Telephone and Data Systems, Inc.
Telephone and Data Systems, Inc. (NYSE: TDS) provides communications services through subsidiary TDS Telecom and owns a majority interest in Array Digital Infrastructure. TDS Telecom delivers broadband, video, voice and wireless services to residential, commercial and wholesale customers across 30 states, using fiber,… From the company’s description.
In fiscal 2025, Telephone and Data Systems, Inc. reported revenue of $1.23B, down 75.3% from fiscal 2024, and net income of $151.15M. Its operating margin was −7.9%, and operations generated $589.89M in cash. Over the twelve months to Jun 30, 2026, revenue was $494.06M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Telephone and Data Systems, Inc. does
In the company’s own words
Telephone and Data Systems, Inc. (NYSE: TDS) provides communications services through subsidiary TDS Telecom and owns a majority interest in Array Digital Infrastructure. TDS Telecom delivers broadband, video, voice and wireless services to residential, commercial and wholesale customers across 30 states, using fiber, coaxial and copper networks; its offerings include fiber broadband, TDS TV+, hosted voice and video collaboration, and wireless plans through a mobile virtual network operator. Array leases space on communications towers to wireless carriers and other tenants, provides ancillary services, and holds interests in wireless operating companies and spectrum licenses. Its tower customers include T-Mobile, AT&T and Verizon. TDS has two reportable segments, TDS Telecom and Array; it also operates Suttle-Straus, whose results are not significant. In 2025, Array sold its wireless operations and select spectrum assets to T-Mobile, shifting its business focus to tower infrastructure and remaining spectrum assets. At December 31, 2025, TDS Telecom served 1.1 million connections, Array owned 4,450 towers, and TDS had approximately 4,000 associates. Its website is www.tdsinc.com.
Company details
- Sector
- Communication Services
- Industry (SIC)
- Telecommunications
- Headquarters
- CHICAGO, IL
- Fiscal year end
- December
- CIK
- 1051512
- SIC
- 4813
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Telephone and Data Systems, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Telephone and Data Systems, Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · Telephone and Data Systems, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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