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].

Financial Data and Key Metrics Changes - In 2024, adjusted EBITDA increased by 7% on a consolidated basis, while free cash flow rose to $280 million, an increase of $88 million over 2023, attributed to profitability improvements and reduced capital expenditures [10][32][37] - Capital expenditures decreased by 24% for the full year, contributing to the increase in free cash flow [10][11] - Service revenues for the fourth quarter declined by 2%, primarily due to a decrease in the average retail subscriber base [35] Business Line Data and Key Metrics Changes - U.S. Cellular improved its subscriber results, with postpaid handset gross additions increasing by 16% year-over-year, although net retail subscriber adds remained negative [26][34] - TDS Telecom increased residential revenues by 6% in 2024, driven by growth in broadband connections and average revenue per connection [49][55] - TDS Telecom's adjusted EBITDA grew by 23% year-over-year, reflecting effective cost management and revenue growth [50][56] Market Data and Key Metrics Changes - U.S. Cellular's fixed wireless service surpassed 150,000 customers, indicating growth in this segment [26] - Data usage by customers increased by 37% year-over-year, highlighting a growing demand for data services [28] - TDS Telecom's fiber service addresses grew by 6% year-over-year, with a significant increase in take rates for higher broadband speeds [53][55] Company Strategy and Development Direction - The company aims to optimize its portfolio for long-term success, focusing on growth areas and divesting non-core assets [9] - U.S. Cellular plans to close the T-Mobile transaction, which is seen as a transformative step, and will focus on strengthening its remaining assets, particularly in the tower business [14][15] - TDS Telecom is committed to expanding its fiber strategy, targeting 150,000 new fiber service addresses in 2025 and increasing its marketable fiber service addresses to 1.8 million [61][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic direction, emphasizing the importance of closing the T-Mobile transaction and optimizing capital structure [14][15][21] - The competitive environment remains challenging, but management believes that ongoing investments in customer retention and network enhancements will drive future growth [29][32] - The company is focused on maintaining a strong balance sheet and returning capital to shareholders post-transaction [20][32] Other Important Information - The company has made significant investments in 5G deployment and fiber expansion, with a nearly 30% increase in fiber footprint over the past three years [10][48] - U.S. Cellular's equity method investments generated $169 million in cash distributions in 2024, contributing to overall financial health [24] Q&A Session Summary Question: Why was now the right time for the leadership change? - The board felt that the current transformative time, with significant transactions underway, warranted a change in leadership to guide the company through this phase [79] Question: Will there be changes in tower reporting? - The company plans to provide AFFO reporting post-T-Mobile transaction close, but structuring the tower business as a REIT is not currently on the agenda [83][85] Question: What is the long-term vision for TDS? - The focus is on executing 2025 priorities to position the company for long-term growth in both the fiber and tower businesses [115] Question: How will capital allocation priorities be determined post-transaction? - The company will evaluate capital allocation based on cash flows from the tower business and wireless partnerships, with potential for dividends in the future [124] Question: How is TDS Telecom addressing net additions and conversion rates? - The company is enhancing its sales and marketing efforts, particularly through door-to-door sales teams, to improve conversion rates in fiber markets [129]

