PR Newswire·May 8, 2026, 7:27 AM ET

TDS reports first quarter 2026 results

TDS

TDS Telecom and Array reaffirmed their full-year 2026 financial guidance without changes.
TDS Telecom expanded its marketable fiber footprint to 1.1 million addresses & added 40,000 new marketable fiber service addresses in Q1 2026.
TDS Telecom achieved 10,900 net residential fiber connections in Q1 2026.
TDS Telecom revenues declined 3% year-over-year to $249.6 million, a $6 million reduction attributed to divestitures of non-strategic assets.
TDS announced an agreement to acquire Granite State Communications in New Hampshire, adding 11,000 fiber service addresses, with closing expected in Q3 2026.
Array site rental revenues grew 92% year-over-year to $51.0 million in Q1 2026.
Array secured healthy application volume & continues to grow tower tenancy excluding the impact of DISH.
Array closed the sale of certain 700 MHz wireless spectrum licenses on May 5, 2026, generating $74.8 million in proceeds.
Total TDS operating revenues from continuing operations reached $309.5 million in Q1 2026, up from $290.4 million in the prior year period.
TDS reported net income attributable to common shareholders of $129.3 million ($1.11 per share) for Q1 2026, compared to a net loss of $23.2 million in Q1 2025.
On January 13, 2026, Array sold 3.45 GHz & 700 MHz wireless spectrum licenses for $1,018.0 million, resulting in a $150.9 million book gain.
TDS delivered a non-binding proposal to acquire all outstanding Array Common Shares not owned by TDS on May 7, 2026.
Array established a special committee of independent directors to evaluate the non-binding acquisition proposal.
TDS Telecom 2026 estimated total operating revenues remain at $1,015-$1,055 million with unchanged adjusted OIBDA of $300-$340 million.
Array 2026 estimated total operating revenues remain at $200-$215 million with unchanged adjusted OIBDA of $50-$65 million.
TDS Telecom capital expenditures for Q1 2026 were $126.0 million, while Array capital expenditures were $8.6 million.