Key Developments: United States Cellular Corp (USM)
39.70USD
17 May 2013
$1.89 (+5.00%)
$37.81
$37.88
$40.39
$37.80
201,566
79,498
$41.54
$33.16
Latest Key Developments (Source: Significant Developments)
Sprint Nextel Corp Closes Transaction To Acquire United States Cellular Corp And Customers In The Midwest
Sprint Nextel Corp announced that it has completed its transaction with United States Cellular Corp to acquire 20MHz of PCS spectrum in various Midwest markets including Chicago, South Bend, Ind., and Champaign, Ill., and 10MHz of PCS spectrum in the St. Louis market. The additional spectrum will significantly increase Sprint`s network capacity and further improve the customer experience in these markets. In addition, the transaction includes approximately 420,000 U.S. Cellular customers. Full Article
United States Cellular Corp Declares Special Cash Dividend Of $5.75 Per Share
United States Cellular Corp announced that it has declared a special cash dividend of $5.75 per Common Share and Series A Common Share, for an aggregate amount of approximately $481 million. Payment will be made on June 25, 2013, to shareholders of record as of June 11, 2013. Full Article
United States Cellular Corp Narrows FY 2012 Revenue Guidance; Updates FY 2012 OIBDA Guidance
United States Cellular Corp announced that for fiscal 2012, it expects service revenues to be in the range of $4.075-$4.125 billion compared to prior range of $4.050-$4.150 billion and adjusted OIBDA in the range of $800-$850 million compared to prior range of $800-$900 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.42 billion and EBITDA of $855 million for fiscal 2012. Full Article
United States Cellular Corp To Sell Select Midwest Markets To Sprint Nextel Corp
United States Cellular Corp announced that it has reached a definitive agreement to sell its Chicago, St. Louis, central Illinois and three other Midwest markets (the Transaction Markets) to subsidiaries of Sprint Nextel Corporation for $480 million. The sale includes PCS spectrum and approximately 585,000 customers, or about 10% of U.S. Cellular's total customer base. The Company also announced that it will transition its Bolingbrook Customer Care Center operations to an existing vendor partner, effective Jan. 1, 2013. Full Article
U.S. Cellular Reaffirms FY 2012 Guidance
U.S. Cellular reaffirmed its guidance for fiscal 2012 and expects service revenues to be in the range of $4.05-$4.15 billion, adjusted OIBDA to be in the range of $800-$900 million and operating income (EBIT) to be in the range of $200-$300 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBIT of $270 million for fiscal 2012. Full Article
U.S. Cellular Reaffirms FY 2012 Guidance
U.S. Cellular reaffirmed its guidance for fiscal 2012 and expects service revenues to be in the range of $4.05-$4.15 billion, adjusted OIBDA to be in the range of $800-$900 million and operating income (EBIT) to be in the range of $200-$300 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBIT of $267 million for fiscal 2012. Full Article
U.S. Cellular Issues FY 2012 Guidance
U.S. Cellular announced that for fiscal 2012, it expects service revenues to be in the range of $4.05-$4.15 billion, adjusted OIBDA to be in the range of $800-$900 million and operating income (EBIT) to be in the range of $200-$300 million. According to I/B/E/S Estimates, analysts were expecting the Company to report EBIT of $260 million for fiscal 2012. Full Article
U.S. Cellular Reaffirms FY 2011 Revenue Guidance; Raises FY 2011 Earnings Guidance
U.S. Cellular announced that for fiscal 2011, it continues to expects service revenues to be in the range of $4.0-$4.1 billion, adjusted OIBDA to be in the range of $820-$895 million compared to prior range of $800-$875 million and operating income (EBIT) to be in the range of $230-$305 million from prior range of $$210-$285. According to I/B/E/S Estimates, analysts were expecting the Company to report EBIT of $255 million for fiscal 2011. Full Article
U.S. Cellula Reaffirms FY 2011 Revenue Guidance; Raises FY 2011 OBITDA Guidance; Raises Low End Of Prior FY 2011 EBIT Guidance To A Range Above Analysts' Estimate
U.S. Cellular announced that for fiscal 2011, it continues to expects service revenues to be in the range of $4.0-$4.1 billion, adjusted OIBDA to be in the range of $800-$875 million compared to prior range of $775-$875 million and operating income (EBIT) to be in the range of $210-$285 million from prior range of $185-$285 million. According to I/B/E/S Estimates, analysts were expecting the Company to report operating income of $203 million for fiscal 2011. Full Article
U.S. Cellular To Launch Eight Smartphones, Two Tablets And First 4G LTE Devices
U.S. Cellular announced that it is expanding its portfolio of cutting-edge devices with more features, handset styles and pricing options to help its customers select the one that meets their needs and helps them stay connected. U.S. Cellular plans to launch seven smartphones that run on the Android operating system, including its first 4G-enabled smartphone. Two mobile tablets are planned along with the carrier's first Windows Phone 7 device. U.S. Cellular will also roll out its first wave of 4G LTE devices in November. Full Article
TEXT - Fitch rates Telephone & Data Systems notes 'BBB'
Nov 26 - fitch Ratings has assigned a 'BBB' long-term debt rating to Telephone and Data Systems, Inc.'s (TDS) proposed million unsecured senior notes due 2061. Proceeds from the offering will be used principally for general corporate purposes. The Rating Outlook is Negative. In Fitch's view, TDS has some flexibility to withstand operating challenges at its current rating category. The company has a good cash position, undrawn committed revolver lines, no material maturities in the next 20 ye
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