 31, 2024.

Investors can access the webcast through the events & presentations pages on investors.tdsinc.com or investors.uscellular.com. Participants are advised to register at least 15 minutes before the presentation to ensure proper setup of necessary streaming software.

UScellular (NYSE: USM) has announced the postponement of its 2025 Annual Meeting of Shareholders, which was originally scheduled for May 20, 2025. The delay is attributed to the timing of the company's pending transaction with T-Mobile US, expected to close in mid-2025, subject to regulatory approval and customary closing conditions.

As a result of this postponement, UScellular will file a Form 10-K/A to amend its Annual Report on Form 10-K for the year ended December 31, 2024. This amendment will include certain items that would have typically been incorporated by reference from the Proxy Statement. The new meeting date has not yet been determined, with the company promising to provide updates when available.

UScellular (NYSE: USM) reported Q4 2024 operating revenues of $970 million, down from $1,000 million in Q4 2023. Q4 2024 net income was $5 million ($0.05 per share), compared to $14 million ($0.16 per share) in Q4 2023.

For full-year 2024, total operating revenues were $3,770 million, down from $3,906 million in 2023. The company reported a net loss of $39 million (-$0.46 per share) for 2024, compared to net income of $54 million ($0.63 per share) in 2023. Excluding a Q3 2024 license impairment of $136 million ($102 million after tax), adjusted net income was $63 million ($0.71 per share).

Key 2024 highlights include announced transactions with T-Mobile and spectrum deals with various operators, improved postpaid and prepaid churn, 27% growth in fixed wireless customers, and increased cash flows. The company repurchased 939,999 Common Shares for $55 million during 2024.

Telephone and Data Systems (TDS) and United States Cellular (USM) have announced they will release their fourth quarter operating results on February 21, 2025. The companies will host a conference call and webcast at 9:00 a.m. Central Time on the same day.

TDS, founded in 1969 and headquartered in Chicago, provides wireless, broadband, video, and voice services to approximately 6 million connections nationwide through its businesses, UScellular and TDS Telecom. As of September 30, 2024, the company employed approximately 8,000 associates.

Investors can access the webcast through the events & presentations pages of investors.tdsinc.com or investors.uscellular.com. Registration is recommended at least 15 minutes before the start time.

Telephone and Data Systems (TDS) announced significant leadership changes effective February 1, 2025. Walter C. D. Carlson, current Board Chair, will succeed LeRoy T. Carlson, Jr. as President and CEO. Carlson Jr. will transition to a newly created Vice Chair position focusing on enterprise strategy while maintaining his role as Chair of the Board of UScellular.

Walter Carlson, who has served on the TDS Board since 1981 and as non-executive Chair since 2002, brings extensive experience in guiding TDS through wireless industry development, UScellular's growth, and TDS Telecom's transformation into a broadband company. Additionally, Christopher D. O'Leary, a board member since 2006, has been appointed as Lead Independent Director.

Walter Carlson's professional background includes 44 years at Sidley Austin LLP, where he was a partner for 37 years and served on its Executive Committee from 2002-2018. He holds degrees from Yale University and Harvard Law School.

TDS and UScellular have announced their participation in two upcoming conferences. At the Wells Fargo 8th Annual TMT Summit Conference on December 3, 2024, UScellular's CFO Doug Chambers will present at 1:15 p.m. ET. Subsequently, at the Raymond James 2024 TMT and Consumer Conference on December 9, 2024, TDS Telecom President Jim Butman and UScellular VP Fred Lubeley will present at 1:40 p.m. ET.

TDS serves approximately 6 million connections nationwide through UScellular and TDS Telecom. UScellular currently maintains 4.5 million retail connections across 21 states, with TDS owning approximately 83% of UScellular as of Q3 2024.

UScellular has announced an agreement to sell select spectrum assets to AT&T for $1.018 billion. The deal involves 1,250 million MHz-Pops of 3.45 GHz and 331 million MHz-Pops of 700 MHz B/C block licenses. This transaction is part of UScellular's strategy to monetize spectrum not included in the T-Mobile sale. Following this and previously announced transactions, UScellular will have agreements to monetize about 70% of its total spectrum holdings, representing approximately $2.02 billion in total consideration. The company will retain 1.86 billion MHz-Pops of low and mid-band spectrum, plus 17.2 billion MHz-Pops of mmWave spectrum.

UScellular (NYSE:USM) reported Q3 2024 results with total operating revenues of $922 million, down from $963 million year-over-year. Service revenues decreased to $747 million from $762 million. The company reported a net loss of $79 million ($0.92 per share), compared to net income of $23 million ($0.26 per share) in Q3 2023. The results include a $136 million license impairment charge related to high-band spectrum. The company announced spectrum sales worth $1 billion to Verizon and additional sales to other operators. Based on improving metrics, UScellular raised its 2024 Adjusted EBITDA guidance to $970-$1,045 million.

Telephone and Data Systems (TDS) and United States Cellular (USM) announced they will release their third quarter operating results on November 1, 2024. The companies will host a conference call and webcast at 9:00 a.m. Central Time on the same day. TDS provides wireless, broadband, video, and voice services to approximately 6 million connections nationwide through UScellular and TDS Telecom. The company, founded in 1969 and headquartered in Chicago, employed about 8,500 associates as of June 30, 2024.