TDS declares Q3 2026 dividends on common and preferred shares

Telephone and Data Systems Inc. (TDS) reported steady financials, including $5.08B TTM revenue and $1.12B annual operating cash flow. It withdrew an acquisition offer for Array Digital Infrastructure, opting for share buybacks and spectrum asset sales. TDS has $523.9M authorized for buybacks and plans to monetize Array's spectrum to fund fiber expansion. Institutional interest grew, with low short interest. Investors will watch execution of buybacks and asset sales.

Telephone and Data Systems Inc. (TDS) shares rose 6.8% after withdrawing its proposal to acquire the remaining 18% stake in Array Digital Infrastructure Inc. (AD). TDS cited disagreement on terms and timing, but will continue to hold 82% of Array. TDS plans to resume share buybacks, with $523.9 million remaining under its repurchase programs, and both companies will focus on monetizing Array's wireless spectrum assets.

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.