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PR Newswire·

TDS reports third quarter 2025 results

TDS
  • Telephone and Data Systems, Inc. (TDS) announced a new $500 million share repurchase authorization additive to its existing balance.
  • TDS reported third-quarter 2025 operating revenues of $308.5 million, a decrease from $327.5 million in the same period in 2024.
  • Net income attributable to TDS common shareholders for Q3 2025 was $40.2 million ($0.33 per diluted share), compared to a loss of $100.4 million ($0.88 per diluted share) in 2024.
  • The company repurchased 1,077,564 common shares for $40.7 million during the third quarter.
  • TDS Telecom delivered 42,000 marketable fiber service addresses and added 11,200 residential fiber connections in Q3 2025.
  • TDS Telecom revenues declined 3% due to $6 million in divestitures of non-strategic assets.
  • Array Digital Infrastructure closed the sale of its wireless operations and select spectrum assets to T-Mobile on August 1, 2025.
  • Array paid a $23 per share special dividend on August 19, 2025, and commenced a Master Lease Agreement with T-Mobile on August 1, 2025.
  • Additional spectrum sales are expected to generate aggregate proceeds of $178 million.
  • Anthony Carlson was appointed President and CEO of Array effective November 16, 2025, succeeding Doug Chambers.
  • TDS Telecom 2025 estimated total operating revenues remain unchanged at $1,030 million to $1,050 million.
  • TDS Telecom 2025 estimated Adjusted EBITDA remains unchanged at $320 million to $350 million.
  • TDS Telecom 2025 estimated Adjusted OIBDA remains unchanged at $310 million to $340 million.
  • TDS Telecom 2025 estimated capital expenditures remain unchanged at $375 million to $425 million.
  • TDS held a teleconference on November 7, 2025, at 9:00 a.m. CST to discuss these results.
  • Array reported a 68% increase in site rental revenues excluding non-cash amortization following the T-Mobile transaction.
  • Total residential broadband connections for TDS Telecom stood at 562,400 as of September 30, 2025.
  • TDS Telecom experienced a total residential broadband churn rate of 1.7% in Q3 2025.