ITTI(TDS) Prnewswire·2025-02-21 12:30Core Insights - TDS Telecom reported total operating revenues of 1,313 million in Q4 2023, with a net loss of 523 million in the same period last year [1][29] - For the full year 2024, TDS reported total operating revenues of 5,160 million in 2023, with a net loss of 569 million in 2023 [3][29] - The company plans to expand its fiber network to over 150,000 new marketable service addresses in 2025, continuing its investment in high-quality networks [7][11] Financial Performance - TDS Telecom's Q4 2024 net income attributable to common shareholders was (0.10) per share, compared to (4.64) per share in Q4 2023 [1][30] - For the year ended December 31, 2024, net income attributable to common shareholders was (0.85) per share, compared to (5.06) per share in 2023 [3][30] - Adjusted EBITDA for 2025 is estimated to be between 360 million, with total operating revenues projected between 1,070 million [13][12] Operational Highlights - TDS Telecom delivered 129,000 new marketable fiber service addresses in 2024, exceeding its full-year goal [11][6] - UScellular, a subsidiary of TDS, improved its wireless operating results, with fixed wireless customers growing by 27% [11][6] - The company is focused on ongoing fiber expansion and has entered into multiple transactions to sell wireless operations and spectrum assets to T-Mobile and other operators [7][8][9] Strategic Initiatives - TDS Telecom is actively pursuing a strategic review of alternatives at UScellular, which includes the sale of its wireless operations and spectrum assets [6][7] - The company aims to enhance its mid-band spectrum deployment to improve speed and capacity for its customers [11][6] - TDS Telecom's capital expenditures for 2025 are estimated to be between 425 million, reflecting ongoing investments in network infrastructure [13][12]