Source prnewswire
TDS reports first quarter 2024 results
Chicago, May 3, 2024.You can listen to the call on the Events & Presentations page of investors.tdsinc.com.The company reported total operating revenues of $1,262 million for the first quarter of the year, compared to $1,303 million for the same period one year ago.The highlights of 1Q 2024.UScellular.The company that does business as TDS Telecom.Unless noted, the comparisons are 1Q'23 to 1Q' 24."Our customers are benefiting from the deployment of mid-band spectrum and fiber," said LeRoy T. Carlson, Jr., TDS President and CEO.UScellular continued to balance subscriber growth with financial discipline in this competitive environment.The significant broadband investments made over the past couple of years have resulted in strong growth in revenue and profitability.There are strategic alternatives to UScellular.The boards of directors of both companies decided to explore a range of strategic alternatives for UScellular.The results of the year 2024.Management's view of the full-year results for UScellular andTDS Telecom should not be assumed to be current as of any future date.The below reconciliation to Net income is not done because it does not provide guidance for income taxes.Information on the conference call.The conference call will be held on May 3, 2024.Before the call, certain financial and statistical information will be posted to investors.tdsinc.com.About the company.Telephone and Data Systems, Inc. is a Fortune 1000 company that provides wireless; broadband, video and voice; and hosted and managed services to approximately 6 million connections nationwide.Visit investors.tdsinc.com for comprehensive financial information, including earnings releases, quarterly and annual filings, shareholder information and more.Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 states that all information set forth in this news release, except historical and factual information, is forward-looking statements.UScellular: www.uscellular.com,TDS: www.tdsinc.com, and OneNeck IT Solutions: www.oneneck.comThere are three categories of adjusted OIBDA: EBITDA, adjusted EBITDA and adjusted OIBDA.The GAAP measures of Net income and Income before income taxes are reconciled in the following tables.Telephone and Data Systems is a company.The closing of a $375 million debt financing was announced by Telephone and Data Systems, Inc.Telephone and Data Systems, Inc.'s wholly-owned subsidiary,TDS Telecom, will be presenting at the New Street Research and...
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