Telephone & Data Systems Inc. ( (TDS) ) has released its Q2 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 that provides broadband, video, and voice services through its TDS Telecom business, and leases tower space through its Array business. Founded in 1969 and headquartered in Chicago, TDS operates primarily in the telecommunications sector.
In its second quarter of 2025 earnings report, TDS announced total operating revenues of $1,186 million, a slight decrease from the previous year’s $1,238 million. The company reported a net loss attributable to common shareholders of $5 million, an improvement from the $14 million loss recorded in the same quarter of the previous year.
Key highlights from the report include the rebranding of United States Cellular Corporation to Array Digital Infrastructure, Inc., and the completion of a $4.3 billion sale of its wireless operations to T-Mobile. Additionally, Array declared a special dividend of $23.00 per share. TDS Telecom is advancing its fiber broadband strategy, having delivered 27,000 marketable fiber service addresses and added 3,900 residential broadband net additions in the quarter.
Despite a slight decline in revenues due to divestitures, TDS is optimistic about its strategic transformation. The company is focusing on expanding its fiber network and strengthening its tower operations, which are expected to drive future growth and value creation.
Looking ahead, TDS management remains focused on executing its strategic priorities, with expectations of closing pending spectrum transactions with AT&T and Verizon in the latter half of 2025 and third quarter of 2026, respectively. The company continues to see significant opportunities in expanding its fiber and tower businesses.