Telephone and Data Systems, Inc., a telecommunications company, provides communications services in the United States. It operates through three segments: UScellular, Wireline, and Cable. The company offers wireless solutions to consumers and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, asset management, smart water solutions, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including headphones, smart speakers, and home automation and business management solutions. It also provides replace and repair services; Trade-In program through which it buys customers' used equipment; internet connections and all-home WI-FI services; TDS TV+, an integrated cloud television platform that offers video content; local and long-distance telephone service, VoIP, and enhanced services; and broadband, IP-based services, and hosted voice and video collaboration services. It sells its products through retail sales, direct sales, third-party retailers, and independent agents, as well as through ecommerce and telesales. As of December 31, 2020, the company offers its services to customers 5 million wireless connections, and 1.2 million wireline and cable connections. The company was incorporated in 1968 and is headquartered in Chicago, Illinois.
IPO Year:
Exchange: NYSE
Website: tdsinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/11/2026 | Outperform → Mkt Perform | Raymond James | |
| 11/26/2025 | $45.00 | Buy | Citigroup |
| 11/7/2024 | $51.00 | Mkt Perform → Outperform | Raymond James |
| 8/8/2023 | $38.00 | Neutral → Overweight | JP Morgan |
| 8/4/2023 | Neutral → Buy | Citigroup | |
| 7/17/2023 | $14.00 → $8.00 | Buy → Neutral | Citigroup |
| 11/8/2022 | $21.00 → $14.00 | Underweight → Neutral | JP Morgan |
| 11/7/2022 | Strong Buy → Mkt Perform | Raymond James | |
| 4/19/2022 | $22.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/22/2022 | $33.00 → $25.00 | Strong Buy | Raymond James |
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Board declares special dividend of $11.00 per shareCHICAGO, June 1, 2026 /PRNewswire/ -- Array Digital Infrastructure, Inc. (NYSE:AD) (ArraySM) today announced the successful closing of the previously announced agreement with Verizon (NYSE:VZ) to sell a portion of the Company's retained spectrum licenses for total consideration of $1.0 billion. Additionally, certain spectrum sales to T-Mobile totaling $168M, primarily related to 700MHz and 600MHz, were completed in May.These transactions further the objective announced on May 28, 2024, to opportunistically monetize remaining spectrum following the sale of the T-Mobile wireless operation which closed on August 1, 2025.Considering the closing
CHICAGO, May 21, 2026 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE:TDS) has declared second quarter 2026 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares. TDS is paying a quarterly dividend of $0.04 per Common Share and Series A Common Share payable on June 30, 2026, to holders of record on June 16, 2026.TDS is paying a quarterly dividend of $414.0625 per share on the company's 6.625% Series UU Preferred shares; holders of depositary shares will receive $0.4140625 per depositary share payable on June 30, 2026, to holders of record on June 15, 2026.TDS is paying a quarterly dividend of $375.00
CHICAGO, May 11, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE:TDS) and Array Digital Infrastructure, Inc. (NYSE:AD) announce the following webcasts: Array℠ will hold its Annual Meeting of Shareholders on May 19, 2026, at 8:30 a.m. Central time.TDS will hold its Annual Meeting of Shareholders on May 21, 2026, at 9:00 a.m. Central time.To listen to the meetings, please visit the Events & Presentations pages of investors.tdsinc.com or investors.arrayinc.com. The meetings will be webcast both live and on-demand. It is recommended that you register at least 15 minutes before the beginning of each meeting to register, download and install any necessary multimedia streaming software.