Financial Data and Key Metrics Changes - In 2024, capital expenditures decreased by 24% on a consolidated level, contributing to an increase in free cash flow [10] - Adjusted EBITDA increased by 7% for the full year on a consolidated basis [11] - Free cash flow for 2024 was $280 million, an increase of $88 million over 2023 [37] Business Line Data and Key Metrics Changes - U.S. Cellular improved subscriber results and executed a strategic review, leading to a solid year in financial and operating results [26] - Postpaid handset gross additions increased by 16% year-over-year, while postpaid handset churn decreased by 14 basis points [34] - TDS Telecom increased residential revenues by 6% due to growth in broadband connections and average revenue per connection [49] Market Data and Key Metrics Changes - U.S. Cellular's fixed wireless surpassed 150,000 customers, indicating growth in that segment [27] - Data usage by customers rose 37% year-over-year, reflecting increased demand for services [28] - TDS Telecom's total operating revenues increased by 1% in the fourth quarter and 3% for the full year [55] Company Strategy and Development Direction - The company aims to optimize its portfolio to focus on growth areas, including the fiber strategy and tower business [9][15] - TDS Telecom plans to deliver 150,000 fiber service addresses in 2025, with a target of 80% of total addresses served by fiber [61][59] - The company is focused on maintaining a culture dedicated to serving customers, associates, communities, and shareholders [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic transactions with T-Mobile and other spectrum deals, expecting to close by mid-2025 [21][38] - The company anticipates continued investments in customer retention and acquisition strategies, particularly in the fiber segment [30] - Management acknowledged challenges in the competitive environment but remains optimistic about the long-term outlook for the tower business [22] Other Important Information - The company has made significant investments in 5G mid-band deployment and fiber programs, increasing its footprint by nearly 30% over the past three years [10] - U.S. Cellular's equity method investment interests produced $169 million in cash distributions in 2024 [24] - The company expects to incur cash income tax obligations related to the gain on sale in the T-Mobile transaction in the range of $225 to $325 million [44] Q&A Session Summary Question: Why was now the right time for the leadership change? - Management indicated that the board felt it was the right time for a change due to the transformative nature of the ongoing transactions [79] Question: Will there be changes in tower reporting? - Management confirmed plans to provide AFFO reporting post-T-Mobile transaction, but structuring the tower business as a REIT is not currently on the agenda [83][85] Question: What is the long-term vision for TDS? - Management emphasized that achieving 2025 priorities will position the company well for long-term growth in both the tower and fiber business [115] Question: How will capital allocation priorities be managed? - Management noted that while specific guidance is premature, the tower business generates attractive cash flows, and there is potential for returning capital to shareholders [123] Question: What are the expectations for fiber service address growth? - Management clarified that the new fiber goals are based on ongoing expansion programs and the EA CAM program, with a focus on pacing spending according to financial capacity [89][92]

Core Insights - Telephone & Data Systems (TDS) reported a revenue of $1.24 billion for the quarter ended December 2024, reflecting a 5.6% decrease year-over-year, while EPS improved to -$0.09 from -$0.11 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $1.23 billion by 1.12%, and the EPS surpassed the consensus estimate of -$0.32 by 71.88% [1] Financial Performance Metrics - US Cellular Postpaid ARPU was reported at $51.73, below the average estimate of $52.46 [4] - US Cellular Retail Connections Prepaid experienced a net loss of 4 thousand, worse than the estimated loss of 1 thousand [4] - The Postpaid churn rate remained stable at 1.3%, matching analyst estimates [4] - Total Postpaid connections at the end of the period reached 3.99 million, slightly above the estimate of 3.97 million [4] - Operating Revenues for U.S. Cellular were $970 million, exceeding the average estimate of $937.45 million, but showing a year-over-year decline of 3% [4] - TDS Telecom's Operating Revenues were reported at $264 million, close to the average estimate of $264.60 million, with a year-over-year increase of 1% [4] - TDS Telecom's Wholesale Service revenues were $44 million, slightly above the estimate of $40.96 million, but down 1.3% year-over-year [4] - Other Operating Revenues were significantly lower at $6 million compared to the estimated $36.33 million, marking an 88.2% decline year-over-year [4] - Residential Wireline Service revenues were $86 million, below the estimate of $89.17 million, reflecting a 2.4% decrease year-over-year [4] - Residential Wireline Expansion revenues increased by 37.5% year-over-year to $31 million, surpassing the estimate of $29.88 million [4] - Cable Service revenues were $65 million, below the estimate of $67.76 million, indicating a 5.1% decline year-over-year [4] - Commercial Service revenues were reported at $37 million, exceeding the average estimate of $34.13 million, with a year-over-year decline of 1.1% [4] Stock Performance - TDS shares have returned +10.3% over the past month, outperforming the Zacks S&P 500 composite's +2.2% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential for outperformance in the near term [3]