United States Stock Price, News & Analysis

Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will participate in three upcoming investor conferences in March 2023. The first is the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 4:30 PM ET. The second is the Raymond James 44th Annual Institutional Investors Conference on the same day at 7:30 AM ET. Finally, TDS will attend the New Street Second Annual Fiber to the Future Conference on March 28, 2023, at 2:55 PM ET. Presentations will be available via webcast. For more information, visit investors.tdsinc.com and investors.uscellular.com.

Telephone and Data Systems (TDS) and United States Cellular (UScellular) announced their participation in three upcoming investor conferences. On March 8, 2023, TDS executives will present at the Morgan Stanley Technology, Media & Telecom Conference at 4:30 PM ET and at the Raymond James 44th Annual Institutional Investors Conference at 7:30 AM ET. Additionally, TDS will participate in the New Street Second Annual Fiber to the Future Conference on March 28, 2023, at 2:55 PM ET. All presentations will be available via webcast. TDS, a Fortune 1000 company, provides services to approximately 6 million connections nationwide.

UScellular reported fourth-quarter 2022 total operating revenues of $1,048 million, a slight decline compared to $1,068 million in Q4 2021. The company experienced a net loss of $28 million or ($0.33 per share) compared to a profit of $27 million or $0.31 per share a year earlier. For the full year, total revenues were $4,169 million, up from $4,122 million in 2021, but net income dropped to $30 million from $155 million. UScellular aims for significant growth in 2023 with estimated service revenues of $3,050-$3,150 million and a focus on enhancing 5G capabilities. The company will hold a conference call on February 17, 2023.

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.

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.

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.

United States Cellular Corporation (NYSE: USM) announced the appointments of Douglas W. Chambers and James W. Butman to its Board of Directors, effective January 1, 2023. Chambers, currently CFO of UScellular, has over 25 years of financial experience. Butman has been President and CEO of TDS Telecom since 2018. Their addition brings the insider to external directors' ratio to 7-to-6, aligning with TDS' controlling interest in UScellular. The Board aims to leverage their expertise for long-term success.

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.