$TDS

Telephone and Data Systems (TDS) reported Q3 capital expenditures of $251M, with telecom revenue declining 3% and adjusted EBITDA falling due to rising costs and revenue headwinds. Residential fiber revenue grew 14%, offsetting legacy revenue pressures. TDS added 17,000 fiber customers, up 50% YoY, and maintained full-year fiber build targets. Array Digital Infrastructure, a TDS subsidiary, kept its 2026 outlook unchanged.

TDS projects 2026 telecom revenue between $990M and $1.01B, with $750M capital expenditure planned as fiber network expansion accelerates. The company's outlook reflects its investment in infrastructure growth.

Array Digital Infrastructure, Inc. reported Q3 2026 earnings, highlighting record fiber construction and strategic shifts. The company added 76,000 marketable addresses and withdrew an acquisition offer. Guidance was adjusted for lower revenue expectations and increased capital expenditure. Management expects growth inflection soon and plans to optimize its tower portfolio and spectrum sales.

Arelion and Nokia expanded optical spectrum by 21% on a 500-km route, enabling more traffic. TDS Telecom completed a Tennessee FTTH project, connecting 3,000+ locations. DE-CIX and TOWARDEX linked Boston's fiber infrastructure to New York's internet exchange.

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.

Leroy T. Carlson Jr., Vice Chair of TDS, sold 77,100 shares for $2.96m after exercising options. TDS reported Q2 earnings beat but missed revenue estimates, adjusting full-year guidance down. The company holds 82% of Array Digital Infrastructure, focusing on fiber and digital growth. InvestingPro notes TDS is overvalued with a P/E of 9.7 and strong financial health.

CARLSON LEROY T JR (Vice Chair) sold 77,100 shares of TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) at $38.45 ($2.96M total) on 2026-09-11.

Telephone & Data Systems (TDS) officer Anthony J. Carlson received 1,022 common shares as gifts on September 3, 2026, adding to his direct and indirect holdings. Post-transaction, he holds 33,125 shares directly, 511 shares indirectly through his wife, 71,476 shares via a voting trust, and 33,769 shares in a dividend reinvestment plan. No Rule 10b5-1 trading plan was reported.

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) declared Q3 2026 dividends: $0.04 per common share, $414.0625 per Series UU preferred share, and $375.0000 per Series VV preferred share. Payable September 30, 2026, to shareholders of record September 15, 2026. TDS provides broadband and wireless services.