Significant Investments and Strategic Transactions
U.S. Cellular and TDS made significant investments in 5G mid-band deployment and fiber expansion. The company announced a series of transactions, including the sale of its wireless business to T-Mobile and Spectrum transactions with Verizon and AT&T, which are expected to deliver substantial proceeds.
Financial Discipline and Improved Cash Flow
Capital expenditures were down 24% for the full year, contributing to an increase in free cash flow. U.S. Cellular paid down over $200 million in debt and maintained a strong balance sheet.
Fiber Expansion and Revenue Growth
TDS Telecom increased fiber service addresses by 129,000 in 2024 and residential revenues grew by 6%. The company set new long-term fiber goals, targeting 1.8 million marketable fiber service addresses.
Positive Financial Performance
Adjusted EBITDA increased 7% on a consolidated basis, and U.S. Cellular ranked first in the North Central region in JD Power's 2025 U.S. Wireless Network Quality Performance Study.