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US Cellular Corporation (NYSE: USM) is a leading regional wireless provider delivering connectivity solutions across rural and secondary U.S. markets. This page aggregates official company announcements, financial updates, and strategic developments for investors and industry observers.
Key Resources: Access real-time press releases, earnings reports, and operational updates directly from US Cellular. Track critical developments including network expansions, spectrum transactions, and partnerships that shape the company’s position in the telecommunications sector.
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Next Steps: Bookmark this page or check regularly for the latest verified information. Combine these updates with SEC filings and market analysis for a complete view of US Cellular’s performance and strategy.
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.
Telephone and Data Systems (TDS) and United States Cellular Corporation (UScellular) will host a conference call to discuss their first quarter operating results on May 7, 2021, at 9:00 a.m. CT. Financial results will be released on May 6, 2021, after market close. Interested parties can access the webcast via the companies' investor relations websites. TDS, a Fortune 1000 company, serves approximately 6 million connections nationwide through its subsidiaries. Founded in 1969, TDS is headquartered in Chicago and employed 9,200 people as of December 31, 2020.
United States Cellular Corporation (NYSE: USM) will redeem all outstanding 7.25% Senior Notes due 2063 (NYSE: UZB) on May 12, 2021, totaling $275 million. Redemption will occur at 100% of the principal plus accrued interest. The company's CFO, Peter L. Sereda, emphasized that lowering balance sheet costs is a priority, enabling investments in opportunities like 5G. A notice of redemption is being sent to registered holders, with inquiries directed to respective brokerages.
United States Cellular Corporation (NYSE:USM) announced the nomination of Deirdre C. Drake to its Board of Directors, replacing Kurt B. Thaus, effective at the annual shareholders' meeting on May 18, 2021. Drake, currently the executive vice president and chief people officer, has significantly impacted associate engagement and talent development since joining the company in 2014. Board Chairman LeRoy T. Carlson, Jr. emphasized the importance of her appointment for enhancing governance and addressing key strategic areas like Diversity and Inclusion.
United States Cellular Corporation (NYSE: USM) has successfully acquired 254 spectrum licenses in the FCC's C-Band Auction 107 for approximately $1.46 billion, covering 94% of its subscribers. This acquisition, combined with previous mid-band purchases, enhances UScellular's 5G deployment strategy. CEO Laurent Therivel emphasized the importance of diverse spectrum bands and expressed hope for further spectrum availability to bridge the digital divide. The ongoing modernization aims to improve customer experiences while expanding 5G and IoT opportunities.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) will participate in three investor conferences in March 2021. The presentations will feature key executives including TDS's and UScellular's CEOs. The conferences are: Raymond James 42nd Institutional Investors Conference on March 2 at 3:00 p.m. EST; Morgan Stanley Technology, Media & Telecom Conference on March 4 at 1:15 p.m. EST; and Deutsche Bank's 29th Annual Media, Internet & Telecom Conference on March 9 at 8:00 a.m. ET. Presentations will be available live and on-demand.
UScellular reported total operating revenues of $1,073 million for Q4 2020, up from $1,052 million year-over-year. However, net income fell to $5 million ($0.06 per share) compared to $18 million ($0.20 per share) in Q4 2019. For the full year 2020, revenues were $4,037 million, with net income of $229 million ($2.62 per share), an increase from $127 million in 2019. Looking ahead, UScellular estimates 2021 service revenues between $3,025-$3,125 million and adjusted EBITDA of $975-$1,125 million. The company cites strong customer satisfaction and ongoing investments in 5G.
Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) are set to present their fourth quarter operating results on February 19, 2021, at 9:00 a.m. central time. The financial results will be released the prior day, February 18, 2021, after market close. The webcast can be accessed through the events pages of TDS and US Cellular's investor relations websites. TDS serves approximately 6 million connections nationwide through its subsidiaries and employed 9,300 people as of September 30, 2020.
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