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, Inc. (TDS) and United States Cellular Corporation (USM) will hold their Annual Meetings of Shareholders on the following dates:
- UScellular: May 17, 2022, at 8:30 a.m. Central time
- TDS: May 19, 2022, at 9:00 a.m. Central time
Both meetings will be available via live and on-demand webcasts. Attendees should register at least 15 minutes prior to the meetings. TDS provides various services through its businesses, including UScellular, and had approximately 6 million connections as of March 31, 2022, employing around 8,800 associates.
UScellular reported Q1 2022 revenues of $1,010 million, slightly down from $1,023 million year-over-year. Service revenues increased to $787 million from $771 million. Net income dropped to $49 million ($0.57 per share) compared to $60 million ($0.69 per share) in Q1 2021. The company maintains its 2022 revenue guidance of $3,100-$3,200 million, with Adjusted EBITDA projected at $925-$1,075 million. UScellular also bought back 363,821 shares for $10 million in Q1.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will release their first quarter operating results on May 5, 2022, after market close. A conference call to discuss these results is scheduled for May 6, 2022, at 9:00 a.m. central time. Investors can access the live and on-demand webcast through the TDS investor relations site or the UScellular investor relations site. The companies serve approximately 6 million connections across the U.S.
United States Cellular Corporation (NYSE:USM) announced the nomination of Esteban C. Iriarte and Vicki L. Villacrez to its Board of Directors for election on May 17, 2022. Iriarte, currently COO at Millicom, brings extensive experience in wireless operations, while Villacrez, set to become CFO at TDS, has over thirty years in the telecommunications sector. This board refresh aims to enhance governance and strategic oversight, succeeding Ronald E. Daly and Peter L. Sereda, both of whom served significant terms.
Telephone and Data Systems (TDS) and United States Cellular Corporation (UScellular) will participate in three investor conferences in March 2022. The events include the Morgan Stanley Technology, Media & Telecom Conference on March 7, where TDS President LeRoy T. Carlson, Jr. will speak. Additionally, they will attend the Raymond James 43rd Annual Institutional Investors Conference, also on March 7, featuring TDS Telecom President James W. Butman. Finally, TDS will be at the Deutsche Bank Media, Internet & Telecom Conference on March 14, with Vicki L. Villacrez among the speakers.
On February 17, 2022, UScellular reported its Q4 2021 results, revealing total operating revenues of $1,068 million, slightly down from $1,073 million a year ago. The company posted a net income of $27 million for Q4 2021, compared to $5 million in Q4 2020. For the full year 2021, total revenues reached $4,122 million, with a net income of $155 million, a decline from $229 million in 2020. UScellular anticipates 2022 service revenues between $3,100-$3,200 million. The company is focusing on its 5G growth strategy and maintaining cost discipline.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will host a conference call on Feb 18, 2022, at 9:00 a.m. CT to discuss their fourth quarter operating results. Financial results will be released after market close on February 17, 2022. Interested participants can access the webcast via the companies' investor relations websites. TDS, which serves approximately 6 million connections nationwide through its subsidiaries, employs around 8,900 associates.
On February 1, 2022, United States Cellular (NYSE: USM) announced its successful acquisition of mid-band spectrum to bolster its 5G strategy. Through Auctions 105, 107, and 110, UScellular obtained 380 spectrum licenses covering 97% of its subscribers for approximately $580 million, achieving an average cost of $0.48 per MHz-pop, significantly lower than the auction average of $0.72. This step enhances the company’s capacity to provide competitive 5G services across its operating footprint, targeting improved network quality and coverage, especially in underserved areas.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will present at Citi's 2022 Virtual AppsEconomy Conference on January 6, 2022, at 11:00 a.m. EST. Key executives, including TDS's CEOs and Corporate Relations VPs, will participate. The event will be available via live and on-demand webcasts. TDS is a Fortune 1000 company, providing services to approximately 6 million connections nationwide through various subsidiaries, including UScellular and TDS Telecom.
United States Cellular Corporation (NYSE: USM) will participate in a fireside chat hosted by Wells Fargo on November 30, 2021, at 5:20 p.m. EST. The chat will feature key executives including Laurent C. Therivel, President and CEO, alongside other corporate relations leaders.
Investors can access the live and on-demand webcast through investors.tdsinc.com or investors.uscellular.com. It is advised to register 15 minutes prior to the start of the event.