Financial Data and Key Metrics Changes - Total operating revenues decreased by 3% year over year, impacted by divestitures and declines in commercial and wholesale revenue, as well as decreases in residential video and voice connections [47] - Cash expenses increased by 6% or $11 million compared to the prior year, with $4 million of this increase attributed to a cumulative non-cash adjustment to stock-based compensation [47] - Free cash flow for the first quarter was $79 million, an increase of $18 million over the same quarter last year [14] Business Line Data and Key Metrics Changes - Postpaid handset results showed year-over-year improvements, while third-party tower revenue increased by 6% due to new co-locations and escalators on renewed leases [13] - Fiber service addresses grew by 6% year over year, with 14,000 new addresses delivered in the quarter [45] - Residential broadband net additions were 2,800, with 8,300 coming from fiber markets, lower than prior quarters due to timing of service address delivery [36][62] Market Data and Key Metrics Changes - The company continues to face aggressive promotional competition in the wireless market, with competitors offering multi-year price locks and aggressive pricing [15] - Demand for higher broadband speeds remains strong, with 82% of residential broadband customers taking 100 megabits or higher and 24% taking one gig or higher at the end of the quarter [45] Company Strategy and Development Direction - The company is focused on closing the proposed transaction with T-Mobile and repositioning the remaining business for future success, including a potential special dividend to shareholders [10][18] - The fiber program has expanded the company's footprint by over 30% in the last three years, with further opportunities for growth [11] - The company is evaluating its portfolio to minimize exposure to copper markets without an economic path to fiber [97] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased uncertainties in the broader economy and markets but remains optimistic about the long-term potential of the tower business [13][17] - The anticipated closing of the T-Mobile transaction is expected to provide better competitive choices and connectivity experiences for customers [16] - Management expects to incur cash income tax obligations related to the gain on the sale of spectrum in the Verizon and AT&T transactions, estimated between $325 million to $375 million [33] Other Important Information - The company does not plan to redeem Series UU and Series BV preferred stock, viewing them as foundational capital going forward [69] - The company expects to incur severance obligations for employees not retained by T-Mobile, estimated between $60 million to $80 million [28] Q&A Session Summary Question: Timeline for designated entity spectrum approval - The timing is uncertain and dependent on regulatory approval by the FCC, but there is optimism for a successful outcome [56] Question: Free cash flow run rate - The $79 million in free cash flow is not necessarily a run rate, but capital expenditures are expected to be down in 2025, which is positive for free cash flow [58] Question: Debt exchange offer impact - The impact of the debt exchange offer on the purchase price is uncertain, but there is interest in retaining attractive debt [60] Question: Fiber net adds and sales efforts - Fiber net adds were lower due to timing of address delivery, but as construction ramps up, net adds are expected to follow [62] Question: Divestiture strategy for wireline and cable portfolio - The company is focused on divesting non-core assets, particularly isolated copper markets without an economic path to fiber [97]

Group 1 - TDS reported a quarterly loss of $0.09 per share, missing the Zacks Consensus Estimate of a loss of $0.02, and compared to earnings of $0.10 per share a year ago, representing an earnings surprise of -350% [1] - The company posted revenues of $1.15 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.24%, and down from $1.26 billion year-over-year [2] - TDS shares have increased by approximately 10.4% since the beginning of the year, contrasting with the S&P 500's decline of -4.7% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $1.18 billion, and for the current fiscal year, it is -$0.35 on revenues of $4.76 billion [7] - The Zacks Industry Rank for Wireline - National is in the top 38% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (312) 630-1900 Commission file number 001-14157 TEL ...

