Telephone & Data Systems

Telephone and Data Systems’ stock rose about 6.8% after the company withdrew its offer to acquire the remaining minority shares of Array. Originally, each Array share not held by TDS would have been exchanged for 0.86 TDS common shares. TDS still holds roughly 82% of Array and plans to resume share buybacks, including the additional $500 million authorization approved in November 2025; as of June 30, 2026, about $523.9 million remained available. TDS supports Array opportunistically monetizing its wireless spectrum assets, and both companies plan to intensify monetization efforts. » Plus sur de.investing.com

Telephone and Data Systems said it will not pursue the offer to acquire the remaining roughly 18% of Array Digital Infrastructure by share exchange, as no agreement could be reached on consideration and valuation. That removes the dilution risk for TDS shareholders and the group will retain its roughly 82% stake in Array. TDS announced it will resume existing buyback programs for common stock; about $523.9 million remains available for that purpose. The announcement drove a nearly 7.8% rise in the stock in morning trading. » Plus sur de.investing.com

TDS has withdrawn its offer to acquire the remaining shares of Array Digital Infrastructure; the proposed exchange ratio was 0.86 TDS shares for each Array share. The company continues to hold roughly 82% of Array after the parties failed to agree on the form and value of the consideration. TDS is resuming announced share repurchases, including a $500 million authorization, and had about $523.9 million of buyback capacity as of June 30, 2026. TDS and Array plan to accelerate near-term monetization of Array’s remaining mobile spectrum assets, with Array operating more than 4,400 towers. » Plus sur de.investing.com

TDS added about 66,000 marketable fiber service addresses in Q2 and lifted full-year fiber guidance to 250,000–300,000 addresses after residential net adds rose 47% and fiber revenue climbed 13% (about $11m). However, total telecom operating revenue fell 6% (4% excluding divestitures), cable revenue dropped ~10%, and management trimmed telecom revenue guidance to $1.0–1.025bn while narrowing telecom adjusted EBITDA to $310–330m and raising capex to $625–675m. TDS also faces an unresolved offer to buy minority shares of its tower unit Array, which reported stronger tower rental growth and large spectrum monetizations but saw disruptions from DISH’s bankruptcy-related departures. » Plus sur finance.yahoo.com

TDS shares hit a new 52‑week low of $32.93 and are trading just above that at $32.96; market capitalization is about $3.77 billion. The stock is down 14.17% year‑over‑year and 21% over the past six months. TDS reported a surprisingly strong Q1 2026 EPS of $1.11 but missed revenue expectations with $309.4 million. Raymond James downgraded the stock to "Market Perform," while InvestingPro currently rates it as overvalued; TDS also reported 11,000 net new fiber connections and has paid dividends for 53 years (yield 0.44%). » Plus sur de.investing.com