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 ...

CHICAGO, Aug. 26, 2024 /PRNewswire/ -- TDS Telecom, a wholly-owned subsidiary of Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE:USM), will each be attending the following September conferences. Citi's 2024 Global TMT Conference TDS Telecom webcasted presentation on September 5, 2024 at 7:30 a.m. ET Michelle Brukwicki, TDS Telecom senior vice president of finance & chief financial officer is scheduled to speak. The presentation will be webcast live. Management will ...

Group 1 - Telephone and Data Systems, Inc. (TDS) has declared third quarter 2024 dividends for its Common Shares, Series A Common Shares, Series UU Preferred Shares, and Series VV Preferred Shares [1][2][3] - The quarterly dividend for Common Shares and Series A Common Shares is set at $0.04 per share, payable on September 30, 2024, to holders of record on September 16, 2024 [1] - The quarterly dividend for Series UU Preferred Shares is $414.0625 per share, with depositary share holders receiving $0.4140625 per depositary share, payable on September 30, 2024, to holders of record on September 15, 2024 [2] - The quarterly dividend for Series VV Preferred Shares is $375.0000 per share, with depositary share holders receiving $0.3750000 per depositary share, payable on September 30, 2024, to holders of record on September 15, 2024 [3] Group 2 - TDS provides a range of telecommunications services including wireless, broadband, video and voice, and hosted and managed services to approximately 6 million connections nationwide [4] - The company operates through its subsidiaries UScellular, TDS Telecom, and OneNeck IT Solutions, and employs approximately 8,500 associates as of June 30, 2024 [4]

*uscellular Second Quarter 2024 Results August 2, 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, projectio ...

Core Insights - Telephone & Data Systems (TDS) reported revenue of $1.24 billion for the quarter ended June 2024, a decrease of 2.3% year-over-year, with an EPS of -$0.13, an improvement from -$0.17 in the same quarter last year [1] - The reported revenue met the Zacks Consensus Estimate, showing a slight surprise of +0.02%, while the EPS exceeded expectations by +18.75% [1] Revenue and Earnings Performance - TDS Telecom Residential connections - Broadband - Wireline, Expansion: 107.8 thousand, below the average estimate of 110.66 thousand [3] - TDS Telecom Residential connections - Broadband - Wireline, Incumbent: 243.7 thousand, compared to the average estimate of 245.66 thousand [4] - Total TDS Telecom Connections: 1.15 million, slightly below the average estimate of 1.17 million [5] - TDS Telecom Commercial connections - Total: 201.5 thousand, exceeding the average estimate of 199.25 thousand [5] Operating Revenues - Operating Revenues for TDS Telecom: $267 million, closely matching the average estimate of $267.38 million [6] - Operating Revenues for All other: $44 million, surpassing the average estimate of $42.10 million [7] - Operating Revenues for U.S. Cellular: $927 million, slightly above the average estimate of $925.46 million [7] - Operating Revenues for U.S. Cellular - Service: $718 million, below the average estimate of $744.42 million [7] - Operating Revenues for TDS Telecom - Service - Wholesale: $44 million, exceeding the average estimate of $42.10 million [8] - Operating Revenues for TDS Telecom - Service - Commercial: $37 million, slightly above the average estimate of $36.78 million [8] - Operating Revenues for U.S. Cellular - Equipment and product sales: $184 million, closely matching the average estimate of $183.82 million [8] - Operating Revenues for TDS Telecom - Service: $267 million, slightly below the average estimate of $267.14 million [9] Stock Performance - TDS shares have returned +4% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.4% change [9] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [9]

Core Insights - Telephone & Data Systems (TDS) reported a quarterly loss of $0.13 per share, better than the Zacks Consensus Estimate of a loss of $0.16, and an improvement from a loss of $0.17 per share a year ago, resulting in an earnings surprise of 18.75% [1] - The company posted revenues of $1.24 billion for the quarter ended June 2024, slightly surpassing the Zacks Consensus Estimate by 0.02%, but down from $1.27 billion year-over-year [2] - TDS shares have increased approximately 15% year-to-date, outperforming the S&P 500's gain of 14.2% [3] Earnings Outlook - The earnings outlook for TDS is currently favorable, with a consensus EPS estimate of -$0.13 on $1.24 billion in revenues for the upcoming quarter and -$0.33 on $5.01 billion in revenues for the current fiscal year [7] - The company has surpassed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] Industry Context - TDS operates within the Zacks Wireline - National industry, which is currently ranked in the top 1% of over 250 Zacks industries, suggesting a strong industry performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

CHICAGO, Aug. 2, 2024 /PRNewswire/ -- As previously announced, TDS will hold a teleconference on August 2, 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 $1,238 million for the second quarter of 2024, versus $1,267 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(1 ...

Core Viewpoint - The analysis updates the outlook on Telephone and Data Systems (TDS) ahead of Q2 2024 earnings, with a shift in rating from hold to buy, reflecting a potential upside from the sale of US Cellular assets [1][24]. Financial Performance - TDS has seen a 32% return since the last analysis, outperforming the S&P 500, which yielded 7% [1]. - For Q2 2024, TDS is expected to announce an EPS of -$0.13 and revenue of $1.24 billion, both down sequentially and year-over-year [15]. US Cellular Sale - The sale of US Cellular is a significant focus, with management working to advance the deal while maintaining business stability [2]. - The potential sale price range for TDS shares is estimated between $17.30 and $37+, depending on the deal's outcome [2][32]. - T-Mobile's acquisition of US Cellular's wireless business and 30% of its spectrum for $4.4 billion is anticipated to close in mid-2025, pending regulatory approval [17]. Regulatory Environment - Regulatory scrutiny has increased, with a group of senators requesting careful examination of the T-Mobile and US Cellular deal, raising concerns about market consolidation and consumer impact [6][10]. - T-Mobile has experience in navigating regulatory challenges, as seen in its previous merger with Sprint, which may mitigate risks associated with the current deal [11][32]. Valuation and Price Target - The current market cap of US Cellular is $4.49 billion, with TDS owning 83% of it, suggesting a potential value of approximately $4.5 billion for TDS shareholders, translating to an upside of over 80% from the current market cap of $2.4 billion [21]. - Price targets for TDS range from $22.50 to $35 per share, with a best-case scenario indicating an 80-90% growth in share price if the deal proceeds with concessions [32][30]. Guidance and Future Outlook - TDS's guidance for service revenues and adjusted EBITDA remains unchanged, indicating stability in financial expectations despite the ongoing sale process [4]. - The analysis suggests that the most likely scenario is the merger proceeding with concessions, which would positively impact TDS's valuation [32].

CHICAGO, July 26, 2024 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will be webcasting their second quarter operating results conference call on August 2, 2024, at 9:00 a.m. Central Time. The companies will release their financial results on August 2, 2024, before the market opens. To listen to the webcast, please visit the events & presentations pages of investors.tdsinc.com or investors.uscellular.com. The presentations will be webcast bot ...