Telephone and Data Systems, Inc. (TDS)

Telephone & Data Systems, Inc. (TDS) stock has experienced several notable events and price movements in the past six months. The stock has risen by 9.13% over the last six months as of January 14, 2026. From January 2, 2025, to December 31, 2025, the share price increased by 18.91%. As of November 11, 2025, TDS was up 1.64% over the past 30 days and 19.87% for the past 12 months. Key events include the sale of United States Cellular Corporation's cellular/wireless business to T-Mobile USA in August 2025, followed by a name change to Array Digital Infrastructure and a $23 per share special dividend. In November 2025, TDS announced its fourth quarter dividends and the appointment of Anthony Carlson as Array Digital Infrastructure's President and CEO. TDS also reported its third-quarter 2025 results, with total operating revenues decreasing but net income improving, and approved a new $500 million share repurchase program. In February 2025, TDS reported its fourth quarter and full year 2024 results, with decreased revenues but improved net income. In 2024, TDS sold OneNeck, a managed services and regional data center company.

Demand for Telephone & Data Systems, Inc.'s products and services exhibits some seasonality. The company's expansion markets, particularly in Wisconsin and the Pacific Northwest, are impacted by seasonal fluctuations. Construction activity and the delivery of service addresses are expected to accelerate beyond the winter months. Furthermore, TDS offers customers the option to place their High Speed Data, Voice, and Video services on a seasonal hold, indicating that demand for these services can vary throughout the year, with customers temporarily suspending services during certain periods.

Telephone & Data Systems, Inc. (TDS) is a telecommunications service company based in Chicago, Illinois, providing communication services and infrastructure across the United States. TDS operates in the Communications Services sector, providing broadband, cable, telephone, and wireless services through subsidiaries like TDS Telecom and Array Digital Infrastructure. TDS Telecom delivers high-speed internet, TV entertainment, and traditional phone services, along with business solutions like VoIP and data networking. Array Digital Infrastructure leases radio tower space, owning approximately 4,400 cell towers. TDS also offers hosted and managed IT services, including cloud computing and cybersecurity solutions.

TDS provides services to small to mid-sized urban, suburban, and rural communities throughout the U.S. Its services are available in numerous states, including Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Kentucky, Maine, Michigan, Minnesota, Mississippi, Montana, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Vermont, Virginia, Washington, and Wisconsin. TDS also maintains retail locations in Colorado, Idaho, Montana, Nevada, New Mexico, North Carolina, Oregon, Utah, Washington, and Wisconsin.

In the past year, Telephone & Data Systems, Inc. faced a lawsuit update in February 2025 concerning alleged securities laws violations. The lawsuit, filed by an investor in May 2023, claims that TDS and its subsidiary, UScellular, made materially false or misleading statements regarding UScellular's "free upgrade" promotional activity. Despite this legal challenge, TDS emphasizes its commitment to being a good corporate citizen and providing outstanding communications services and customer satisfaction. The company states that its information security program aligns with industry-standard cybersecurity frameworks, with annual risk assessments to drive continuous improvement.

Telephone & Data Systems, Inc. (TDS) has significant institutional ownership, with 642 institutional owners and shareholders holding a total of 125,466,148 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Third Point LLC, Dimensional Fund Advisors Lp, iShares Core S&P Small-Cap ETF, State Street Corp, Oaktree Capital Management Lp, Carronade Capital Management, LP, American Century Companies Inc and Avantis U.S. Small Cap Value ETF. Other notable institutional holders include Comerica Bank, Private Management Group Inc., Invesco Ltd., Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., and Geode Capital Management, Llc.