secwatch.observer — SEC 8-K summary
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Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001051512-24-000050
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TDS reports Q2 revenue down 2% to $1.24B, net loss narrows to $14M; TDS Telecom guidance updated
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- Total operating revenues $1,238M in Q2 2024 vs $1,267M YoY; net loss $14M ($0.13 EPS) vs $19M ($0.17).
- UScellular postpaid ARPU grew 2%; fixed wireless customers up 40% to 134,000.
- TDS Telecom added 27,000 fiber service addresses in Q2; revised 2024 revenue guidance to $1.05-1.08B, OIBDA to $330-360M.
- Sale of UScellular wireless ops to T-Mobile expected to close mid-2025; strategic alternatives review ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000050/0001051512-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000050/tds-20240802.htm
  HTML page:      https://secwatch.observer/filing/0001051512-24-000050

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