Telephone and Data Systems

TDS

Market cap $4.65B

Telephone and Data Systems preferred stock offers a 7.9% yield, now safer after major debt reduction and asset sales. TDS's balance sheet has strengthened, with net debt dropping from $6.6 billion to $2.2 billion, supporting dividend safety and share repurchases. Interest rate cuts by the Fed create a favorable environment for TDS preferred shares, though inflation remains a risk to watch.

CHICAGO , Nov. 21, 2025 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS) has declared fourth quarter 2025 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares. TDS is paying a quarterly dividend of $0.04 per Common Share and Series A Common Share payable on December 30, 2025, to holders of record on December 15, 2025.

Oaktree acquired nearly 3.7 million shares of TDS in the third quarter for an estimated $144.7 million. The transaction value represents 2.2% of 13F reportable assets under management (AUM) at quarter-end.

TDS' Q3 earnings beat forecasts as fiber expansion and tower rental growth offset revenue declines from divestitures.

The headline numbers for TDS (TDS) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Telephone and Data Systems, Inc. ( TDS ) Q3 2025 Earnings Call November 7, 2025 10:00 AM EST Company Participants John Toomey - VP of Corporate Relations & Treasurer Walter C.D. Carlson - Chairman, President & CEO Vicki Villacrez - Executive VP, CFO & Director Kenneth Dixon - President, CEO & Director Kristina Bothfeld - VP of Finance & CFO Douglas Chambers - Interim CEO, Interim President & Director Conference Call Participants Ric Prentiss - Raymond James & Associates, Inc., Research Division Vikash Harlalka - New Street Research LLP Eric Luebchow - Wells Fargo Securities, LLC, Research Division Sergey Dluzhevskiy - GAMCO Investors, Inc. Presentation Operator Hello, and welcome to the TDS and Array Third Quarter 2025 Operating Results Conference Call.

CHICAGO , Nov. 7, 2025 /PRNewswire/ -- Array Digital Infrastructure, Inc. SM (NYSE: AD) (ArraySM), and Telephone and Data Systems, Inc. (NYSE: TDS) today announced Anthony Carlson will become the President and CEO of Array on November 16, 2025. Concurrently, Anthony Carlson will join the Array Board of Directors.

Announces new $500 million share repurchase authorization CHICAGO , Nov. 7, 2025 /PRNewswire/ -- As previously announced, TDS will hold a teleconference on November 7, 2025, at 9:00 a.m. CST. Listen to the call live via the Events & Presentations page of investors.tdsinc.com.

CHICAGO , Oct. 29, 2025 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and Array Digital Infrastructure (NYSE: AD) will webcast their third quarter operating results conference call on November 7, 2025, at 9:00 a.m. Central Time.

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