Telephone And Data Systems Reaffirms 2024 Guidance; UScellular Service Revenues At $2.95B-$3.05B, TDS Telecom Total Operating Revenues At $1.07B-$1.10B
Portfolio Pulse from Benzinga Newsdesk
Telephone And Data Systems (TDS) reaffirmed its 2024 guidance, with UScellular projecting service revenues between $2.95B-$3.05B and TDS Telecom expecting total operating revenues of $1.07B-$1.10B. TDS Telecom has added 28,000 marketable fiber service addresses in Q1 and aims to reach 125,000 by 2024. Additionally, TDS and UScellular are exploring strategic alternatives for UScellular, with the review process still active.
May 03, 2024 | 11:37 am
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TDS reaffirmed its 2024 guidance with strong revenue projections for UScellular and TDS Telecom, and is exploring strategic alternatives for UScellular.
Reaffirming 2024 guidance with positive revenue projections and the exploration of strategic alternatives for UScellular indicates a proactive and growth-oriented management approach. This could lead to investor optimism about TDS's future prospects and strategic positioning, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90