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.
Telephone and Data Systems Inc. filings document material events, governance matters, operating results, and capital-structure disclosures for a telecommunications holding company focused on TDS Telecom and Array Digital Infrastructure. Recent Form 8-K reports cover results of operations, material agreements, executive compensation arrangements, officer changes, and completed asset dispositions involving spectrum licenses.
Proxy filings describe board matters, shareholder voting, executive compensation, and related governance disclosures. TDS filings also address common and preferred share classes, depositary shares, credit agreement terms, subsidiary-level activity, and disclosures tied to broadband services, tower infrastructure, and remaining wireless assets.
Telephone and Data Systems, Inc. (TDS) returned to strong profitability in Q1 2026, driven largely by asset sales and tower growth. Net income attributable to TDS shareholders rose to $144.6 million from $7.5 million a year earlier, and net income from continuing operations reached $179.4 million.
Total operating revenues increased 7% to $309.5 million, as Array’s tower business nearly doubled site rental revenue to $51.0 million following its long-term master license agreement with T-Mobile. TDS Telecom revenues declined 3% to $249.6 million amid legacy voice and video losses, though fiber broadband connections continued to grow.
Results were boosted by a $150.9 million gain on the $1.018 billion sale of certain spectrum licenses to AT&T and $34.2 million of short-term imputed spectrum lease income tied to the prior T-Mobile transaction. Consolidated Adjusted EBITDA from continuing operations rose 49% to $144.5 million, while capital expenditures more than doubled to $136.2 million, mainly for fiber deployment and towers.
Liquidity strengthened, with cash and cash equivalents increasing to $1.37 billion and long-term debt, net, declining to $672.7 million. Array paid a $10.25 per share special dividend (total $885.5 million), of which TDS received $725.6 million. TDS also outlined an ongoing strategic alternatives review and a non-binding proposal to acquire the Array shares it does not already own.
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) is the subject of this amended Schedule 13D, which updates the position of a Delaware Voting Trust that holds TDS shares. The Trustees may be deemed to beneficially own 13,517,699 TDS shares, or about 11.9% of TDS’s outstanding capital stock, including 6,304,105 Common Shares and 7,213,594 Series A Common Shares that are convertible into Common Shares. Because the Series A stock carries ten votes per share and represents most of that class, the Voting Trust controls roughly 56.8% of TDS’s aggregate voting power and can elect a majority of directors. The filing also notes that on May 7, 2026, TDS delivered a non-binding proposal to acquire all Array Digital Infrastructure, Inc. common shares it does not already own, and the Trustees state they intend to maintain the ability to keep or dispose of voting control of both TDS and, if still public, Array.
Telephone and Data Systems, Inc. (TDS) submitted a proposal to the board of Array Digital Infrastructure, Inc. to acquire, by merger, all outstanding Common Shares of Array not currently owned by TDS in an all-stock transaction. The proposal letter is attached as Exhibit 99.1 and a related press release is attached as Exhibit 99.2.
The filing simply discloses the submission of the proposal; transaction terms, consideration ratio, shareholder approvals, and timing are not included in the excerpt.
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 reports that Vanguard Portfolio Management beneficially owns 6,303,052 shares of Common Stock, representing 5.92% of the class. The filing states Vanguard has sole dispositive power over these shares and limited sole voting power of 46,757.
The filing explains the holdings are reported by Vanguard Portfolio Management LLC and certain affiliates and include securities held for Vanguard funds and managed accounts.
Telephone and Data Systems, Inc. Schedule 13G/A reports that Picton Mahoney Asset Management beneficially owns 1,690,616 depository shares, representing 10.06% of the class. The filing cites 16.8 Million outstanding shares as of March 31, 2026.
The holder is identified as an investment fund manager organized in Canada and certifies compliance with a foreign regulatory scheme comparable to U.S. institutional rules.
Telephone and Data Systems, Inc. (TDS) is asking shareholders at the May 21, 2026 annual meeting to elect 12 directors, ratify PwC as auditor, approve a charter amendment to add officer exculpation, and cast an advisory Say‑on‑Pay vote on executive compensation.
The proxy highlights a transformational 2025, when UScellular sold its wireless operations and select spectrum to T‑Mobile for $4.3 billion in proceeds and then, as Array Digital Infrastructure Inc., paid a special cash dividend of $23.00 per share, of which TDS received about $1.6 billion based on its 82% ownership. TDS Telecom surpassed one million marketable fiber service addresses, while Array launched as a tower company with more than 4,400 towers. The Board, evenly split between independent and non‑independent members, supports all proposals and emphasizes long‑term, controlled‑company governance, robust audit oversight, and pay‑for‑performance executive compensation with a mix of salary, bonuses and equity‑based incentives.
The Vanguard Group filed Amendment No. 13 to a Schedule 13G/A reporting zero beneficial ownership in Telephone and Data Systems Inc. The filing states that, in accordance with SEC Release No. 34-39538 (January 12, 1998), Vanguard completed an internal realignment on January 12, 2026 and certain subsidiaries or business divisions will report beneficial ownership separately. The submission lists 0 shares owned and 0% of the class, with powers to vote and dispose recorded as 0.