TELEPHONE & DATA SYSTEMS INC /DE/
For the period ended Mar 31, 2025. Filed May 2, 2025.
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Mar 31, 2025 · Filed May 2, 2025
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UScellular Operations
Business Overview
UScellular provides wireless service throughout its footprint, and leases tower space to third-party carriers on UScellular-owned towers. UScellular is an 83%-owned subsidiary of TDS.
OPERATIONS
Serves customers with 4.4 million retail connections including approximately 3.9 million postpaid and 0.4 million prepaid connections
Operates in 21 states
Employs approximately 4,100 associates
Owns 4,413 towers
Operates 7,009 cell sites in service
Financial Overview — UScellular
| Three Months EndedMarch 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2025 vs. 2024 | |
| (Dollars in millions) | |||
| Operating Revenues | |||
| Wireless | $864 | $925 | (7)% |
| Towers | 61 | 58 | 5% |
| Intra-company eliminations | (34) | (33) | (3)% |
| Total operating revenues | 891 | 950 | (6)% |
| Operating expenses | |||
| Wireless | 844 | 896 | (6)% |
| Towers | 40 | 36 | 11% |
| Intra-company eliminations | (34) | (33) | (3)% |
| Total operating expenses | 850 | 899 | (5)% |
| Operating income | $41 | $51 | (19)% |
| Net income | $20 | $24 | (17)% |
| Adjusted OIBDA (Non-GAAP)1 | $215 | $228 | (6)% |
| Adjusted EBITDA (Non-GAAP)1 | $254 | $272 | (7)% |
| Capital expenditures2 | $53 | $131 | (60)% |
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