Telephone and Data Systems Inc., a provider of wireless products and wired telecommunications services, said Thursday that promotions it offered in response to competition cut into revenues and profits during the quarter that ended in December at its largest subsidiary, U.S. Cellular.
Telephone and Data Systems
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Telephone and Data Systems buys Iowa company
From The Des Moines Register | Telephone and Data Systems Inc., the parent company of TDS Telecommunications Corp., has purchased the Iowa data center company TEAM Technologies, which has centers in Cedar Falls, the Des Moines metro area and Madison, Wis., for $47 million.
TDS, U.S. Cellular profit up despite lost subscribers
Third-quarter earnings at Telephone & Data Systems Inc. and its U.S. Cellular Corp. business rose, with U.S. Cellular losing more subscribers than a year earlier.
Both companies topped analysts’ expectations and adjusted their revenue outlooks for the full year. U.S. Cellular narrowed its target while TDS raised its to $785 million to $800 million from $760 million to $790 million as the company also expects higher profit than before. Get the full story »
Aug. 5, 2010 at 8:27 a.m.
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Filed under: Cell phones, Earnings, Telecommunications, Wireless TDS, U.S. Cellular profits fall in 2Q
Second-quarter earnings at Telephone & Data Systems Inc. and its U.S. Cellular Corp. business declined, while U.S. Cellular lost fewer overall subscribers than it did a year earlier.
Earnings for both companies missed analysts’ expectations, and U.S. Cellular also lowered its guidance for full-year service revenue to $3.93 billion to $4 billion from $3.98 billion to $4.08 billion. Get the full story »
