A Brief History of Telephone and Data Systems, Inc. (TDS)

Founding and Early Years

Telephone and Data Systems, Inc. (TDS) was founded in 1969 by LeRoy T. Carlson. The company began its operations focusing on providing telephone service to rural areas, and it has since expanded its services significantly. TDS went public in 1983, and it was listed on the New York Stock Exchange (NYSE) under the ticker symbol TDS.

Company Growth and Acquisitions

Over the years, TDS has engaged in numerous acquisitions to bolster its growth. By 2022, TDS provided services to approximately 1.3 million customers across the United States.

• Acquisition of U.S. Cellular in 1986, which became a major subsidiary
• Acquisition of Continental Telephone Corporation in 1994, enhancing its geographical footprint
• Acquisition of various cable and internet service providers

Financial Performance

As of the end of the fiscal year 2022, TDS reported revenue of $1.61 billion, with operating income of $302 million. The net income for the same period stood at $162 million, reflecting a growth trajectory since its inception.

Service Expansion

TDS has diversified its offerings over the years. As of 2023, TDS provides a range of services including:

• Wireless Services
• Broadband Internet
• Television Services
• Voice Services

Market Position

TDS, through U.S. Cellular, is one of the largest wireless carriers in the U.S. As of 2022, U.S. Cellular reported approximately 5 million subscribers. The company operates in 23 states and has access to a wireless network covering over 11 million people.

Recent Developments

In 2023, TDS announced plans for expanding its fiber network to cover additional rural areas, which is projected to reach an estimated additional 300,000 households by 2025. Moreover, TDS continues to invest significantly in technology upgrades, with over $200 million earmarked for capital expenditures in 2023.

A Who Owns Telephone and Data Systems, Inc. (TDS)

Ownership Structure

Telephone and Data Systems, Inc. (TDS) operates under a complex ownership structure. As of the latest available data, the following entities hold significant shares in TDS:

Major Institutional Holders

Several institutional investors dominate the ownership landscape of TDS. The following table outlines the top institutional shareholders:

Executive Management

The executive team at TDS also holds a notable percentage of the company's shares. Key executives include:

• LeRoy T. Carlson, Jr. - President and CEO, approximately 1,200,000 shares.
• Joseph A. D'Angelo - Senior Vice President and CFO, approximately 800,000 shares.
• Marie H. Carlson - Executive Vice President, approximately 600,000 shares.
• Michael D. Carlston - Senior Vice President of Operations, approximately 400,000 shares.

Financial Performance

For the fiscal year 2022, TDS reported the following financial metrics:

Recent Developments

TDS has been involved in various strategic initiatives to enhance its value. Important recent developments include:

• Acquisition of regional telecommunications companies to expand service coverage.
• Investment in 5G network infrastructure with an estimated budget of $200 million.
• Partnership with technology firms aimed at enhancing digital offerings.

Conclusion

The ownership of Telephone and Data Systems, Inc. is characterized by a diverse group of institutional and retail investors, along with a strong insider presence. The company's financial performance reflects steady growth and strategic investments aimed at positioning TDS for future success.

Telephone and Data Systems, Inc. (TDS) Mission Statement

Overview of TDS

Telephone and Data Systems, Inc. (TDS) is a diversified telecommunications company that offers services to a variety of markets, focusing primarily on wireless and wireline communications. TDS operates under the principles of innovation, customer service, and community involvement.

Mission Statement

The mission of TDS is to provide high-quality telecommunications services while embracing technology that enhances customer experience. TDS aims to connect customers to what matters most through reliable and innovative solutions.

Core Values

• Customer Focus: Prioritizing customer needs and satisfaction.
• Integrity: Upholding honesty and transparency in all dealings.
• Innovation: Continuously seeking advancements in technology.
• Community Engagement: Actively participating and investing in communities.

Financial Performance

As of the latest fiscal year, TDS reported significant financial outcomes, symbolizing the effectiveness of its mission-driven approach. The following table provides a comprehensive view of TDS's financial performance.

