secwatch.observer — SEC 8-K summary
======================================

Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001051512-24-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TDS Q3 net loss widens to $83M; UScellular announces $1B spectrum sale to Verizon
--------------------------------------------------------------------------------

- Total operating revenues $1,224M, down 4% YoY; diluted EPS loss $(0.73) vs $(0.16).
- Excluding $136M spectrum impairment, adjusted net income $2M ($0.01 EPS).
- UScellular agreed to sell select spectrum to Verizon for $1B, contingent on T-Mobile deal.
- TDS Telecom fiber expansion reached 50% of addresses; residential broadband connections up 4%.
- FY2024 UScellular service revenue guidance narrowed to $2.95-3.0B; TDS Telecom guidance unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000063/0001051512-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000063/tds-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001051512-24-000063

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