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.
UScellular reported Q3 2021 total operating revenues of $1,016 million, slightly down from $1,027 million a year earlier. Service revenues rose to $788 million from $775 million. However, net income dropped significantly to $34 million ($0.38 per share) compared to $85 million ($0.97 per share) last year. The company has adjusted its full-year service revenue estimate to $3,075-$3,125 million and plans to continue optimizing promotions to drive subscriber growth. UScellular also repurchased 626,410 shares for $20 million.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will announce their third quarter results on November 4, 2021, post market close. A conference call will follow at 4:00 p.m. CT. The companies expect to discuss financial outcomes and other key performance metrics. Investors can access the live webcast and on-demand presentation via their respective investor relations websites. TDS serves approximately 6 million connections nationwide and has around 8,900 employees.
UScellular reported a strong Q2 2021 with operating revenues of $1,014 million, an increase from $973 million year-over-year. Service revenues also grew to $774 million from $753 million. However, net income fell to $35 million and diluted EPS was $0.39, down from $68 million and $0.78 respectively, from Q2 2020. The CEO highlighted the growth in service revenue driven by postpaid ARPU and positive results from expanding the prepaid market. Full-year guidance remains unchanged for major metrics.
United States Cellular Corporation (NYSE: USM) will redeem its outstanding 6.95% Senior Notes due 2060, totaling $342 million, on September 1, 2021. The redemption price is set at 100% of the principal amount, plus accrued interest. This move utilizes a recently upsized $450 million EIP securitization facility, aimed at lowering borrowing costs and enabling further investments in 5G technology. Peter L. Sereda, CFO, highlighted that these cost savings will facilitate future investments.
Telephone and Data Systems, Inc. (TDS) and United States Cellular Corporation (UScellular) will hold a conference call to discuss their second quarter operating results on August 6, 2021, at 9:00 a.m. CT. Financial results will be released on August 5, 2021, after market close. Investors can access the live and on-demand webcast via the companies' investor relations websites. TDS serves approximately 6 million connections nationwide in wireless, broadband, and managed services, employing about 9,100 associates.
United States Cellular Corporation (NYSE: USM) announced the redemption of all its outstanding 7.25 percent Senior Notes due 2064 (NYSE: UZC) for a total of $300 million. The redemption will occur on June 16, 2021, at 100 percent of the principal amount, plus accrued interest. CFO Peter L. Sereda emphasized that this move is part of a strategy to lower their balance sheet costs and optimize financial leverage for ongoing investments, including 5G initiatives. A notice of redemption was distributed on May 17, 2021.
Telephone and Data Systems and United States Cellular Corporation announced their upcoming Annual Meetings of Shareholders. UScellular's meeting is scheduled for May 18, 2021, at 8:30 a.m. Central time, while TDS' meeting will occur on May 20, 2021, at 9:00 a.m. Central time. Both meetings will be webcast live and available on-demand. Interested participants should register at least 15 minutes before the meetings. TDS serves around 6 million connections through its various businesses.
UScellular announced the pricing of a public offering for $500 million of 5.500% Senior Notes due 2070, callable at par on June 1, 2026. The closing of the offering is anticipated on May 17, 2021. Proceeds will be used to redeem a portion of outstanding 7.25% Senior Notes due 2064 and for general corporate purposes, including debt repayment and funding 5G projects. The notes will be listed on the NYSE under symbol UZF. BofA Securities and other firms are managing the offering.
UScellular reported a strong first quarter of 2021, with total operating revenues increasing to $1,023 million compared to $963 million in Q1 2020. Service revenues also rose to $771 million, up from $762 million. However, net income dropped to $60 million or $0.69 per share, down from $71 million or $0.81 per share year-over-year. The company is focused on enhancing the customer experience and expanding 5G services while maintaining operational discipline.
UScellular has announced a $1 million investment for the sixth consecutive year in the Boys & Girls Clubs of America, targeting educational opportunities in STEM for local youth. This initiative impacts 20 clubs within UScellular’s service areas, aiming to inspire career aspirations among children. In 2020, previous donations reached over 300,000 kids, emphasizing the company's commitment to community support. Since 2009, UScellular has contributed over $20.7 million to various nonprofit organizations across the U.S.