Successful Financing and Transaction Preparation
TDS and UScellular extended near-term bank maturities and amended revolvers to ensure financial flexibility ahead of the expected mid-2025 closing of the transaction with T-Mobile.
Increased Third-Party Tower Revenue
Third-party tower revenue increased by 6% due to new colocations and escalators on renewed leases, indicating strong performance in the Tower business segment.
Strong Free Cash Flow Generation
The company generated $79 million of free cash flow in Q1 2025, an $18 million increase over the same quarter last year, driven by reduced capital expenditures and stable operating expenses.
Aggressive Fiber Expansion
TDS expanded its fiber footprint by over 30% in the last three years and is on track to achieve its goal of 150,000 fiber addresses in 2025, with significant construction activities planned.
Introduction of Transformation Cost Savings Program
TDS Telecom identified $100 million in annual cost savings expected by year-end 2028, with some savings anticipated by the end of 2025.