Every 8-K that Telephone & Data Sys Inc (TDS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TDS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TDS filings page.
TELEPHONE & DATA SYSTEMS INC (TDS) announced that it has withdrawn its previously announced proposal to acquire the outstanding public Common Shares of Array Digital Infrastructure, Inc. that it does not already own. The proposal would have exchanged each such Array share for 0.86 TDS Common Shares.
TDS will continue to hold its approximately 82% ownership interest in Array and states it remains confident in Array’s business and in TDS Telecom’s long-term strategy. TDS and Array plan to increase efforts to monetize Array’s remaining wireless spectrum assets. With the proposal withdrawn, TDS expects to recommence repurchases of TDS Common Shares under its existing share repurchase programs. As of June 30, 2026, approximately $523.9 million remained available under these programs, including an additional $500 million authorization announced in November 2025.
Telephone and Data Systems, Inc. reported second quarter 2026 operating revenues from continuing operations of $309.3 million, up 4% from $298.5 million a year earlier. Net income attributable to common shareholders from continuing operations was $260.6 million, or diluted EPS of $2.24, compared with a $6.0 million loss and $(0.05) per share.
Performance was led by Array Digital Infrastructure, where site rental revenues grew 95% year over year and large gains on spectrum license sales drove operating income of $399.3 million. Array closed spectrum sales for $74.8 million, $86.4 million and $1.0 billion, funded an $11 per common share special dividend, and raised 2026 revenue and Adjusted EBITDA guidance.
At TDS Telecom, fiber expansion continued with roughly 66,000 new marketable fiber service addresses and 15,100 residential fiber net additions, but segment service revenues fell 6% year over year and 2026 revenue guidance was reduced to $1,000–$1,025 million while capital expenditure guidance increased to $625–$675 million. Consolidated free cash flow from continuing operations was negative $(168,034) thousand for the first half of 2026, and cash and cash equivalents were $2,194,014 thousand at June 30, 2026.
Telephone and Data Systems, Inc. reported that its subsidiary Array Digital Infrastructure, Inc. (formerly United States Cellular Corporation) completed the previously announced sale of select spectrum assets to Verizon Communications Inc. for $1.0 billion in cash under an October 17, 2024 License Purchase Agreement.
The Array board also declared a special cash dividend of $11.00 per share for holders of Array Common Stock and Series A Common Stock, with a record date of June 11, 2026 and payment scheduled for June 25, 2026. As of June 1, 2026, TDS held 33,005,877 Series A shares and 37,782,826 Common shares of Array.
Telephone and Data Systems, Inc. reported the final voting results from its May 21, 2026 annual meeting. Holders of Series A Common Shares unanimously elected eight directors, with each nominee receiving 74,832,251 votes and 20,040 broker non-votes.
Holders of Common Shares elected four directors, with support ranging from 57,851,257 to 83,654,676 votes. Shareholders ratified PricewaterhouseCoopers LLP as independent registered public accountants with 127,469,299 votes for, approved amendments to allow exculpation of officers with 110,192,258 votes for, and passed the advisory Say-on-Pay resolution with 118,794,713 votes for.
Telephone and Data Systems, Inc. (TDS) reported a sharp turnaround to profitability in first quarter 2026, driven by spectrum license sales. Total operating revenues from continuing operations were $309.5 million, up 7% from $290.4 million a year earlier.
Net income from continuing operations attributable to TDS shareholders was $146.6 million, versus a loss of $5.9 million, with diluted earnings per share from continuing operations of $1.11 compared to a loss of $0.20. Results include a $150.9 million book gain from the $1,018.0 million sale of certain 3.45 GHz and 700 MHz wireless spectrum licenses.
TDS Telecom revenues declined 3% to $249.6 million, while Array revenues grew 93% to $52.0 million as site rental revenues rose 92%. Both TDS Telecom and Array reaffirmed their unchanged full-year 2026 guidance ranges, and TDS delivered a non-binding proposal to acquire all Array common shares it does not already own.
Telephone and Data Systems, Inc. (TDS) has proposed an all-stock merger to acquire all outstanding common shares of Array Digital Infrastructure, Inc. that TDS does not already own. Each Array share not owned by TDS would be exchanged for 0.86 TDS common share.
The proposal assumes previously announced spectrum license sales have closed and that Array will have paid a $10.40 per share dividend, or approximately $900 million in total, to its stockholders before closing. TDS currently owns about 81.9% of Array’s capital stock and 95.9% of its voting interests, and expects the transaction to qualify as a tax-free reorganization for U.S. federal income tax purposes.
Telephone and Data Systems, Inc. adopted a 2026 executive bonus program that ties most payouts to company performance. The plan covers the TDS Vice Chair, all executive and senior vice presidents, and the President and CEO of TDS Telecom, but not the TDS President and CEO.
For most participants, 80% of the bonus is based on company performance and 20% on individual performance, with the company portion weighted between TDS Telecom (65%) and Array Digital Infrastructure, Inc. (35%). For the TDS Telecom President and CEO, the company portion is based only on TDS Telecom results. Awards are not legally owed until approved and paid, and employment through the payout date is required unless the compensation committee decides otherwise.
TDS also incorporates the Array 2026 Annual Incentive Plan, which governs the annual bonus for Array’s President and CEO, who is a named executive officer of TDS.
