Telephone and Data reports Q3 EPS (16c), consensus (11c)

Reports Q3 revenue $1.278B, consensus $1.28B. Reports Q3 UScellular postpaid ARPU up 2%. “The TDS Family of Companies continues to invest in its networks to improve its competitive positions,” said LeRoy T. Carlson, Jr., TDS President and CEO. “UScellular is rolling out 5G mid-band spectrum, and TDS Telecom is deploying fiber in attractive markets. At UScellular, while working to improve subscriber results amidst a challenging market, the organization’s financial discipline has enabled the team to deliver a notable increase in profitability. And its growth initiatives – the tower portfolio and fixed wireless services – are both contributing nicely to the gains. Due to better-than-expected fiber service address delivery results, TDS Telecom is raising its 2023 fiber service address delivery goal to 200,000. I am pleased that TDS Telecom’s fiber expansion program is driving broadband connection and revenue growth.”