TDS Telecom and Array both reaffirm guidance for 2026CHICAGO, May 8, 2026 /PRNewswire/ -- As previously announced, TDS will hold a teleconference on May 8, 2026, at 9:00 a.m. CT. Listen to the call live via the Events & Presentations page of investors.tdsinc.com.Telephone and Data Systems, Inc. (NYSE:TDS) reported first quarter 2026 operating results."TDS Telecom and Array entered 2026 with momentum," said Walter Carlson, TDS President and CEO. "Both business units are making meaningful progress toward their strategic objectives. During the quarter, TDS Telecom expanded its marketable fiber service footprint to 1.1 million addresses, while Array continued to optimize its operations and sec
CHICAGO, May 8, 2026 /PRNewswire/ -- Array Digital Infrastructure, Inc. (NYSE:AD) ("Array" or the "Company") confirmed today that its board of directors (the "Board") has received a non-binding proposal, dated May 7, 2026, from Telephone and Data Systems, Inc. (NYSE: TDS) ("TDS") to acquire all of the outstanding common shares of the Company not currently owned by TDS (the "Proposal"). A copy of the proposal letter from TDS is available as an exhibit to the Current Report on Form 8-K as publicly filed by TDS today with the Securities and Exchange Commission. Currently, TDS owns approximately 81.9% of the outstanding capital stock of and 95.9% of the voting interests in the Company. The Pr
Proposed transaction aims to streamline corporate structure and enhance capital flexibility to support TDS' long-term growth CHICAGO, May 8, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) (the "Company" or "TDS") today announced that it has submitted a proposal to the Board of Directors of Array Digital Infrastructure, Inc. (NYSE:AD) ("Array") to acquire, by way of a merger, all of the outstanding common shares of Array that are not currently owned by TDS in an all-stock transaction. Under the terms of the proposal, each Array Common Share not owned by TDS would be exchanged for 0.86 of a TDS Common Share (the "Exchange Ratio"). The Exchange Ratio assumes that the previous
CHICAGO, May 1, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE:TDS) and Array Digital Infrastructure, Inc. (NYSE: AD) will webcast their fourth quarter operating results conference call on May 8, 2026, at 9:00 a.m. Central Time. The companies will release their financial results on May 8, 2026. To listen to the webcast, please visit the events & presentations pages of investors.tdsinc.com or investors.arrayinc.com. The presentations will be webcast both live and on demand. It is recommended that you register at least 15 minutes before the beginning of the presentation to register, download, and install any necessary multimedia streaming software. About TDS Founded in 1969, Tele
CHICAGO, April 27, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE:TDS) announced the appointment of Bill Case as senior vice president and chief information officer, effective immediately. Case brings deep experience leading complex technology and business transformation in the broadband and digital infrastructure space. Most recently, he served as executive vice president and chief information officer at WOW! Internet, Cable, and Phone, where he was responsible for enterprise technology including IT, cybersecurity, business intelligence, and business transformation initiatives. In that role, Case helped drive improvements across customer experience, product development, and ove
CHICAGO, Feb. 24, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE:TDS) and Array Digital Infrastructure, Inc. (NYSE:AD) (Array SM) will present at the Raymond James 47th Annual Institutional Investors Conference in Orlando, Fla. on March 3, 2026, at 10:25 a.m. ET. Vicki L. Villacrez, Executive Vice President and Chief Financial Officer, and Kris Bothfeld, Vice President of Financial Analysis and Strategic Planning, of TDS will present. The presentation will be webcast both live and on demand. To listen to the presentation, please visit the events & presentations pages of investors.tdsinc.com or investors.arrayinc.com. It is recommended that you register at least 15 minutes before
TDS Telecom increases its long-term marketable fiber service goal to 2.1 million addressesTDS Telecom and Array provide 2026 guidanceCHICAGO, Feb. 20, 2026 /PRNewswire/ -- As previously announced, TDS will hold a teleconference on February 20, 2026, at 9:00 a.m. CST. Listen to the call live via the Events & Presentations page of investors.tdsinc.com.Telephone and Data Systems, Inc. (NYSE:TDS) reported results for the fourth quarter and full year 2025."2025 was a year of significant transformation for TDS," said Walter Carlson, President and CEO. "We completed the largest transaction in our history with the sale of our wireless business, launched a new tower company now operating as Array, an
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Raymond James downgraded Telephone & Data from Outperform to Mkt Perform
Citigroup resumed coverage of Telephone & Data with a rating of Buy and set a new price target of $45.00
Raymond James upgraded Telephone & Data from Mkt Perform to Outperform and set a new price target of $51.00
JP Morgan upgraded Telephone & Data from Neutral to Overweight and set a new price target of $38.00
Citigroup upgraded Telephone & Data from Neutral to Buy
Citigroup downgraded Telephone & Data from Buy to Neutral and set a new price target of $8.00 from $14.00 previously
JP Morgan upgraded Telephone & Data from Underweight to Neutral and set a new price target of $14.00 from $21.00 previously
