Overview
- TDS posted EPS of $0.33 on operating revenue of $308.52 million, with an operating loss of $67.97 million and cash of $937.19 million.
- TDS repurchased 1,077,564 shares for $40.7 million in Q3 and authorized a new $500 million share repurchase program.
- TDS Telecom revenue was $255.11 million, down 3% year over year, as the unit added 42,000 marketable fiber addresses and 11,200 residential connections, surpassing 1 million fiber passings.
- Array closed the sale of wireless operations and select spectrum to T-Mobile on August 1, paid a $23 special dividend, reported revenue of $47.12 million up 83%, and saw site-rental revenue rise 68% excluding non-cash amortization, with Anthony Carlson set to become CEO on November 16.
- Full-year 2025 guidance for TDS Telecom calls for $1.03–$1.05 billion in operating revenue, adjusted OIBDA of $310–$340 million, adjusted EBITDA of $320–$350 million, and capital expenditures of $375–$425 million.