secwatch.observer — SEC 8-K summary
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Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001051512-23-000065
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TDS Q3 revenues down 8% to $1,278M; net loss narrows to $17M; raises fiber address goal
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- Total operating revenues $1,278M in Q3 2023, down from $1,392M in Q3 2022.
- Net loss attributable to TDS common shareholders narrowed to $17M ($0.16 diluted loss) vs $25M loss a year ago.
- UScellular: Fixed Wireless customers up 57% to 106K; tower rental revenues up 8%; profitability improved with positive free cash flow.
- TDS Telecom raises 2023 fiber address goal to 200K; delivered 127K fiber services addresses YTD.
- Updated guidance: UScellular Adj. EBITDA narrowed to $945-$1,005M; TDS Telecom capex raised to ~$550M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151223000065/0001051512-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151223000065/tds-20231103.htm
  HTML page:      https://secwatch.observer/filing/0001051512-23-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer