Q3 2024 United States Cellular Corp Earnings Call Transcript
Key Points
- United States Cellular Corp (USM) increased its profitability outlook for adjusted EBITDA and adjusted operating income before depreciation and amortization.
- The company successfully monetized portions of its spectrum, securing agreements with multiple carriers for over $1 billion in proceeds.
- USM improved its retail net losses by 20,000 subscribers year over year, indicating better subscriber momentum.
- The company reported a 2% increase in postpaid ARPU, driven by customers opting for higher-tier plans.
- USM's 5G network investments have resulted in over 80% of data traffic being handled by upgraded sites, enhancing customer experience.
- Service revenues declined by 2% due to a decrease in the average subscriber base.
- USM recorded a loss on impairment of licenses amounting to $136 million due to challenges in operationalizing millimeter wave spectrum.
- The wireless industry is experiencing a slowdown in capital expenditures, impacting tower revenue growth rates.
- USM's capital expenditures are trending toward the lower end of guidance, reflecting moderated investment in network infrastructure.
- The company faces competitive pressures from larger mobile network operators and cable wireless players, impacting subscriber growth.
Thank you for saying me by. My name is Mandeep and I'll be your operator today. At this time, I'd like to welcome everyone to the TDS UScellular, third quarter, 2024 operating results conference call.
(Operator Instructions)
Thank you. I would now like to turn the call over to Colleen Thompson, Vice President, Corporate Relations. You may begin.
Good morning and thank you for joining us. We want to make you all aware of the presentation, we have prepared to accompany our comments this morning which you can find on the investor relations section of the TDS and UScellular websites.
With me today and offering prepared comments are from TDS, Vicky Villacrez, Executive Vice President and Chief Financial Officer; from UScellular LT Therivel, President and Chief Executive Officer; Doug Chambers, Executive Vice President, Chief Financial Officer and Treasurer; and from TDS Telecom, Michelle Brukwicki, Senior Vice President of Finance and Chief Financial
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
