TDS
Telephone and Data Systems, Inc.37.89
+0.12+0.32%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Fiber edge-outs detailed, DISH excluded
Q&A fleshed out TDS Telecom's fiber expansion, confirming the added 300,000 addresses target edge-outs adjacent to existing clusters for a 2.1 million total by 2029-2030, with stable winter crews fueling 200,000-250,000 builds in 2026. Array excluded all DISH revenue from 2026 guidance due to non-payments, eyeing 6% same-store tower growth excluding T-Mobile and DISH. Management rebuffed buying Array shares, prioritizing TDS repurchases. DISH? Fully out. Video bundling stays key despite ARPU pressure. Tone stayed bullish; watch fiber penetration and naked tower lease-up.
Key Stats
Market Cap
4.38BP/E (TTM)
-Basic EPS (TTM)
-0.62Dividend Yield
0%Recent Filings
10-K
FY2025 10-K filing (financials absent)
Telephone and Data Systems filed its 10-K for FY2025 ended December 31, 2025, but financial statements and MD&A detailing revenue, profitability, or quarterly results are not included in the provided filing excerpt. The document covers standard cover page disclosures, filer status as a large accelerated filer, and market value of non-affiliate shares at ~$4 billion as of June 30, 2025. It incorporates the proxy statement and lists an exhibit with an employment offer letter for TDS Telecommunications' new CEO starting June 9, 2025, featuring $750,000 base salary and $3.2M in equity grants. No Q4 metrics, y/y deltas, or momentum indicators disclosed. Leadership changes signal strategic focus. Regulatory shifts pose risks to operations.
8-K
TDS Q4 results, fiber push
TDS reported Q4 2025 continuing ops revenues of $330.7M, up 12% YoY, with net income to common shareholders at $37.2M versus $1.0M last year. TDS Telecom added 44,900 fiber net adds, hitting 1.06M marketable addresses and raising its long-term goal to 2.1M; Array's site rentals surged 51% YoY. 2026 guidance projects TDS Telecom revenues $1,015-$1,055M, capex $550-$600M. Spectrum deals pending.
8-K
Array sells spectrum, declares dividend
TDS subsidiary Array completed its $1.018 billion cash sale of select spectrum assets to AT&T on January 13, 2026, including $232 million for 700 MHz Designated Entity Spectrum Licenses with no deferral. Array's board then declared a $10.25 per share special dividend on Common and Series A Common Stock, payable February 2 to January 23 record holders. TDS holds over 70 million shares. Payouts boost shareholder returns post-sale.
8-K
TDS extends credit maturity
Telephone and Data Systems extended its credit agreement maturity to December 8, 2030, via fourth amendment effective that date. It scrapped Term SOFR credit spread adjustments, hiked secured debt capacity by $300 million, and capped cash netting at prior four-quarter EBITDA. Array, its subsidiary, inked a parallel fifth amendment. Flexibility boosted, yet leverage terms tightened.
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