Raymond James downgraded Telephone & Data from Strong Buy to Mkt Perform
Morgan Stanley downgraded Telephone & Data from Overweight to Equal-Weight and set a new price target of $22.00
Raymond James reiterated coverage of Telephone and Data with a rating of Strong Buy and set a new price target of $25.00 from $33.00 previously
Live Leadership Updates
CHICAGO, April 27, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE:TDS) announced the appointment of Bill Case as senior vice president and chief information officer, effective immediately. Case brings deep experience leading complex technology and business transformation in the broadband and digital infrastructure space. Most recently, he served as executive vice president and chief information officer at WOW! Internet, Cable, and Phone, where he was responsible for enterprise technology including IT, cybersecurity, business intelligence, and business transformation initiatives. In that role, Case helped drive improvements across customer experience, product development, and ove
CHICAGO, Nov. 7, 2025 /PRNewswire/ -- Array Digital Infrastructure, Inc. SM (NYSE:AD) (ArraySM), and Telephone and Data Systems, Inc. (NYSE:TDS) today announced Anthony Carlson will become the President and CEO of Array on November 16, 2025. Concurrently, Anthony Carlson will join the Array Board of Directors. As President and CEO of Array, he will be responsible for overseeing operations and strategic initiatives related to the portfolio of 4,400 owned towers, noncontrolling investment interests in wireless partnerships and retained wireless spectrum. "We are very pleased to have Anthony lead our growing tower business and provide strategic vision to its operations," said Walter Carlson, T
TDS Board Chair Walter C. D. Carlson appointed President and CEO LeRoy T. Carlson, Jr. to become Vice Chair Christopher D. O'Leary Appointed Lead Independent Director CHICAGO, Jan. 27, 2025 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE:TDS) announced today that effective February 1, 2025, Walter C. D. Carlson will succeed LeRoy ("Ted") T. Carlson, Jr. as TDS President and Chief Executive Officer. Ted Carlson will assume a newly created Vice Chair position focusing on enterprise strategy and will continue to serve in his current role as Chair of the Board of UScellular (NYSE:USM). Walter Carlson has served on the TDS Board since 1981 and has been the non-executive Chair of the TDS
Telecommunications luminary Wade Oosterman brings three decades of expertise driving transformation and profitable growth at Canada's largest telecom companies, further strengthening Calix market leadership amid the ongoing broadband industry disruption Calix, Inc. (NYSE:CALX) today announced that Wade Oosterman, former vice chairman of Bell Canada and president of Bell Media, BCE Inc. (NYSE:BCE), has been appointed to its board of directors. Highly regarded as an influential figure in telecommunications, Oosterman will provide valuable counsel as Calix continues transforming the broadband industry with its award-winning innovation portfolio. With the addition of Oosterman to its board, C
Villacrez brings telecommunications and financial leadership experience CHICAGO, Aug. 23, 2023 /PRNewswire/ -- Telephone and Data Systems, Inc (NYSE:TDS) has announced that the Board of Directors has appointed Vicki Villacrez, Executive Vice President and Chief Financial Officer to serve on the TDS Board. "Vicki brings extensive financial leadership and telecommunications industry experience to our Board of Directors, and we are confident that the Company will benefit significantly from her Board contributions," said Walter C. D. Carlson, TDS Board chairman. Ms. Villacrez is currently Executive Vice President and Chief Financial Officer of TDS. She has extensive leadership experience in the
MADISON, Wis., March 17, 2023 /PRNewswire/ -- OneNeck® IT Solutions is pleased to announce the appointment of Theodore (Ted) Wiessing as its new President and Chief Executive Officer (CEO), effective today. Wiessing succeeds Terry Swanson, who stepped down after 6 years at the helm. OneNeck® IT Solutions announces the appointment of Theodore (Ted) Wiessing as its new President and CEO."Ted is a proven technology and security leader with a distinguished track record of innovation, talent development, and a deep knowledge of OneNeck," said LeRoy T. Carlson, Jr., TDS President an
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Live finance-specific insights
Board declares special dividend of $11.00 per shareCHICAGO, June 1, 2026 /PRNewswire/ -- Array Digital Infrastructure, Inc. (NYSE:AD) (ArraySM) today announced the successful closing of the previously announced agreement with Verizon (NYSE:VZ) to sell a portion of the Company's retained spectrum licenses for total consideration of $1.0 billion. Additionally, certain spectrum sales to T-Mobile totaling $168M, primarily related to 700MHz and 600MHz, were completed in May.These transactions further the objective announced on May 28, 2024, to opportunistically monetize remaining spectrum following the sale of the T-Mobile wireless operation which closed on August 1, 2025.Considering the closing
CHICAGO, May 21, 2026 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE:TDS) has declared second quarter 2026 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares. TDS is paying a quarterly dividend of $0.04 per Common Share and Series A Common Share payable on June 30, 2026, to holders of record on June 16, 2026.TDS is paying a quarterly dividend of $414.0625 per share on the company's 6.625% Series UU Preferred shares; holders of depositary shares will receive $0.4140625 per depositary share payable on June 30, 2026, to holders of record on June 15, 2026.TDS is paying a quarterly dividend of $375.00
