Welcome to our dedicated page for Telephone & Data Sys SEC filings (Ticker: TDS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Telephone and Data Systems, Inc. (NYSE: TDS) provides access to the company’s regulatory disclosures as a U.S. public issuer. TDS files current reports on Form 8-K and other documents that describe material events affecting its telecommunications and wireless infrastructure businesses, including TDS Telecom and Array Digital Infrastructure, Inc.
In recent Forms 8-K, TDS has reported results of operations for specific quarters, amendments to credit agreements, the termination of certain bank and securitization facilities, and the completion of significant transactions. Filings describe, for example, the sale of Array’s wireless operations and select spectrum assets to T-Mobile, the entry into a long-term master license agreement for tower space, and subsequent spectrum sales to AT&T. Other filings outline credit agreement amendments that extend maturities, adjust leverage calculations and modify debt capacity.
Investors reviewing TDS filings can also see disclosures related to dividends and special dividends, share repurchase authorizations, and changes in financing arrangements. Array-related filings incorporated by reference provide additional detail on tower assets, spectrum transactions and note exchange offers. Together, these documents help explain how TDS structures its capital, manages liquidity and reports the financial impact of major corporate actions.
On Stock Titan, SEC filings are paired with AI-powered summaries that highlight key points from lengthy documents, helping users quickly understand items such as asset sales, credit facility changes, special dividends and quarterly results. Real-time updates from EDGAR, along with easy access to current reports and other filings, allow users to monitor how TDS discloses developments in its broadband, video, voice and wireless infrastructure businesses.
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
On the same day, Array’s board declared a special cash dividend of
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. (TDS) reported an insider ownership change on a Form 4. The reporting person, a trustee of the TDS Voting Trust, received a gift of 502 common shares on 11/18/2025. After this transaction, the insider directly holds 32,123 common shares and indirectly holds 71,251 common shares through the Voting Trust. The filing is made by one reporting person and reflects a non-cash transfer classified as a gift.
Telephone & Data Systems Inc. (TDS)11/18/2025, the insider transferred 4,016 common shares as a gift, coded "G" for gift. Following this transaction, the insider holds 365,357 common shares directly.
The insider also reports several indirect holdings in TDS common shares through trusts and a spouse, including 311,364 shares held by a trust, 40,978.32 shares by the spouse's trust, 37,543 shares by the spouse, and additional trust holdings of 78,943 and 211,758 shares. The filing reflects an ownership update rather than a market sale.
Telephone and Data Systems (TDS) officer (VP, Controller & CAO) reported open‑market sales of Common Shares. On 11/10/2025, the reporting person sold 16,217 shares at an average price of $39.0182. On 11/11/2025, they sold 870 shares at an average price of $39.1579. Following these transactions, the filing shows 0 shares directly owned.
The transactions are coded “S” for sales, and prices reflect multiple trades within stated ranges on each date.
Telephone and Data Systems (TDS) filed its Q3 2025 report highlighting a transformative divestiture and mixed operating trends. On August 1, Array Digital Infrastructure (82%-owned) closed the sale of its wireless operations and select spectrum to T-Mobile for $4,293.8 million after adjustments, including $2,628.8 million in cash and $1,665.0 million of debt assumed via exchange. An estimated $20.2 million purchase price true‑up is recorded. T-Mobile also received short‑term spectrum access at no cost for up to one year, generating $30.4 million of imputed lease income.
The new Master License Agreement boosted Array’s tower business: Q3 site rental revenue rose 79% to $45.8 million, lifting Array’s total revenue 83% to $47.1 million. Consolidated Adjusted EBITDA from continuing operations increased 53% to $168.7 million, though total operating revenues declined 6% to $308.5 million. TDS Telecom revenue fell 3% to $255.1 million as legacy services declined, while fiber expansion continued.
TDS repaid multiple term loans, while Array exchanged $1,680.1 million of notes and later carried $363.9 million of senior notes; Array borrowed $325.0 million under a new CoBank term loan. TDS repurchased 1,077,564 shares for $40.7 million. Shares outstanding as of September 30 were 108.0 million Common and 7.5 million Series A.
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. (TDS) Form 144 shows an insider sale notice for common stock. The filing reports a planned sale of 71,359 shares through Morgan Stanley Smith Barney on 08/28/2025, with an aggregate market value of $2,858,498.82. The shares to be sold were acquired the same day, 08/28/2025, by exercise of options under a registered plan and paid in cash. The filing also discloses that James W. Butman sold a total of 201,990 shares during 08/19/2025–08/27/2025, generating gross proceeds of approximately $7,950,838.98. The filer certifies no undisclosed material adverse information.
Telephone and Data Systems Inc. (TDS) Form 144 notifies the proposed sale of 84,882 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $3,370,256.79. The filing states these shares were acquired on 08/27/2025 by exercise of options under a registered plan and paid for in cash on the same date. The filer also reports six share sales by the same person in August 2025 totaling 117,108 shares for gross proceeds of $4,580,582.19. The notice includes the standard representation that the seller is not aware of unpublished material adverse information.
Form 144 notice for Telephone and Data Systems, Inc. (TDS): An insider sold common stock after exercising options under a registered plan. The filing shows 23,681 shares proposed for sale through Morgan Stanley Smith Barney with an aggregate market value of $928,034.71. The shares were acquired and are to be sold on 08/26/2025 with cash payment for the exercise.
The filing also discloses multiple recent open-market sales by the same person, James W. Butman, totaling 93,427 shares sold between 08/19/2025 and 08/25/2025 with combined gross proceeds reported across those sales. The number of shares to be sold represents a very small fraction of the company’s 108,000,000 outstanding shares. The filer certifies no undisclosed material adverse information.