Telephone and Data reports Q1 EPS 10c, consensus (5c)

Reports Q1 revenue $1.26B, consensus $1.26B. “The TDS Family of Companies’ ongoing commitment to quality networks supports our mission of providing outstanding communications services to our customers,” said LeRoy Carlson, Jr., TDS President and CEO. “Our customers are benefiting from the deployments of mid-band spectrum and fiber. UScellular continues to balance subscriber growth with financial discipline in this highly competitive environment. Though we lost postpaid customers in the first quarter, UScellular made progress in postpaid churn reduction. Increased postpaid ARPU and ongoing cost optimization programs drove notable improvements in profitability. TDS Telecom is seeing strong growth in revenue and profitability primarily as a result of the significant broadband investments made over the past couple of years. With steady fiber service address delivery and successful selling activities, TDS Telecom reached a milestone by exceeding 100,000 residential broadband connections in our expansion markets. TDS Telecom deployed an additional 28,000 marketable fiber service addresses in the first quarter and is on track to reach its goal of delivering 125,000 new marketable service addresses in 2024.”