Financial Performance - TDS reported total operating revenues of $1,154 million for Q1 2025, a decrease of 8.6% from $1,262 million in Q1 2024[4] - Net income attributable to TDS common shareholders was $(10) million, resulting in a diluted loss per share of $(0.09), compared to a net income of $12 million and earnings per share of $0.10 in the same period last year[4] - UScellular reported operating revenues of $891 million for Q1 2025, a decrease of 6% compared to $950 million in Q1 2024[28] - TDS Telecom's operating revenues were $257 million in Q1 2025, down 3% from $266 million in Q1 2024[28] - Net income for the three months ended March 31, 2025, was $12 million, a decrease of 68.4% compared to $38 million in the same period of 2024[31] - Total operating revenues for UScellular decreased by 6% to $891 million in Q1 2025, down from $950 million in Q1 2024[39] - Adjusted EBITDA for UScellular was $254 million, reflecting a 7% decline from $272 million in the previous year[39] - TDS Telecom's net income for Q1 2025 was $4 million, significantly down from $24 million in Q1 2024[50] - UScellular's net income for Q1 2025 was $20 million, a decrease from $24 million in Q1 2024[48] Customer Metrics - TDS Telecom added 14,000 marketable fiber service addresses in Q1 2025, contributing to ongoing fiber deployment efforts[5] - The company reported 2,800 residential broadband net additions in Q1 2025, with 8,300 coming from fiber markets[10] - Total residential connections decreased to 931,400 in Q1 2025 from 956,100 in Q1 2024, reflecting a decline in broadband and voice connections[25] - Total broadband connections increased slightly to 555,800 in Q1 2025, compared to 547,900 in Q1 2024[25] - The churn rate for residential fiber connections was 0.9% in Q1 2025, an improvement from 1.0% in Q4 2024[25] - Average Revenue Per User (ARPU) for postpaid customers increased to $52.06 in Q1 2025, up from $51.96 in Q1 2024[23] Capital Expenditures and Cash Flow - Capital expenditures for UScellular were $53 million in Q1 2025, significantly lower than $162 million in Q4 2024[25] - Capital expenditures for UScellular dropped significantly by 60% to $53 million in Q1 2025, compared to $131 million in Q1 2024[39] - TDS consolidated free cash flow for Q1 2025 was $47 million, compared to a negative $20 million in Q1 2024[45] - UScellular's free cash flow increased to $79 million in Q1 2025 from $61 million in Q1 2024[45] - TDS consolidated cash flows from operating activities were $186 million in Q1 2025, down from $224 million in Q1 2024[45] Strategic Initiatives and Changes - TDS is undergoing foundational changes in its remaining businesses, focusing on enhancing customer experience and improving margins over time[5] - UScellular is not providing financial guidance for 2025 due to the pending transaction with T-Mobile[9] - The expected closing of the sale of UScellular's wireless operations to T-Mobile is anticipated in mid-2025, pending regulatory approval[6] - TDS is focusing on strategic alternatives, with expenses related to this review amounting to $10 million for UScellular in Q1 2025, up from $7 million in Q1 2024[48] Assets and Liabilities - Total assets as of March 31, 2025, were $13,536 million, a decrease from $13,682 million at the end of 2024[33] - Total current liabilities decreased to $960 million as of March 31, 2025, from $1,090 million at the end of 2024[35] - TDS shareholders' equity decreased to $5,078 million as of March 31, 2025, from $5,091 million at the end of 2024[35]

Core Insights - TDS reported total operating revenues of $1,154 million for Q1 2025, a decrease of 9% from $1,262 million in Q1 2024 [1][27] - The net loss attributable to TDS common shareholders was $(10) million, translating to a diluted loss per share of $(0.09), compared to a net income of $12 million and diluted earnings of $0.10 in the same period last year [1][27] Group 1: Financial Performance - UScellular's operating revenues decreased by 6% to $891 million in Q1 2025 from $950 million in Q1 2024 [27] - TDS Telecom's revenues also fell by 3% to $257 million from $266 million year-over-year [27] - Total operating expenses for TDS decreased by 6% to $1,119 million from $1,195 million in the previous year [27] Group 2: Strategic Developments - TDS is in the process of selling its wireless operations to T-Mobile, with the transaction expected to close in mid-2025, pending regulatory approval [3] - TDS Telecom is focusing on fiber deployment, adding 14,000 marketable fiber service addresses in Q1 2025 [2] - The tower business is experiencing growth, with third-party tower revenues increasing by 6% in the quarter [2] Group 3: Operational Metrics - Postpaid handset gross additions increased, while net losses improved, indicating a positive trend in customer retention [8] - TDS Telecom added 2,800 residential broadband net additions, with a total of 555,800 broadband connections as of March 31, 2025 [23] - The average revenue per user (ARPU) for postpaid customers was $52.06, showing a slight increase from $51.73 in the previous quarter [16]

