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Telephone & Data Systems Inc. (NYSE:TDS) reported Monday that its subsidiary, United States Cellular (NYSE:USM) Corporation (UScellular), entered into a Fourth Amended and Restated Credit Agreement on Wednesday of last week. The agreement involves UScellular, CoBank, ACB as Administrative Agent, and a group of lenders.
Details of the amended credit agreement, including its terms and conditions, were incorporated by reference from a related UScellular Form 8-K filed on the same day. The filing also noted that the new agreement creates a direct financial obligation for UScellular.
The information is based on a press release statement included in a Securities and Exchange Commission filing. With TDS currently trading above its Fair Value according to InvestingPro analysis, investors should carefully monitor the company’s financial metrics and market position.
In other recent news, Telephone and Data Systems Inc (TDS) reported disappointing first-quarter 2025 earnings, with an earnings per share (EPS) loss of -0.09, missing the forecasted -0.01. Revenue also fell short, reaching $1.15 billion against an expected $1.17 billion. Despite these setbacks, the company is focusing on expanding its fiber network and achieving cost savings. TDS anticipates a major transaction with T-Mobile to close by mid-2025, which could enhance its competitive positioning. In leadership developments, Ken Dixon has been appointed as the new CEO of TDS Telecommunications LLC, a subsidiary of TDS. Dixon, who brings over three decades of experience, succeeds Jim Butman. Meanwhile, TDS’s subsidiary U.S. Cellular generated $79 million in free cash flow, indicating positive cash flow developments. These recent developments highlight TDS’s ongoing strategic initiatives and leadership changes.
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