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TELEPHONE & DATA SYSTEMS INC /DE/

For the period ended Mar 31, 2025. Filed May 2, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 2, 2025

TDS$32.87+1.6%Stored close · as of Nov 6, 2026

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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,
202520242025 vs. 2024
(Dollars in millions)
Operating Revenues
Wireless$864$925(7)%
Towers61585%
Intra-company eliminations(34)(33)(3)%
Total operating revenues891950(6)%
Operating expenses
Wireless844896(6)%
Towers403611%
Intra-company eliminations(34)(33)(3)%
Total operating expenses850899(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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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.