Telephone and Data Systems shares are trading higher after the company announced its subsidiary, United State Cellular, sold select licenses for spectrum in the AWS and PCS bands.
Portfolio Pulse from Benzinga Newsdesk
United State Cellular, a subsidiary of Telephone and Data Systems, has sold select licenses for spectrum in the AWS and PCS bands.
October 18, 2024 | 4:36 pm
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POSITIVE IMPACT
Telephone and Data Systems' subsidiary, United State Cellular, has sold select spectrum licenses, which could positively impact TDS's financials.
The sale of spectrum licenses by United State Cellular, a subsidiary of TDS, is likely to generate revenue, positively impacting TDS's financial position. This transaction is significant for TDS as it involves asset management and potential revenue generation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80