TDS swings to Q3 profit; $500M buyback authorized; Array CEO named

TELEPHONE & DATA SYSTEMS INC /DE/

2025-Q3 EPS reported -$0.99 revenue$897,495,000

Q3 2025 revenue $308.5M (-5.8% YoY); net income $40.2M vs loss $100.4M; diluted EPS $0.33 vs -$0.88.
Repurchased 1.08M shares for $40.7M in Q3; new $500M buyback program additive to existing authorization.
TDS Telecom added 42k fiber addresses and 11.2k residential fiber net adds; revenues down 3% on $6M divestitures.
Array closed T-Mobile sale Aug 1; paid $23/shr special dividend; entered additional spectrum sales for $178M.
Anthony Carlson appointed President/CEO of Array effective Nov 16, 2025, succeeding Doug Chambers.

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