{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-065326","form_type":"8-K","ticker":"TDS","cik":"0001051512","company_name":"TELEPHONE & DATA SYSTEMS INC /DE/","filed_at":"2024-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.052838+00:00","generated_at":"2026-06-01T07:52:56.713131+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"TDS board approves sale of UScellular wireless ops to T-Mobile for $4.4B; cuts common dividend 80%","bullets":["Sale of UScellular wireless ops and ~30% of spectrum to T-Mobile for $4.4B in cash and assumption of up to ~$2B debt; deal expected to close mid-2025.","TDS (83% owner of UScellular) has consented; transaction subject to regulatory approvals and customary conditions.","TDS declares Q2 2024 common dividend of $0.04/share, about 20% of prior level (80% cut); preferred dividends unchanged at $0.4140625/depositary share for Series UU and $0.375 for Series VV.","UScellular retains ~70% of spectrum assets; tower business to have T-Mobile as tenant on 2,015 incremental towers for at least 15 years.","TDS plans to use proceeds for fiber build-out and leverage reduction; may also return capital to shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-065326","json":"https://secwatch.observer/filing/0001104659-24-065326.json","markdown":"https://secwatch.observer/filing/0001104659-24-065326.md","text":"https://secwatch.observer/filing/0001104659-24-065326.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1051512/000110465924065326/0001104659-24-065326-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1051512/000110465924065326/tm2415307d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:52:56.713131+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}