UNITED STATES CELLULAR CORP
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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Operational Overview
| As of December 31, | 2023 | 2022 |
|---|---|---|
| Retail Connections – End of Period | ||
| Postpaid | 4,106,000 | 4,247,000 |
| Prepaid | 451,000 | 493,000 |
| Total | 4,557,000 | 4,740,000 |
| Year Ended December 31, | 2023 | 2022 | 2023 vs. 2022 |
|---|---|---|---|
| Postpaid Activity and Churn | |||
| Gross Additions | |||
| Handsets | 339,000 | 397,000 | (15)% |
| Connected Devices | 178,000 | 162,000 | 10% |
| Total Gross Additions | 517,000 | 559,000 | (8)% |
| Net Additions (Losses) | |||
| Handsets | (145,000) | (110,000) | (32)% |
| Connected Devices | 7,000 | (23,000) | N/M |
| Total Net Additions (Losses) | (138,000) | (133,000) | (4)% |
| Churn | |||
| Handsets | 1.10% | 1.12% | |
| Connected Devices | 2.77% | 2.95% | |
| Total Churn | 1.31% | 1.34% | |
Total postpaid handset net losses increased in 2023 due primarily to lower gross additions resulting from aggressive industry-wide competition.
Total postpaid connected device net additions increased in 2023 due primarily to higher demand for fixed wireless home internet as well as decreases in tablet and mobile hotspot churn.
Postpaid Revenue
| Year Ended December 31, | 2023 | 2022 | 2023 vs. 2022 |
|---|---|---|---|
| Average Revenue Per User (ARPU) | $51.01 | $50.14 | 2% |
| Average Revenue Per Account (ARPA) | $130.91 | $130.39 | – |
Postpaid ARPU increased in 2023 due to favorable plan and product offering mix and an increase in device protection plan revenues, partially offset by an increase in promotional discounts.
Postpaid ARPA was relatively flat in 2023 due to the impacts to Postpaid ARPU, offset by a decrease in the number of connections per account.
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