Regional carrier U.S. Cellular (USM -4.9%) is following the market lower after reporting Q2...

|By:, SA News Editor

Regional carrier U.S. Cellular (USM -4.9%) is following the market lower after reporting Q2 results. Service revenue grew 3% Y/Y, average revenue per user increased 2.6% Q/Q, and churn declined slightly to 1.38%. However, the company had a net loss of 58K retail subscribers, including 41K postpaid subscribers. (PR)