Last $26.34 USD
Change Today +0.62 / 2.41%
Volume 433.0K
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

telephone and data systems (TDS) Key Developments

Telephone & Data Systems Inc. Amends Bylaws

Telephone & Data Systems Inc. amended its bylaws effective August 20, 2014 to provide that, in addition to LeRoy T. Carlson, the company's Board of Directors could appoint other former directors as director emeritus.

Telephone and Data Systems Maintains Quarterly Dividend, Payable on September 30, 2014

Telephone and Data Systems announced that it will pay a third quarter 2014 dividend of $0.134 per common share and series A common share, unchanged from the previous quarter. Payment will be made on September 30, 2014, to shareholders of record as of September 15, 2014.

Telephone & Data Systems Inc. Appoints David A. Wittwer to Board of Directors

Telephone & Data Systems Inc. announced that David A. Wittwer has been appointed to its board of directors, effective August 21, 2014. Wittwer will fill the directorship previously held by Donald C. Nebergall, who will become a director emeritus of TDS, also effective August 21, 2014. Wittwer is president and CEO of TDS Telecommunications Corporation (TDS Telecom), a wholly owned subsidiary of TDS. He has led TDS Telecom since 2007, with responsibility for TDS Telecom's wireline operations, and for TDS' cable and hosted and managed services operations. Wittwer joined TDS' corporate division in 1983 as an internal auditor, and moved to TDS Telecom in 1988 as an accounting manager.

Telephone & Data Systems Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Telephone & Data Systems Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, operating revenues were $1,236.4 million against $1,228.2 million last year. Operating loss was $49.1 million against operating income of $282.2 million last year. Loss before income taxes was $39.4 million against income before income taxes of $311.0 million last year. Net loss available to common shareholders was $22.1 million or $0.20 per basic and diluted share against net income available to common shareholders of $156.1 million or $1.42 per diluted share last year. Cash flows from operating activities were $210.7 million against $275.1 million last year. Cash used for additions to property, plant and equipment was $189.0 million against $208 million last year. Adjusted free cash flow was $44.6 million against $67.2 million last year. For the six months, operating revenues were $2,432.4 million against $2,536.7 million last year. Operating loss was $28.4 million against operating income of $289.4 million last year. Loss before income taxes was $7.4 million against income before income taxes of $322.2 million last year. Net loss available to common shareholders was $3.8 million or $0.04 per basic and diluted share against net income available to common shareholders of $157.5 million or $1.44 per diluted share last year. Cash flows from operating activities were $315.6 million against $521.5 million last year. Cash used for additions to property, plant and equipment was $339.9 million against $384.3 million last year. Adjusted free cash flow was $9.9 million against $137.2 million last year. Adjusted income before income taxes was $383 million. For 2014, the company expects total operating revenues to be in the range of $4,970 million to $5,120 million, adjusted income before income taxes to be in the range of $605 million to $735 million, capital expenditures to be $850 million, loss before income taxes to be in the range of $249 million to $119 million and depreciation, amortization and accretion of $865 million.

Telephone & Data Systems Inc. to Report Q2, 2014 Operating Results on Aug 01, 2014

Telephone & Data Systems Inc. announced that they will report Q2, 2014 operating results at 11:57 AM, GMT Standard Time on Aug 01, 2014

 

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