Soapy Bubbles
13 years ago
TDS Announces Sale of $300 Million of 7 Percent Notes
CHICAGO, March 22, 2011 /PRNewswire via COMTEX/ -- Telephone and Data Systems,
Inc. (TDS)(TDS.S) announced today that, on March 21, 2011, it sold $300 million
of 7 percent Senior Notes due 2060. The notes are callable at par on and after
March 15, 2016. Closing is expected to occur on March 28, 2011.
The notes are expected to be listed on the New York Stock Exchange under the
symbol "TDJ."
Following completion of the offering, TDS expects to use the net proceeds to
redeem all of TDS' 7.6 percent Series A Notes due 2041, of which $282.5 million
in aggregate principal amount remains outstanding, and to use the remaining net
proceeds for general corporate purposes.
TDS intends to file a prospectus supplement with the Securities and Exchange
Commission in connection with the offering. The prospectus supplement relates to
the shelf registration statement filed by TDS on Nov. 5, 2008, that became
effective on Nov. 5, 2008, which registered an indeterminate amount of debt
securities for offer and sale by TDS from time to time.
BofA Merrill Lynch, Citigroup, Wells Fargo Securities and UBS Investment Bank
were joint book-running managers.
The offering is being made only by means of the prospectus. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
Soapy Bubbles
13 years ago
TDS Announces First Quarter 2011 Dividend
Telephone And Data Systems, Inc. (NYSE:TDS)
Intraday Stock Chart
Today : Tuesday 1 March 2011
Click Here for more Telephone And Data Systems, Inc. Charts.
The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS, TDS.S), a leading provider of telecommunications services, has declared a first quarter 2011 dividend of $.1175 per Common Share, Special Common Share and Series A Common Share. Payment will be made on March 31, 2011, to shareholders of record on March 17, 2011.
TDS has increased its dividend on the common stock every year since 1974.
Soapy Bubbles
13 years ago
TDS 4Q Profit Up 24%, US Cellular Net Edges Up But Co Loses Subscribers
Last Update: 2/24/2011 8:37:20 AM
DOW JONES NEWSWIRES
Telephone & Data Systems Inc.'s (TDS) fourth-quarter profit rose 24% as its U.S.
Cellular Corp.'s (USM) profit edged higher even as the carrier again lost
subscribers.
U.S. Cellular has been losing postpaid subscribers amid increasing competition in
a wireless industry nearly saturated with cellphones. Big carriers have continued
to add subscribers on the strength of marquee handsets.
TDS reported a profit of $14.5 million, or 14 cents a share, up from $11.7
million, or 11 cents a share, a year earlier. Revenue edged up 0.3% to $1.27
billion.
Analysts polled by Thomson Reuters most recently expected earnings of 22 cents on
$1.28 billion in revenue.
TDS's Madison, Wis.-based telecommunications business, TDS Telecom, saw revenue
rise 0.5% and profit fall 3.8%. Companywide, physical access lines fell 5.3% from
a year earlier and 1.8% from the prior quarter.
Meanwhile, U.S. Cellular posted a profit of $6.8 million, up from $6.6 million a
year earlier. Per-share earnings were flat at 8 cents. Revenue edged up 0.3% to
$1.06 billion.
Analysts most recently predicted earnings of 22 cents on $1.07 billion in
revenue.
The carrier, which operates in 26 states, said it lost a net 31,000 customers
during the period, compared with prior-year gains of 10,000. It ended 2010 with
about 6.1 million customers, 1.1% lower than a year earlier.
Retail average revenue per user rose to $47.41 from $47.07 and retail postpaid
churn--or turnover rate--improved to 1.5% from 1.6%.
Shares of TDS and U.S. Cellular closed Wednesday at $32.65 and $46.71,
respectively, and both were inactive premarket.
-By Matt Jarzemsky and Nathan Becker, Dow Jones Newswires; 212-416-2240;
matthew.jarzemsky@dowjones.com
(END) Dow Jones Newswires
February 24, 2011 08:37 ET (13:37 GMT)
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