CHICAGO, Nov. 26, 2024 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared fourth quarter 2024 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares. TDS is paying a quarterly dividend of $0.04 per Common Share and Series A Common Share payable on December 31, 2024, to holders of record on December 16, 2024. TDS is paying a quarterly dividend of $414 ...

CHICAGO, Nov. 20, 2024 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will be attending the following conferences.Wells Fargo 8th Annual TMT Summit ConferenceUScellular webcasted presentation on December 3, 2024 at 1:15 p.m. ETDoug Chambers, UScellular executive vice president, chief financial officer & treasurer is presenting. The presentation will be webcast live.Raymond James 2024 TMT and Consumer ConferenceTDS Telecom and UScellular webcas ...

CHICAGO, Nov. 12, 2024 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) is pleased to announce its Board of Directors has elected Napoleon B. Rutledge Jr. to the Board effective December 1, 2024. Mr. Rutledge will also serve on the TDS Audit Committee."Napoleon brings extensive financial expertise and broad business leadership experience to our Board of Directors, and his deep accounting and risk management knowledge and strategic business acumen will serve TDS well into the future," said Walter ...

Financial Data and Key Metrics Changes - The company reported a 2% decline in service revenues, driven by a decrease in the average subscriber base, partially offset by an increase in postpaid ARPU [32] - Adjusted operating income before depreciation and amortization improved by 1%, while adjusted EBITDA increased by 3% [33] - Free cash flow for the year-to-date through September 30th was $331 million, a $94 million increase over the prior year [37] Business Line Data and Key Metrics Changes - UScellular improved retail net losses by 20,000 subscribers year-over-year, with postpaid handset net losses improving by 10,000 year-over-year due to reduced churn [21][23] - TDS Telecom achieved a 2% increase in total operating revenue and a 21% increase in adjusted EBITDA for the quarter, driven by fiber broadband strategy [41] - The company added 2,700 residential broadband net adds in the quarter, contributing to a 4% growth in residential broadband connections year-over-year [45] Market Data and Key Metrics Changes - The overall pool of available subscribers in the industry decreased year-over-year, but the company's share of growth ads increased, allowing it to maintain flat postpaid handset growth ads [23] - The company reported a 5% increase in average residential revenue per connection, primarily due to price increases [51] - The company experienced net broadband losses in cable markets, primarily due to competition from LECs upgrading and fiber overbuilders [49] Company Strategy and Development Direction - The company is focused on monetizing spectrum assets, with agreements to sell certain portions of retained licenses for over $1 billion [17] - The company plans to continue investing in its 5G network, with future investments predominantly dedicated to deploying mid-band spectrum [26] - The company is optimistic about its fiber broadband strategy, targeting 1.2 million marketable fiber service addresses and aiming for 60% of total service addresses to be served by fiber [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term benefits of the T-Mobile transaction, which is expected to close in mid-2025 [15] - The company acknowledged the impact of recent hurricanes and fires on operations but noted recovery efforts [14] - Management highlighted the importance of maintaining reasonable leverage and sufficient liquidity to support operational objectives and strategic goals [11] Other Important Information - The company announced the departure of CFO Michelle Brukwicki, with Kris Bothfeld stepping into the role [12][13] - The company is experiencing a slowdown in new tenant and amendment activity in its Tower business due to moderated capital expenditures in the industry [35] Q&A Session All Questions and Answers Question: Clarification on T-Mobile and Verizon Spectrum Sale - The spectrum sale transactions are net of expected NOLs and interest carry forwards, which is why TDS cash taxes are estimated to be lower [56] Question: Thoughts on Spectrum Sale Proceeds - The focus is on closing transactions, with potential uses for proceeds including paying down debt and advancing fiber deployment programs [62] Question: AI's Impact on Wireless Operations - AI is expected to improve operational efficiency, particularly in customer care, but its impact on consumer behavior is still uncertain [66] Question: Update on ILEC and Cable Divestitures - The divestitures mentioned are consistent with previous disclosures, including small Virginia ILECs and Texas cable properties [69] Question: Future of Tower Portfolio - The company is focused on improving co-location rates and sees potential for growth in its Tower business despite current industry challenges [72] Question: Wireless Partnerships and Monetization - The company is satisfied with current partnerships, which generate attractive cash flow, and is open to monetizing them if a good opportunity arises [94]

*uscellular Third Quarter 2024 Results November 1, 2024 Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 All information set forth in this presentation about Telephone and Data Systems, Inc., including its subsidiaries UScellular and TDS Telecom, except historical and factual information, represents forward-looking statements. This includes all statements about the company's plans, beliefs, estimates, and expectations. These statements are based on current estimates, projecti ...

Telephone & Data Systems (TDS) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 107.14%. A quarter ago, it was expected that this parent of U.S. Cellular and TDS Telecom would post a loss of $0.16 per share when it actually produced a loss of $0.13, delivering a surprise of 18.75 ...

Exhibit 99.1 NEWS RELEASE TDS reports third quarter 2024 results Recent Highlights* As previously announced, TDS will hold a teleconference on November 1, 2024, at 9:00 a.m. CDT. Listen to the call live via the Events & Presentations page of investors.tdsinc.com. CHICAGO (November 1, 2024) — Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,224 million for the third quarter of 2024, versus $1,278 million for the same period one year ago. Net income (loss) attributable to TD ...

CHICAGO, Nov. 1, 2024 /PRNewswire/ --As previously announced, TDS will hold a teleconference on November 1, 2024, at 9:00 a.m. CDT. Listen to the call live via the Events & Presentations page of investors.tdsinc.com.Telephone and Data Systems, Inc. (NYSE: TDS) reported total operating revenues of $1,224 million for the third quarter of 2024, versus $1,278 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(8 ...

CHICAGO, Oct. 25, 2024 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will be webcasting their third quarter operating results conference call on November 1, 2024, at 9:00 a.m. Central Time. The companies will release their financial results on November 1, 2024.To listen to the webcast, please visit the events & presentations pages of investors.tdsinc.com or investors.uscellular.com. The presentations will be webcast both live and on-demand. I ...

GRAND RAPIDS, Mich., Sept. 3, 2024 /PRNewswire/ -- US Signal Company, LLC (US Signal), a leading digital infrastructure provider and portfolio company of Igneo Infrastructure Partners, has completed its acquisition of OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC (OneNeck) from Telephone and Data Systems, Inc. (NYSE: TDS), a provider of wireless, broadband, video, voice, hosted and managed services to U.S. businesses. Headquartered in Madison, Wisconsin, OneNeck provides secure hybrid IT and ...