Telephone and Data Systems, Inc. reported that Joseph R. Hanley, its Senior Vice President – Strategy and Corporate Development, has notified the company of his intention to retire from employment. The retirement is expected to be effective on July 1, 2026, or on another date mutually agreed between Mr. Hanley and TDS.
Telephone and Data Systems, Inc. reported a sharp improvement in profitability for 2025 while reshaping its business mix. For Q4 2025, operating revenues from continuing operations were $330.7 million, up from $295.3 million, with net income attributable to common shareholders from continuing operations of $37.2 million and diluted EPS of $0.32, versus $0.01 a year earlier.
For full-year 2025, operating revenues from continuing operations were $1,228.2 million compared with $1,297.0 million in 2024, but net income attributable to common shareholders from continuing operations improved to $48.2 million and diluted EPS to $0.39 from a loss of $(141.4) million and $(1.24). The company sold its wireless business, created Array as a standalone tower and spectrum platform, repurchased 1.77 million common shares for $67.4 million, and Array sold spectrum to AT&T for $1.018 billion and paid a $10.25 per share special dividend.
Telephone and Data Systems, Inc. (TDS) reported that its subsidiary Array Digital Infrastructure, Inc. (formerly United States Cellular Corporation) completed the previously announced sale of select wireless spectrum assets to AT&T for $1.018 billion in cash on January 13, 2026. Of this amount, $232 million was allocated to 700 MHz spectrum licenses held by entities now wholly owned by Array, and the entire purchase price was received at closing with no portion deferred.
On the same day, Array’s board declared a special cash dividend of $10.25 per share for holders of its Common Stock and Series A Common Stock of record on January 23, 2026, with payment scheduled for February 2, 2026. As of January 13, 2026, TDS held 33,005,877 shares of Array Series A Common Stock and 37,782,608 shares of Array Common Stock.
Telephone and Data Systems, Inc. entered into a Fourth Amendment to its First Amended and Restated Credit Agreement with Wells Fargo Bank and other lenders, effective December 8, 2025. The amendment extends the facility’s maturity to the fifth anniversary of that date and removes the credit spread adjustment that had been added to the Term SOFR interest rate for one-, three-, and six‑month interest periods.
The amendment also changes how cash is netted in calculating the consolidated leverage ratio, allowing maximum cash netting up to consolidated EBITDA for the preceding four fiscal quarters as of each determination date. In addition, the capacity for secured debt at TDS, and for secured and unsecured debt at its subsidiaries, including Array Digital Infrastructure, Inc. and Array’s subsidiaries, is increased by an aggregate $300 million. A separate Fifth Amendment to Array’s credit agreement also became effective on December 8, 2025.
Telephone and Data Systems, Inc. furnished a current report to note that it has released financial results for the period ended September 30, 2025. The company states that it issued an earnings news release on November 7, 2025, and that this release is included as Exhibit 99.1 to the report.
The information about results of operations and financial condition is furnished under Item 2.02 and is not treated as filed for liability purposes under the Securities Exchange Act. The filing also lists an exhibit containing the earnings press release and an exhibit for the cover page XBRL data, both tied to this reporting of the latest operating results.
Telephone and Data Systems, Inc. fully repaid all outstanding borrowings and other obligations under three major credit agreements and terminated those facilities on August 19, 2025. The terminated agreements included its amended and restated credit agreement with CoBank, ACB, a senior secured credit agreement with Wells Fargo National Association, and a credit agreement with Oaktree Fund Administration, LLC.
TDS incurred a $9 million termination penalty tied to ending the credit agreement with Oaktree Fund Administration, LLC. The actions reduce reliance on these specific lender arrangements and eliminate related indebtedness, while adding a one-time cash cost from the penalty.
Telephone and Data Systems, Inc. filed a current report to note that it issued a news release covering its results of operations for the period ended June 30, 2025. The company attached this earnings press release as Exhibit 99.1 and incorporated it by reference.
The results information in this report is being furnished rather than filed, which means it is not subject to certain liability provisions under the Securities Exchange Act and is only included in other securities filings when specifically referenced.
Telephone and Data Systems, Inc. (NYSE: TDS) filed an 8-K to disclose the departure of James W. Butman as President and CEO of subsidiary TDS Telecommunications LLC. Mr. Butman stepped down on June 9 2025 and will serve as a Senior Advisor until July 1 2025. A Transition Agreement grants him:
- $2.0 million lump-sum cash payment
- Title to his company vehicle
- Prorated 2025 target bonus of $343,710
The agreement imposes post-termination confidentiality, non-disparagement and cooperation covenants. No other operational or financial updates were provided, and the company attached the full agreement as Exhibit 10.1.
Telephone and Data Systems (TDS) reported that T-Mobile USA announced preliminary results of exchange offers for senior notes issued by United States Cellular Corporation (USCC), a TDS subsidiary. The exchange offers include:
- 6.700% Senior Notes due 2033
- 6.250% Senior Notes due 2069
- 5.500% Senior Notes due 2070 (March)
- 5.500% Senior Notes due 2070 (June)
T-Mobile USA will issue new notes in exchange for these USCC Notes. Additionally, T-Mobile sought consent from noteholders to modify certain notice requirements and restrictive covenants in the existing indentures. The company executed four supplemental indentures with The Bank of New York Mellon Trust Company on June 17, 2025, to facilitate these changes. This strategic debt restructuring could significantly impact USCC's debt profile and its relationship with T-Mobile.