Chicago, IL – Telephone and Data Systems, Inc. held a conference call to discuss its Q2 2024 earnings. Key company representatives were present, including Vice President of Corporate Relations Colleen Thompson, Executive Vice President and CFO Vicki L. Villacrez, President and CEO of UScellular LT Therivel, Executive Vice President and CFO Doug Chambers, and Senior VP of Finance and CFO of TDS Telecom Michelle Brukwicki.

The conference call, which was webcasted on the company’s Investor Relations websites, highlighted the strategic initiatives and financial results of the company’s different business units. The discussion focused on the recent announcements regarding transactions and agreements made by TDS, including plans to sell off certain operations. These decisions were made to unlock shareholder value and support the company’s ongoing investments in fiber programs.

Villacrez emphasized the significant improvements in adjusted EBITDA and free cash flow for both business units. She highlighted the company’s focus on cost efficiencies and investments in network infrastructure to meet the growing demand for data and connectivity.

Therivel discussed the pending transaction with T-Mobile and the potential benefits it brings to customers. He emphasized the importance of a smooth transition for customers and the intention to continue enhancing network capabilities. Additionally, discussions revolved around the opportunities presented by the growth of the tower portfolio through co-locators without significant additional capital investment.

Brukwicki provided insights into TDS Telecom’s approach to convergence in fixed and mobile services, particularly through entering the MVNO market to offer bundled services. The company sees this as an opportunity to expand its product portfolio and meet customer demands for comprehensive services.

Overall, the conference call underscored the company’s strategic focus on enhancing customer experience, expanding network capabilities, and leveraging opportunities in the telecommunications market to drive growth and profitability.

The call concluded with a reminder for participants to reach out to Investor Relations for further inquiries and wishes for a good weekend.