TDS declares Q3 2026 dividends on common and preferred shares

Telephone and Data Systems, Inc. (TDS) shares rose 6.84% to $35.92 on Wednesday after the company abandoned its bid to acquire Array Digital Infrastructure, Inc. shares. The stock has ranged from $31.51 to $49.12 over the past year.

Telephone and Data Systems (TDS) stock rose 7.8% after withdrawing its bid to acquire the remaining 18% of Array Digital Infrastructure. The company will instead focus on share buybacks, with $523.9 million available under existing programs. CEO Walter Carlson cited disagreements over deal terms. The broader market also gained, with the S&P 500 up 0.6% and the Dow Jones up 0.8%.

Telephone and Data Systems (TDS) reported Q2 results with its tower unit Array Digital Infrastructure. TDS said fiber added about 66,000 marketable addresses in the quarter and raised full-year fiber guidance to 250,000 to 300,000. Legacy telecom revenue fell, and TDS trimmed telecom revenue guidance to $1.0B to $1.025B. TDS also has a pending offer to buy Array minority shares.

Telephone and Data Systems (TDS) reported Q2 2026 consolidated operating revenue of $309.3 million, up from $298.5 million, and net income attributable to TDS common shareholders of $260.6 million versus a $6.0 million loss a year earlier, driven by spectrum license gains. TDS Telecom revised full-year revenue guidance to $1.0B-$1.025B and raised fiber address and capex targets; Array reported higher site rental revenue and guidance after Verizon and T-Mobile spectrum transactions.

Telephone and Data Systems (TDS) reported Q2 operating revenue down 6% year over year, citing legacy copper and cable pressure despite residential fiber net additions of about 15,100 (+47%). TDS cut 2026 revenue guidance to $1.0B-$1.025B and adjusted EBITDA to $310M-$330M, with capex $625M-$675M. Array Digital Infrastructure also updated 2026 outlook after spectrum sales.

Telephone and Data Systems (TDS) reported Q2 2026 results and discussed a fiber build driven by record fiber address delivery. Management raised 2026 fiber service address guidance to 250,000-300,000, lowered revenue guidance to $1.00-$1.025B, and raised CapEx to $625M-$675M. It expects to close Granite State Communications in Q3 2026 and noted TDS share repurchases are restricted.