TDS Telecom and Array both reaffirm guidance for 2026CHICAGO, May 8, 2026 /PRNewswire/ -- As previously announced, TDS will hold a teleconference on May 8, 2026, at 9:00 a.m. CT. Listen to the call live via the Events & Presentations page of investors.tdsinc.com.Telephone and Data Systems, Inc. (NYSE:TDS) reported first quarter 2026 operating results."TDS Telecom and Array entered 2026 with momentum," said Walter Carlson, TDS President and CEO. "Both business units are making meaningful progress toward their strategic objectives. During the quarter, TDS Telecom expanded its marketable fiber service footprint to 1.1 million addresses, while Array continued to optimize its operations and sec
Proposed transaction aims to streamline corporate structure and enhance capital flexibility to support TDS' long-term growth CHICAGO, May 8, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) (the "Company" or "TDS") today announced that it has submitted a proposal to the Board of Directors of Array Digital Infrastructure, Inc. (NYSE:AD) ("Array") to acquire, by way of a merger, all of the outstanding common shares of Array that are not currently owned by TDS in an all-stock transaction. Under the terms of the proposal, each Array Common Share not owned by TDS would be exchanged for 0.86 of a TDS Common Share (the "Exchange Ratio"). The Exchange Ratio assumes that the previous
CHICAGO, May 1, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE:TDS) and Array Digital Infrastructure, Inc. (NYSE: AD) will webcast their fourth quarter operating results conference call on May 8, 2026, at 9:00 a.m. Central Time. The companies will release their financial results on May 8, 2026. To listen to the webcast, please visit the events & presentations pages of investors.tdsinc.com or investors.arrayinc.com. The presentations will be webcast both live and on demand. It is recommended that you register at least 15 minutes before the beginning of the presentation to register, download, and install any necessary multimedia streaming software. About TDS Founded in 1969, Tele
TDS Telecom increases its long-term marketable fiber service goal to 2.1 million addressesTDS Telecom and Array provide 2026 guidanceCHICAGO, Feb. 20, 2026 /PRNewswire/ -- As previously announced, TDS will hold a teleconference on February 20, 2026, at 9:00 a.m. CST. Listen to the call live via the Events & Presentations page of investors.tdsinc.com.Telephone and Data Systems, Inc. (NYSE:TDS) reported results for the fourth quarter and full year 2025."2025 was a year of significant transformation for TDS," said Walter Carlson, President and CEO. "We completed the largest transaction in our history with the sale of our wireless business, launched a new tower company now operating as Array, an
CHICAGO, Feb. 20, 2026 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE:TDS) has declared first quarter 2026 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares. TDS is paying a quarterly dividend of $0.04 per Common Share and Series A Common Share payable on March 31, 2026, to holders of record on March 16, 2026.TDS is paying a quarterly dividend of $414.0625 per share on the company's 6.625% Series UU Preferred shares; holders of depositary shares will receive $0.4140625 per depositary share payable on March 31, 2026, to holders of record on March 16, 2026.TDS is paying a quarterly dividend of $37
CHICAGO, Feb. 13, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and Array Digital Infrastructure, Inc.SM (NYSE: AD) will webcast their fourth quarter operating results conference call on February 20, 2026, at 9:00 a.m. Central Time. The companies will release their financial results on February 20, 2026. To listen to the webcast, please visit the events & presentations pages of investors.tdsinc.com or investors.arrayinc.com. The presentations will be webcast both live and on demand. It is recommended that you register at least 15 minutes before the beginning of the presentation to register, download, and install any necessary multimedia streaming software. About TDS F
CHICAGO, Nov. 21, 2025 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS) has declared fourth quarter 2025 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares. TDS is paying a quarterly dividend of $0.04 per Common Share and Series A Common Share payable on December 30, 2025, to holders of record on December 15, 2025.TDS is paying a quarterly dividend of $414.0625 per share on the company's 6.625% Series UU Preferred shares; holders of depositary shares will receive $0.4140625 per depositary share payable on December 30, 2025, to holders of record on December 15, 2025.TDS is paying a quarterly
Announces new $500 million share repurchase authorization CHICAGO, Nov. 7, 2025 /PRNewswire/ -- As previously announced, TDS will hold a teleconference on November 7, 2025, at 9:00 a.m. CST. Listen to the call live via the Events & Presentations page of investors.tdsinc.com. Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues from continuing operations of $308.5 million for the third quarter of 2025, versus $327.5 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share from continuing operations were $40.2 million and $0.33, respectively, for the third quarter of 2025 compared