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Array Digital Infrastructure, Inc. (USM), formerly United States Cellular Corporation, reports news on its transition after the completed sale of the UScellular wireless operations and its corporate name change. Recurring developments include capital-structure actions such as special dividends and due-bill trading mechanics, operating and financial results, material agreements, shareholder matters, governance updates, and its ownership relationship with Telephone and Data Systems.
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.