Monetization of Spectrum
US Cellular entered into agreements with multiple carriers to sell portions of spectrum for proceeds over $1 billion, highlighting significant value and demand for these licenses.
Improved Subscriber Momentum
Retail net losses improved by 20,000 subscribers year over year, and postpaid handset net losses improved by 10,000 year over year due to better churn rates and promotional strategies.
Positive Financial Performance
Improvement in adjusted operating income before depreciation and amortization by 1% and adjusted EBITDA by 3%. Free cash flow increased by $94 million year-to-date.
Fiber Expansion Success
TDS Telecom expanded service addresses by 9% year over year, with a 21% increase in adjusted EBITDA for the quarter and a 4% growth in residential broadband connections year over year.
Recognition for Network Quality
US Cellular ranked number one in the North Central Region J.D. Power study, indicating strong customer satisfaction with ongoing 5G network investments.