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General

TDS profit halves in Q3 on strong investments, less subscribers

Friday 1 November 2019 | 11:48 CET | News
US operator TDS said revenues lifted to USD 1.321 billion in the third quarter, from 1.297 billion the year before. The net profit meanwhile more than halved to USD 18 million or USD 0.15 per share, from 46 million and 0.41 per share. CEO LeRoy Carlson said the results reflect investments being made across the TDS family of companies, namely for network improvements at US Cellular and in the deployment by TDS Telecom of fibre in new out-of-territory fibre markets. For the full year, TDS reitered its guidance for TDS Telecom, upped the revenue guidance for US Cellular revenues but lowered

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Categories: General
Companies: TDS Telecom / US Cellular
Countries: United States
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