TDS Telecom Hits Expansion Market Milestone, Exceeding 100,000 Residential Broadband Connections In Its Expansion Markets
Portfolio Pulse from Benzinga Newsdesk
TDS Telecommunications LLC reported significant growth in its first quarter earnings, highlighting a 5% increase in total operating revenues and a milestone of exceeding 100,000 residential broadband connections in its expansion markets. The company added 28,000 marketable fiber service addresses this quarter, aiming for 125,000 by year-end. TDS Telecom's fiber strategy has led to a 12% year-over-year growth in total service addresses and improvements in profitability. The company is progressing towards its long-term goals, including reaching 1.2 million marketable fiber service addresses and increasing the percentage of service addresses served with fiber. Demand for higher broadband speeds is rising, with significant customer uptake of 100 Mbps or greater and 1 Gig or higher speeds. TDS Telecom's residential broadband connections grew by 6%, contributing to a 10% increase in total residential revenue.

May 03, 2024 | 3:25 pm
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TDS Telecom's Q1 report shows strong growth in revenues, broadband connections, and progress in fiber expansion, indicating a positive outlook for the company.
The positive earnings report, with significant increases in revenue, broadband connections, and progress towards fiber expansion goals, suggests a strong short-term outlook for TDS Telecom. The company's successful fiber strategy and increasing demand for high-speed internet are likely to continue driving growth, making this news highly relevant and important for investors.
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