United States Cellular CorporationNYSE
U.S. Cellular: Shrinking Slowly
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, 5:40 PM
- U.S. Cellular (NYSE:USM) gained 1.2% after today's Q3 results affected by a couple of extraordinary items.
- The company took a charge of $13M this quarter while terminating a naming rights agreement, and it faced a tougher comp against a year-ago quarter where it discontinued loyalty rewards and recognized $58M in service revenue.
- The company lost net postpaid subs of 6,000, bringing its total to 4.484M. Net prepaid adds of 67,000 brought that base to 480,000.
- Revenue breakout: Service, $771M (down 14%); Equipment sales, $239M (up 38%).
- Postpaid ARPU was $47.08, down from a year-ago $58.12 and last quarter's $47.37. Prepaid ARPU of $34.39 was down from last year's $35.64 and Q2's $34.58.
- It's reiterating guidance for 2016 revenues of $3.9B-$4.1B and EBITDA of $725M-$850M (both in line with expectations), and operating cash flow of $525M-$650M and capex of about $500M.
- Press Release
Fri, Nov. 4, 8:15 AM
Thu, Nov. 3, 5:30 PM
Wed, Oct. 12, 7:33 PM
- Nokia (NYSE:NOK) and U.S. Cellular (NYSE:USM) today formed the latest hookup to test 5G technologies for fixed wireless networking.
- The companies have demonstrated using 28 GHz spectrum in an experimental FCC license along with Nokia's AirScale radio platform to stream six simultaneous 4K videos.
- Both in outdoor line-of-sight testing and indoor testing (with drywall, windows and metal panels introduced as well as trees and foliage), the tests hit 5 Gbps with low latency.
- The companies plan further testing of the standard, with an eye toward networking hard-to-connect mid-sized and rural areas.
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, 5:01 PM
- U.S. Cellular (NYSE:USM) gained 2.1% today after it logged a rebound quarter with higher revenues and beats on top and bottom lines.
- Revenue crept up fractionally to $980M, and net income rose 42%.
- Net postpaid additions came to 36,000, bringing total postpaid customers to 4.49M. Net prepaid adds of 14,000 brought that customer base to 413,000.
- Revenue breakout: Service, $762M (down 8%); Equipment sales, $218M (up 44%).
- Postpaid ARPU was $47.37, down from a year-ago $53.62 and last quarter's $48.13. Prepaid ARPU fell to $34.58 from a year-ago $35.98 and last quarter's $35.51.
- It affirmed full-year guidance: revenues of $3.9B-$4.1B and EBITDA of $725M-$850M.
- Press Release
Fri, Aug. 5, 7:52 AM
Thu, Aug. 4, 5:30 PM
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, 12:58 PM
- U.S. Cellular (NYSE:USM) has fallen again after earnings, -12%, as revenues declined and the company missed profit expectations substantially.
- Revenue breakout: Service, $760M (down 8%); Equipment Sales, $198M (up 45%).
- Net postpaid additions came to 45,000, bringing total postpaid customers to 4.454M. Net prepaid adds of 12,000 brought that customer total to 399,000.
- Postpaid ARPU was $48.13, down from a year-ago $54.87 and Q4's $51.46. Prepaid ARPU was $35.51, vs. a year-ago $35.72 and down sequentially from $35.54.
- It's affirming guidance for full-year revenues of $3.9B-$4.1B (vs. consensus of $3.97B) and EBITDA of $725M-$850M (vs. expected $791M).
Fri, May 6, 8:00 AM
- United States Cellular (NYSE:USM): Q1 EPS of $0.10 misses by $0.16.
- Revenue of $958M (-0.8% Y/Y) misses by $17.54M.
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, 10:25 AM
- U.S. Cellular (NYSE:USM) has slid 6.5% following a Q4 earnings report where revenues fell well short of expectations and average revenue per user fell off.
- Overall revenues fell 2.3%. EBITDA again came in well ahead of expectations, at $137M vs. $76.5M expected.
- It showed net postpaid additions of 68,000, to come to a total of 4.41M subscribers; net prepaid adds of 7,000, to come to 387K total. Billed ARPU was $49.40, well down from a year-ago $53.63.
- The company's guiding to 2016 revenues of $3.9B-$4.1B -- flat at the midpoint from 2015 -- and EBITDA of $725M-$850M. It's expecting capex of about $500M vs. $533M in 2015.
- Conference call to come at 10:30 a.m. ET.
Fri, Feb. 19, 8:15 AM
- United States Cellular (NYSE:USM): Q4 EPS of -$0.02 beats by $0.45.
- Revenue of $987.04M (-2.3% Y/Y) misses by $32.96M.