Double-Digit Year-Over-Year Improvements
Both business units delivered double-digit year-over-year improvements in adjusted EBITDA, contributing to increased TDS free cash flow.
Strong Free Cash Flow
UScellular delivered strong free cash flow of $226 million through adjusted OIBDA growth and prudent management of both capital expenditures and working capital.
Improved Subscriber Metrics
Total net adds improved by 36,000 sequentially, with a 40% increase in fixed wireless subscribers from the prior year.
Tower Segment Opportunities
The Towers segment is expected to have long-term adjusted OIBDA margins in excess of 50%, with opportunities for co-location growth.
Broadband Strategy Success
TDS Telecom reported a 4% increase in operating revenues and a 32% increase in adjusted EBITDA, with a 5% increase in residential broadband connections.