Company Overview - Telephone and Data Systems, Inc. (TDS) provides wireless, broadband, video, and voice services to approximately 5.5 million connections nationwide through its businesses, UScellular and TDS Telecom [2] - TDS was founded in 1969 and is headquartered in Chicago, employing approximately 7,900 associates as of December 31, 2024 [2] Upcoming Financial Results - TDS and UScellular will webcast their first quarter operating results conference call on May 2, 2025, at 9:00 a.m. Central Time [1] - The companies will release their financial results on the same day, May 2, 2025 [1] - The webcast will be available both live and on-demand, and it is recommended to register at least 15 minutes before the presentation [1]

SAN DIEGO, March 25, 2025 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in NYSE: TDS shares. Investors who purchased shares of Telephone and Data Systems, Inc. prior to May 2022 and continue to hold any of those NYSE: TDS shares also have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On May 2, 2023, a NYSE: TDS investor filed a lawsuit against Tele ...

Core Insights - US Signal has been recognized on the 2025 Tech Elite 250 list by CRN, marking the second consecutive year of this honor [1][2] - The company experienced significant growth in 2024, attributed to investments in technical capabilities and acquisitions [3] Company Achievements - US Signal made substantial investments in 2024, including the purchase of data centers in Indianapolis and Detroit, and the acquisition of OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC [3] - The launch of the OpenCloud product has positioned US Signal as a revolutionary player in the cloud hosting market [3] - Additional recent honors include recognition on CRN's 2024 Cloud 100 List and TMCNet's Zero Trust Security Excellence Awards [4] Certifications and Partnerships - US Signal has received certifications from major technology vendors such as Acronis, Cisco, Microsoft, and VMware, among others [5] - The company has expanded its technology partnerships in 2024, welcoming new partners like Insight and Cato Networks [5][6] - These certifications and partnerships are crucial for maintaining high service standards in a rapidly evolving digital landscape [6] Company Overview - Established in 2001, US Signal is a leading digital infrastructure provider in the Midwest, specializing in managed and professional services [7] - The company operates an extensive fiber network and offers services including network connectivity, cloud hosting, and disaster recovery solutions [7]

Core Insights - The article discusses the impact of supply chain disruptions on the gold market, highlighting the challenges faced by sellers and the overall market dynamics [1]. Group 1: Supply Chain Impact - Supply chain disruptions have significantly affected gold sellers, leading to a notable decline in sales [1]. - The article indicates a 0% change in certain metrics related to gold supply, suggesting stagnation in the market [1]. Group 2: Market Dynamics - The gold market is currently experiencing difficulties due to supply chain issues, which may influence pricing and availability [1].

Core Insights - Telephone and Data Systems, Inc. (TDS) reported strong fourth-quarter 2024 results, with both revenue and net income exceeding Zacks Consensus Estimates despite a year-over-year revenue decline due to softness in the U.S. Cellular segment [1][5]. Financial Performance - TDS generated net sales of $1.24 billion in the fourth quarter, down from $1.31 billion in the same quarter last year, but beat the Zacks Consensus Estimate by $14 million [5]. - The company reported a GAAP net loss of $11 million or 10 cents per share, significantly improved from a net loss of $523 million or $4.64 per share in the year-ago quarter [3][4]. - For the full year 2024, TDS reported revenues of $4.96 billion, down from $5.2 billion in 2023 [5]. Segment Performance - U.S. Cellular revenues were $970 million, a 3% decline year-over-year, impacted by reduced postpaid retail and prepaid connections, although growth in fixed wireless customers and tower revenues provided some offset [6]. - TDS Telecom contributed $264 million to revenues, slightly up from $261 million in the prior-year quarter, but fell short of the estimate of $266.9 million [8]. Cost Management - The company focused on cost optimization, resulting in lower operating expenses, which contributed to a narrower loss during the quarter [3][10]. - Total cash expenses were $811 million, marginally down from $812 million in the prior-year quarter [6]. Customer Metrics - Total residential connections decreased to 935,600 from 952,900 in the year-ago quarter, while residential revenues per connection increased to $64.72 from $62.74 [8]. - The company saw an increase in customers opting for higher-speed broadband, with 22% choosing 1 Gigabit+ speed compared to 16% in the prior-year quarter [9]. Cash Flow and Outlook - TDS generated $1.145 billion of net cash from operating activities in 2024, slightly up from $1.142 billion in the prior-year quarter [12]. - For 2025, management expects total operating revenues at TDS Telecom to be in the range of $1.03-$1.07 billion, with adjusted EBITDA estimated between $320-$360 million [13].