United States Cellular Corporation (USM)

USM's earnings beat estimates in the second quarter, with strong momentum in the tower business. Decline in prepaid and postpaid connections hindered growth.

Although the revenue and EPS for U.S. Cellular (USM) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

United States Cellular (USM) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.2 per share a year ago.

United States Cellular Corporation (NYSE:USM ) Q2 2025 Earnings Conference Call August 11, 2025 10:00 AM ET Company Participants Colleen Thompson - Former Vice President of Corporate Relations Telephone and Data Systems, Inc. Douglas W. Chambers - Interim CEO, Interim President & Director United States Cellular Corporation Kristina Bothfeld - VP of Finance & CFO TDS Vicki L.

CHICAGO , Aug. 11, 2025 /PRNewswire/ -- On August 1, 2025, United States Cellular Corporation changed its name to Array Digital Infrastructure, Inc.SM (ArraySM) As previously announced, Array will hold a teleconference on August 11, 2025, at 9:00 a.m. CDT. Listen to the call live via the Events & Presentations page of investors.arrayinc.com or investors.tdsinc.com.

Besides Wall Street's top-and-bottom-line estimates for U.S. Cellular (USM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2025.

CHICAGO , Aug. 1, 2025 /PRNewswire/ -- Array Digital Infrastructure, Inc.SM ("ArraySM"), (NYSE: USM), formerly United States Cellular Corporation, has declared a special cash dividend of $23.00 per Common Share and Series A Common Share. The special dividend is payable on August 19, 2025, to shareholders of record on August 11, 2025.

CHICAGO , Aug. 1, 2025 /PRNewswire/ -- Array Digital Infrastructure, Inc.SM (NYSE: USM) (the "Company"), formerly known as United States Cellular Corporation, and Telephone and Data Systems, Inc. (NYSE: TDS) today announced the successful closing of the previously announced divestiture of the Company's wireless operations and select spectrum assets to T-Mobile US, Inc. (T-Mobile). Total consideration received in today's closing was $4.3 billion after adjustments, which includes a combination of $2.6 billion in cash proceeds and approximately $1.7 billion in debt assumed by T-Mobile through an exchange offer made to UScellular's debtholders, which is expected to close on August 5, 2025.

With T-Mobile's $4.4 B acquisition closing on Aug 1 and a special dividend of roughly $23 per share imminent, my sum-of-the-parts math pegs United States Cellular Corporation fair value at $69.41. Upside rests on leasing 4,400 rural towers into a 5G data boom and monetising the deep spectrum bank; downside stems from heavy reliance on T-Mobile (>40 % tower revenue). Ahead of USM Q2 results on Aug 11, I maintain a Hold: the cash windfall is locked, but future value hinges on management's execution of tower and spectrum deals.

CHICAGO , July 25, 2025 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) will be webcasting their second quarter operating results conference call on August 11, 2025, at 9:00 a.m. Central Time.

Expects to issue special dividend of $22.50 - $23.75 per share to shareholders Contingent on closing the sale of the wireless operations and subject to board approval CHICAGO , July 24, 2025 /PRNewswire/ -- United States Cellular Corporation (NYSE:USM) (the "Company") today announced that it expects its Board of Directors to approve a special cash dividend in the aggregate range amount of $1.950 billion - $2.075 billion following the closing of the sale of the Company's wireless operations and select spectrum assets to T-Mobile US, Inc. The expected dividend is in the range of $22.50 - $23.75 per Common Share and Series A Common Share. The board is expected to set a record and payment date at the time of declaration.

Appoints Doug Chambers as interim President and CEO of Array SM Expects to close on the sale of the wireless operations on August 1 CHICAGO , July 24, 2025 /PRNewswire/ -- United States Cellular Corporation (NYSE:USM) announced two developments today, each of which is subject to and will become effective upon the closing of the previously announced sale (the "T-Mobile Transaction") of its wireless operations to T-Mobile US, Inc. The T-Mobile Transaction is expected to close on August 1, 2025, subject to satisfaction of closing conditions. Upon closing: Douglas W.

CHICAGO , July 11, 2025 /PRNewswire/ -- United States Cellular Corporation (NYSE: USM) and Telephone and Data Systems, Inc. (NYSE: TDS) announce that the Federal Communications Commission issued an order today approving our transaction with T-Mobile US, Inc. We look forward to closing the transaction upon satisfaction of all closing conditions. A bout UScellular United States Cellular Corporation provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to customers with 4.4 million retail connections in 21 states.

CHICAGO , July 11, 2025 /PRNewswire/ -- United States Cellular Corporation (NYSE: USM) and Telephone and Data Systems, Inc. (NYSE: TDS) report that the US Department of Justice Antitrust Division announced yesterday that it has closed its investigation into the proposed transaction with T-Mobile. The transaction remains subject to approval by the Federal Communications Commission (FCC), and we continue to work with the FCC as they complete their independent assessment.

Disruption at the FCC has delayed T-Mobile's acquisition of US Cellular's wireless operation, with closure now likely in August or September 2025 after a new commissioner is sworn in. I remain bullish on TDS preferreds, especially Series VV, due to their steep discount to liquidation value and attractive 8.45% yield on cost. The USM sale will reduce TDS's debt and boost its cash position, serving as a catalyst for the preferreds and transforming the company's balance sheet.

USM reports a top-line contraction year over year in the first quarter of 2025, owing to weak demand for postpaid and prepaid connections.