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Dec 31, 2020
TDS Q4 2020 Earnings Report
Reported strong fourth quarter and full year results, driven by growth at UScellular and TDS Telecom, and provided 2021 guidance.
Key Takeaways
TDS reported total operating revenues of $1,376 million for the fourth quarter of 2020, compared to $1,336 million for the same period one year ago. Net income attributable to TDS shareholders was $14 million, or $0.12 per diluted share, for the fourth quarter of 2020, compared to $12 million, or $0.10 per diluted share, in the same period one year ago.
UScellular kept churn low throughout the year, acquired new retail connections, maintained strong cost discipline and produced fine financial results.
UScellular grew its service revenues, driven primarily by higher ARPU, and customers taking higher-value services and it maintained operational, quality and cost discipline.
TDS Telecom achieved excellent growth in residential customer connections and strong financial performance in 2020, reflecting the successful execution of its broadband strategy.
TDS Telecom plans to expand its fiber program by doubling the number of service addresses it builds in 2021.
Revenue by Segment
Forward Guidance
TDS’ current estimates of full-year 2021 results for UScellular and TDS Telecom are shown below.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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