TDS Q1 net income $129.3M ($1.11 EPS) vs loss year ago; proposes to buy remaining Array shares

TELEPHONE & DATA SYSTEMS INC /DE/

2026-Q1 EPS reported $1.09 revenue$309,450,000

Operating revenues from continuing ops $309.5M, up from $290.4M a year ago.
Net income $129.3M vs loss of $23.2M; includes $150.9M gain on spectrum license sale.
TDS Telecom added 40k marketable fiber addresses; plans to acquire Granite State Communications for ~11k fiber addresses.
TDS proposes to acquire all outstanding Array common shares not already owned; special committee formed.
Full-year 2026 guidance for TDS Telecom and Array reaffirmed; revenues $1.015-1.055B and $200-215M respectively.

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