Telephone & Data Systems Inc. ( (TDS) ) has released its Q4 earnings. Here is a breakdown of the information Telephone & Data Systems Inc. presented to its investors.
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Telephone and Data Systems, Inc. (TDS) is a telecommunications company providing wireless, broadband, video, and voice services across the United States, operating primarily through its subsidiaries UScellular and TDS Telecom.
In its latest earnings report, TDS revealed that its total operating revenues for the fourth quarter of 2024 amounted to $1,240 million, marking a decrease from the $1,313 million in the same quarter of the previous year. However, the company reported a significant improvement in net income attributable to common shareholders, with a loss of $11 million compared to a substantial loss of $523 million in the prior year’s fourth quarter.
Key highlights of the year 2024 included UScellular’s strategic transactions with major players like T-Mobile and other mobile network operators, which aim to enhance its operational effectiveness. The company also reported improved wireless operating results with reduced postpaid and prepaid net losses and an increase in fixed wireless customers by 27%. TDS Telecom successfully exceeded its fiber address goals, delivering 129,000 new marketable fiber service addresses, and saw growth in residential broadband connections and revenue.
Looking ahead, TDS Telecom plans to continue expanding its fiber network in 2025, aiming to bring fiber-rich connectivity to over 150,000 new service addresses. Meanwhile, UScellular is focused on closing its wireless operations sale to T-Mobile and maintaining its operational priorities, including growing its tower business, as it navigates the strategic alternatives review.
The management of TDS remains committed to investing in high-quality networks to improve service offerings and operational efficiency, with expectations of further strategic growth in the upcoming year.
