TDS
Telephone and Data Systems, Inc.37.89
+0.12+0.32%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.38BP/E (TTM)
-Basic EPS (TTM)
-0.62Dividend Yield
0%Recent Filings
8-K
8-K
10-Q
8-K
TDS terminates credit agreements
Telephone and Data Systems, Inc. terminated three credit agreements on August 19, 2025, after paying off all outstanding indebtedness, including a $9 million penalty for the Oaktree facility. This clears prior obligations under the 2021 CoBank deal, 2023 Wells Fargo arrangement, and 2024 Oaktree agreement. Debt-free now. The move simplifies TDS's balance sheet but highlights the early termination cost.
10-Q
Q2 FY2025 results
TDS posted Q2 revenue of $1.2B, down 4% y/y but up 1% q/q (derived), with operating income edging up 2% y/y to $40M amid lower expenses at Array and TDS Telecom. Wireless revenue dipped 1% y/y to $888M on postpaid net losses of 42K, yet towers revenue climbed 7% y/y to $62M from new colocations. TDS Telecom revenue held steady at $265M, buoyed by expansion market growth, while Adjusted EBITDA (reconciled in 10-Q) fell 5% y/y to $340M. Cash swelled to $540M with $607M operating cash flow; free cash flow (derived) hit $301M, up from $154M y/y, supporting $282M capex. Debt stood at $4.1B with $474M revolver availability, no covenant issues flagged. Post-quarter, Array closed its wireless sale to T-Mobile for $2.6B cash, retaining $364M notes after exchanging $1.7B, and inked a 15-year tower lease for 2,615 sites. Yet spectrum monetization lags, with pending AT&T and Verizon deals facing regulatory hurdles.
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