United States Stock Price, News & Analysis

UScellular reported Q3 2022 total operating revenues of $1,083 million, an increase from $1,016 million year-over-year. However, service revenues fell to $781 million from $788 million year-over-year. The company posted a net loss of $12 million or $(0.15) per share, compared to a profit of $34 million or $0.38 per share in Q3 2021. UScellular anticipates full-year 2022 service revenues between $3,100-$3,150 million and adjusted EBITDA of $925-$1,000 million. A conference call is scheduled for November 4, 2022.

Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will release their third quarter financial results on November 3, 2022, after market close. A conference call to discuss these results will take place on November 4, 2022, at 9:00 a.m. CT. Investors can access the webcast through the companies' investor relations websites. TDS provides various telecommunications services to around 6 million customers through its subsidiaries, employing approximately 8,900 associates as of June 30, 2022.

United States Cellular Corporation (NYSE:USM) announced the appointment of Xavier D. Williams to its Board of Directors, effective January 1, 2023. Williams, who takes over from J. Samuel Crowley after 24 years of service, brings over 30 years of telecommunications experience. Currently the CEO of Network Wireless Solutions, he has held significant roles at AT&T, including leadership of a nationwide wireless broadband network. The board expressed excitement about Williams' diverse background and anticipated his valuable contributions to the company.

UScellular (NYSE: USM) has appointed Rebecca Murphy Thompson as the new vice president of government affairs as of August 29, 2022. With over 20 years of experience, she will lead the company’s federal regulatory efforts. Her prior roles include executive vice president at the Competitive Carriers Association and head of North America policy communications for Twilio. UScellular aims to leverage her expertise to enhance connectivity for underserved populations, aligning with its strategic goals.

UScellular reported total operating revenues of $1,027 million for Q2 2022, a slight increase from $1,014 million in Q2 2021. Service revenues rose to $783 million, up from $774 million year-over-year. However, net income fell to $21 million or $0.25 per share compared to $35 million or $0.39 in the same quarter last year. The company reaffirmed its 2022 guidance, estimating full-year service revenues between $3,100 million and $3,200 million and adjusted EBITDA between $925 million and $1,075 million.

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 5, 2022, at 9:00 a.m. CT. Financial results will be released on August 4, 2022, after market close. Investors can access the live and on-demand webcast via their investor relations websites, with registration recommended at least 15 minutes prior. TDS, a Fortune 1000 company, serves about 6 million connections through UScellular, TDS Telecom, and OneNeck IT Solutions, employing approximately 8,800 associates as of March 31, 2022.

UScellular has activated the 988 short code for the National Suicide Prevention Lifeline, allowing customers to call and text for free mental health support. This service aims to assist those in suicidal crisis or emotional distress by connecting them with trained counselors. The launch aligns with Congress's goal to make the service widely available by July 16, 2022. In 2020, suicide rates were alarming, with a death occurring every 11 minutes, emphasizing the importance of accessible mental health support. UScellular's initiative reflects its commitment to enhancing customer well-being.

UScellular and Ericsson have commenced pioneering 5G testing with drones, marking a significant advancement in drone technology. Conducted in Beloit, Wisconsin, the trials utilized 5G smartphones and RF measurement equipment to capture key performance metrics during drone flights between UScellular's towers. The data aims to enhance connectivity for aerial drones, enabling applications such as remote inspections for various industries. With the drone market projected to reach $30 billion in ten years, this partnership positions UScellular as a leader in delivering 5G capabilities crucial for innovative drone operations.