Telephone and Data Systems, Inc.NYSE
Tue, Nov. 22, 10:48 AM
Tue, Nov. 15, 11:09 AM
- Telephone & Data Systems (NYSE:TDS) is acquiring InterLinx Communications and subsidiary Tonaquint Networks, providers in southern Utah.
- Terms weren't disclosed. The deal comes via TDS unit TDS Broadband Service.
- The agreement adds more than 170 route miles of fiber-optic transport.
- InterLinx offers wholesale fiber connections to businesses along with ISPs and large carriers, while the Tonaquint unit offers residential/business service using fiber-to-the-premises and wireless.
Fri, Nov. 4, 5:55 PM
- Telephone & Data Systems (NYSE:TDS) rose 1.1% following Q3 earnings where it saw a decline in revenues but saw a solid increase in cable connections due to Internet demand.
- Results again generally mirrored those at U.S. Cellular (NYSE:USM), of which TDS holds a heavy majority. Revenues fell 5% and net income fell to $13M from a year-ago $51M.
- "TDS Telecom's wireline operations drove a significant increase in IPTV subscribers, which combined with growth in broadband data connections and customer demand for faster data speeds, generated higher residential revenues," said CEO LeRoy Carlson Jr.
- Aside from prepaid-boosted customer gains at U.S. Cellular, TDS Telecom saw wirelines residential connections rise 0.5% to 590,900; voice connections fell to 314,600 from 325,900, but broadband connections increased to 232,800 from 231,600, and IPTV jumped to 43,600 from 30,300. Residential revenue per connection rose to $44.25 from $42.83.
- In commercial, wireline connections fell to 334,000 from 345,600 (voice to 160,900 from 176,700; broadband to 21,700 from 23,000; and managedIP to 151,500 from 145,900). Cable connections jumped to 291,00 from 276,900, paced by strong broadband growth (to 130,200 from 114,600).
- Press Release
Fri, Nov. 4, 8:05 AM
Thu, Nov. 3, 5:30 PM
Thu, Aug. 18, 1:27 PM
Fri, Aug. 5, 5:18 PM
- Telephone & Data Systems (TDS +1.4%) gained again alongside strong results from U.S. Cellular (USM +2.1%), beating on top and bottom lines in Q2 despite flat revenues.
- Revenues rose fractionally at U.S. Cellular, of which TDS holds a heavy majority. It was the same in TDS consolidated results, where revenues rose just $7M to $1.283B. Net income rose to $28M from a year-ago $23M.
- Customers had gained at U.S. Cellular; separate from that, TDS Telecom saw wireline connections rise 0.4% Y/Y to 590,200, up from the previous quarter's 585,800. Voice connections fell to 316,800 from last year's 329,000; broadband connections gained to 232,200 from 231,200; IPTV rose to 41,200 from 27,900.
- Residential revenue per connection of $43.67 was up vs. a year-ago $42.10 and last quarter's $43.28.
- TDS affirmed full-year guidance (U.S. Cellular had affirmed its own guidance as well): consolidated revenues of $5.04B-$5.29B, and EBITDA of $1B-$1.165B.
- Press Release
Fri, Aug. 5, 7:50 AM
Thu, Aug. 4, 5:30 PM
Mon, Jul. 25, 6:48 PM
- The telecom sector has usually offered investors some solid dividend payers, but a separation in network quality between the top and smaller competitors is putting some dividends at risk.
- Three regional telecoms make Roger Conrad's "Endangered Dividends List" -- CenturyLink (NYSE:CTL), Windstream Holdings (NASDAQ:WIN) and Communications Sales & Leasing (NASDAQ:CSAL). They've got cash flow to cover payouts now, but profit margins keep shrinking.
- Windstream had effectively slashed its dividend nearly a year ago with the spinoff of CSAL, he says, and CenturyLink gave investors a 25%-plus haircut three years ago.
- Only five of 22 telecoms he looked at pay a higher dividend today than they did five years ago: AT&T (NYSE:T), Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), Shenandoah Telecommunications (NASDAQ:SHEN), and Telephone & Data Systems (NYSE:TDS).
- CenturyLink might be first to make a cut, he says, as it's rolling over $1.35B in debt this year and faces heavy annual maturities from 2020-2025.
Fri, May 27, 9:42 AM
- Telephone and Data Systems (NYSE:TDS) declares $0.148/share quarterly dividend, in line with previous.
- Forward yield 2.06%
- Payable June 30; for shareholders of record June 16; ex-div June 14.
Fri, May 6, 1:20 PM
- Disappointing results at U.S. Cellular (USM -11.1%) again presaged a tumble at Telephone & Data Systems (TDS -8.9%) after earnings, where it missed on top and bottom lines.
- Revenues at U.S. Cellular (of which TDS holds a heavy majority) dipped 0.8%; they also declined 0.8% in consolidated TDS results as the TDS Telecom operation was nearly flat ($281M vs. a year-ago $280M).
- Customers gained again at U.S. Cellular; aside from that, TDS Telecom saw wireline connections rise Q/Q, to 585,800. They were down from the prior year's 588,400. On Y/Y basis, voice connections fell to 318,400 from 333,400, broadband connections fell to 229,100 from 229,400, and IPTV marked strong gains, to 38,300 from 25,600.
- Residential revenue per connection was $43.28, up vs. Q4 ($41.24) and a year ago ($42.32).
- Outside guidance at U.S. Cellular, TDS Telecom affirmed its own guidance for 2016 revenues of $1.13B-$1.18B (and so total consolidated revenue of $5.04B-$5.29B), and EBITDA of $270M-$310M (total consolidated EBITDA of $1B-$1.165B).
Fri, May 6, 7:54 AM
- Telephone and Data Systems (NYSE:TDS): Q1 EPS of $0.07 misses by $0.03.
- Revenue of $1.24B (-0.8% Y/Y) misses by $20M.
Thu, May 5, 5:30 PM
Fri, Feb. 19, 10:54 AM
- Telephone & Data Systems (NYSE:TDS) has tumbled 11.2% after disappointing Q4 results were paced by a revenue decline at U.S. Cellular (USM -8.7%).
- A 2.3% drop in sales at U.S. Cellular, of which TDS owns 84%, was mirrored at the parent, where revenues dropped to $1.27B.
- Aside from customer gains at U.S. Cellular, TDS Telecom saw residential wireline connections falling again, to 582,700, with Y/Y declines in both Voice (-16,100) and Broadband (-700 connections). IPTV connections showed solid growth, to 34,400 connections from a year-ago 23,400.
- Commercial wireline connections fell to 341,000 from 358,100. Cable connections, however, increased 13,000 to 280,300 total.
- Conference call link
Fri, Feb. 19, 8:06 AM
- Telephone and Data Systems (NYSE:TDS): Q4 EPS of -$0.01 may not be comparable to consensus of -$0.32.
- Revenue of $1.27B (-2.3% Y/Y) misses by $50M.