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.
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.
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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.
UScellular (NYSE: USM) has appointed Adriana Rios Welton as the new head of legal and government affairs. Welton, who has over 11 years of legal experience, previously served as general counsel at AT&T Mexico. She succeeds John Gockley, who will retire in July after a 15-year tenure. CEO Laurent Therivel expressed optimism regarding Welton's role in advancing the company's legal and regulatory agenda to enhance connectivity and meet long-term goals. Welton holds degrees from Princeton University and Duke University.
UScellular (NYSE: USM) has appointed Sheila Crisostomo as the new vice president of retail sales and operations, effective June 1, 2022. Crisostomo brings over 26 years of experience in telecommunications, previously serving as vice president and general manager at AT&T. In her new role, she will focus on enhancing growth and performance across retail and prepaid sales channels. UScellular's president and CEO, Laurent 'LT' Therivel, expressed confidence in her ability to improve customer experience.
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