Welcome to our dedicated page for United States news (Ticker: USM), a resource for investors and traders seeking the latest updates and insights on United States stock.
Array Digital Infrastructure, Inc. (NYSE: USM), formerly United States Cellular Corporation, generates news that reflects its transformation from a wireless carrier into a tower- and infrastructure-focused company. This news page aggregates press releases and media coverage related to the company’s operating results, strategic transactions, and corporate actions under both the UScellular and Array names.
Readers can find updates on quarterly financial results, where the company reports operating revenues, service revenues, equipment sales, operating income, and cash flows. These releases often include detailed operating metrics such as postpaid and prepaid connections, average revenue per user (ARPU), average revenue per account (ARPA), churn rates, handset upgrade rates, and tower-related statistics like the number of owned towers, colocations, and tower tenancy rates.
The news flow also covers major corporate events, including the sale of UScellular’s wireless operations and select spectrum assets to T-Mobile US, Inc., the subsequent name change to Array Digital Infrastructure, Inc., and the company’s agreements to sell additional spectrum licenses to Verizon, AT&T subsidiaries, and other mobile network operators. Announcements about special cash dividends, expected dividend ranges, and the mechanics of due bills and ex-dividend dates provide insight into how transaction proceeds and excess cash are distributed to shareholders.
In addition, this page includes notices about regulatory milestones, such as approvals from the Federal Communications Commission and updates from the U.S. Department of Justice Antitrust Division related to the T-Mobile transaction. Investors can also review information about planned conference calls, webcasts for quarterly results, leadership changes, and the planned change of the company’s ticker symbol. For anyone tracking USM, this news archive offers a consolidated view of the company’s evolution and ongoing activities.
UScellular has announced a $300,000 donation to JASON Learning for the third consecutive year, aimed at enhancing STEM education accessibility. The funds will support JASON’s remote-based curriculum, which is vital as many students adapt to new learning environments. UScellular previously collaborated with JASON to develop the "Connected Storm Sanctuary" challenge, encouraging innovative disaster response solutions from students. Despite pandemic-related challenges, JASON Learning continues to provide engaging online STEM content, emphasizing the importance of equitable access to quality education for all students.
UScellular, the only carrier that pays customers back for unused data, announced preorders for the Google Pixel 5 starting Oct. 8, with availability on Oct. 29. Additionally, preorders for the Google Pixel 4a (5G) will begin on Oct. 29, launching on Nov. 19. The Pixel 5 will be available at $23.30/month, while the Pixel 4a (5G) will cost $16.63/month on 30-month installment plans. These devices enhance UScellular's 5G lineup, which is expanding coverage to various states, ensuring customers can leverage fast 5G speeds.
UScellular has introduced its Failover Internet Solution, designed to ensure uninterrupted internet connectivity for businesses and government entities. This solution leverages reliable wireless backup, enhancing their previous offerings. It aims to mitigate delays caused by network disruptions, which can affect a company's reputation and operational efficiency. With costs under $2 per day and no upfront hardware fees, the service includes automatic application support and a 14-day satisfaction guarantee.
Telephone and Data Systems (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will participate in a fireside chat hosted by Morgan Stanley on August 20, 2020, at 3:30 p.m. EDT. Key executives, including LeRoy T. Carlson Jr. and Douglas W. Chambers, will be present. The chat will be available for live streaming and on-demand viewing. TDS provides wireless and broadband services to approximately 6 million connections across the U.S., employing around 9,300 people as of June 30, 2020.
U.S. Cellular reported operating revenues of $973 million for Q2 2020, matching last year's figures. However, service revenues declined by 1% to $753 million. Their net income rose to $68 million or $0.78 per diluted share, compared to $31 million or $0.35 a year earlier. The company continues its focus on 5G expansion and maintaining network quality, recognized as #1 in the North Central Region in J.D. Power’s 2020 study. Full-year revenue estimates remain unchanged, signaling stability amid pandemic challenges.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will host a conference call to discuss their second-quarter operating results on August 7, 2020, at 9:00 AM Central Time. The financial results will be released the prior day, August 6, 2020, after market close. Stakeholders can access the webcast live or on-demand via their respective investor relations websites. TDS, a Fortune 1000® company, provides various telecommunications services to approximately 6 million connections nationwide, employing about 9,400 people as of March 31, 2020.