Market Position

TDS operates in multiple market segments, including wireless, broadband, and traditional telecommunications. The company's strategic initiatives and mission-driven approach have bolstered its market position. The following table illustrates TDS’s market share in various sectors.

Customer Engagement Strategies

To fulfill its mission, TDS implements various customer engagement strategies, including enhanced customer service channels and community outreach programs.

• 24/7 Customer Support: Providing uninterrupted support to customers.
• Community Grants: Offering financial support to local initiatives.
• Technology Upgrades: Regular enhancements to service offerings.

Future Aspirations

Looking ahead, TDS is focused on expanding its service offerings and enhancing customer experience through innovation and investment in new technologies while remaining committed to its mission and values.

How Telephone and Data Systems, Inc. (TDS) Works

Business Overview

Telephone and Data Systems, Inc. (TDS) is a telecommunications company that operates primarily in the United States. As of 2023, TDS serves approximately 6 million customers through its subsidiaries and various services, including wireless, broadband, and cable. The company is known for its commitment to providing high-quality communication services to both residential and business customers.

Revenue Streams

TDS generates revenue through multiple channels. The breakdown of revenue for the fiscal year 2022 is as follows:

Operational Structure

TDS operates through various segments, including:

• U.S. Cellular – Provides wireless service to over 4.9 million customers.
• TDS Telecom – Offers broadband and telephony services across the Midwest and beyond.
• Video Services – Delivers cable television services to residential and commercial clients.

Market Position

As of 2023, TDS holds a significant position in the telecommunications market. The company ranks as the 6th largest wireless carrier in the U.S. with a market share of approximately 3.5%.

Financial Performance

For the fiscal year ending December 31, 2022, TDS reported the following key financial metrics:

Investment in Technology

TDS continues to invest in technology to enhance customer experience and service delivery. In 2022, the company allocated approximately $300 million for network upgrades and expansions.

Employee Workforce

As of 2023, TDS employs around 8,300 individuals across its various operating segments.

Cultural Initiatives

TDS places a strong emphasis on community engagement and corporate responsibility. In 2022, the company contributed over $1 million to various community programs and initiatives.

Future Outlook

The company is poised for growth, with plans to expand its network infrastructure and market reach. TDS anticipates a yearly revenue growth rate of approximately 5% for the next five years.

How Telephone and Data Systems, Inc. (TDS) Makes Money

Telecommunications Services

Telephone and Data Systems, Inc. primarily generates revenue through its telecommunications services, which include wireless and wireline services. For the fiscal year 2022, TDS reported a revenue of approximately $1.37 billion from its wireless segment.

Wireless Operations

TDS operates its wireless segment primarily through its subsidiary, U.S. Cellular. In 2022, U.S. Cellular had approximately 5 million subscribers and generated around $4.68 billion in total operating revenues. Average Revenue Per User (ARPU) for U.S. Cellular in the same year was reported at $50.98 per month.

Wireline Operations

TDS also provides wireline telecommunications services, including data and broadband services. In 2022, the company generated approximately $1.2 billion in revenue from its wireline segment, serving around 1 million customers.

Data Services

The growth of broadband and data services has significantly contributed to TDS's revenue. The company reported that its broadband revenue was approximately $450 million in 2022, growing significantly from previous years.

Investments and Acquisitions

TDS continues to seek growth through strategic investments and acquisitions. In 2021, the company acquired Innovative Solutions & Support, Inc., boosting its capabilities in providing enhanced telecommunications solutions. The acquisition was valued at around $100 million.

Financial Performance Overview

In the fiscal year 2022, TDS reported a total revenue of approximately $6.02 billion. The operating income for the same year stood at $525 million, showcasing a profit margin of approximately 8.7%.

Conclusion of Revenue Streams

The diverse revenue streams from telecommunications, data services, and strategic investments, alongside a growing customer base, position TDS as a competitive player in the telecommunications sector.