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Last $27.18 USD
Change Today -0.42 / -1.52%
Volume 343.6K
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

telephone and data systems (TDS) Key Developments

Telephone and Data Systems, Inc. Adopts Certain Amendments to the Bylaws

On effective August 19, 2015, the Board of Directors of Telephone and Data Systems Inc. (TDS) adopted certain amendments to the TDS Bylaws. The changes to the Bylaws: Sections 1.12 and 1.13 were amended to change the time periods during which a shareholder may notify TDS that it intends to nominate a person for election as a director or to submit a proposal at an annual meeting of shareholders. The reason for these changes is to provide additional time and flexibility to the TDS Corporate Governance and Nominating Committee (CGNC) and TDS Board of Directors to take action with respect to possible director nominations and any related shareholder proposals in the future, including obtaining information about and interviewing the candidates and completing the necessary analysis and documents, scheduling and holding one or more CGNC and Board meetings to discuss and consider the nominations, completing and filing the preliminary proxy statement with the SEC, responding to SEC comments and completing and distributing the proxy statement in sufficient time to avoid the need to delay the annual meeting date. Section 1.14 was amended to require any shareholder who submits a notice of nomination of a person for election as a director to provide information relating to whether that person has received, is receiving or will receive, directly or indirectly, any compensation or other interest or benefit from any third party other than TDS, including from the nominating shareholder, in connection with such person’s nomination or service as a director of TDS if elected. Section 1.15 was amended to provide that the Questionnaire to be completed by a director candidate would also include a question relating to the matters in the preceding paragraph, and were also amended to provide that TDS may make arrangements for director candidates to be interviewed by directors of TDS or other persons designated by the CGNC. In addition, the amended Bylaws include a number of clarifications and technical updates to conform them or update them for changes to Delaware law since they were last updated for such matters.

Telephone and Data Systems Declares Third Quarter 2015 Dividend, Payable on September 30, 2015

The board of directors of Telephone and Data Systems Inc., has declared a third quarter 2015 dividend of $0.141 per Common Share and Series A Common Share. Payment will be made on Sept. 30, 2015, to shareholders of record as of Sept. 16, 2015.

Telephone & Data Systems Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year 2015

Telephone & Data Systems Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenue was $1,276.39 million against $1,236.39 million a year ago. Operating income was $32.12 million against loss of $49.1 million a year ago. Earnings before income taxes were $43.93 million against loss of $39.4 million a year ago. Net income attributable to the company was $23.05 million against loss of $22.04 million a year ago. Net income available to common shareholders was $23.03 million against loss of $22.05 million a year ago. Diluted earnings per share were $0.21 against loss of $0.20 a year ago. Cash flows from operating activities was $183.12 million against $210.7 million a year ago. Cash used for additions to property, plant and equipment was $193.05 million against $189.02 million a year ago. For the six months, the company reported operating revenue was $2,528 million against $2,432.35 million a year ago. Operating income was $314.75 million against loss of $28.4 million a year ago. Earnings before income taxes were $335.75 million against loss of $7.45 million a year ago. Net income attributable to the company was $168.79 million against loss of $3.78 million a year ago. Net income available to common shareholders was $168.76 million against loss of $3.81 million a year ago. Diluted earnings per share were $1.53 against loss of $0.04 a year ago. Cash flows from operating activities were $538.43 million against $315.64 million a year ago. Cash used for additions to property, plant and equipment was $359.513 million against $339.907 million a year ago. EBITDA was $821 million. Adjusted EBITDA was $579 million. Operating cash flow was $490 million. For the full year 2015, the company now expects total operating revenue of $5,145-$5,295 million, operating cash flow of $725-$855 million, adjusted EBITDA of $890-$1,020 million and capital expenditure of approximately $830 million compared to total operating revenue of $5,145-$5,395 million, operating cash flow of $685-$815 million, adjusted EBITDA of $870-$1,000 million for the same period expected previously. Income before income taxes of $170-$300 million, interest expense of $140 million, depreciation, amortization and accretion expense of $845 million, and EBITDA of $1,155-$1,285 million.

Telephone & Data Systems Inc. to Report Q2, 2015 Results on Jul 31, 2015

Telephone & Data Systems Inc. announced that they will report Q2, 2015 results at 10:30 AM, US Eastern Standard Time on Jul 31, 2015

Telephone & Data Systems Inc., United States Cellular Corporation, Q2 2015 Earnings Call, Jul 31, 2015

Telephone & Data Systems Inc., United States Cellular Corporation, Q2 2015 Earnings Call, Jul 31, 2015

 

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Industry Analysis

TDS

Industry Average

Valuation TDS Industry Range
Price/Earnings 83.0x
Price/Sales 0.6x
Price/Book 0.7x
Price/Cash Flow 3.5x
TEV/Sales NM Not Meaningful
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