Profile: Telephone and Data Systems Inc (TDS.N)

TDS.N on New York Stock Exchange

25.72USD
16 Sep 2014
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$-0.03 (-0.12%)
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Telephone and Data Systems, Inc. (TDS), incorporated on December 12, 1997, is a diversified telecommunications service company. The Company’s wireless operations provided by TDS' 84%-owned subsidiary, United States Cellular Corporation (U.S. Cellular) and both wireline operations and hosted and managed services (HMS) provided by TDS' wholly owned subsidiary, TDS Telecommunications Corporation (TDS Telecom). The Company’s segments include U.S. Cellular's wireless operations, incumbent local exchange carrier (ILEC), competitive local exchange carrier (CLEC), HMS, and the Non-Reportable Segment. As of December 31, 2012, TDS served 5.8 million U.S. Cellular customers and one million TDS Telecom customer connections. TDS is also the majority owner of Airadigm Communications, Inc. (Airadigm), a Wisconsin-based wireless service provider. TDS also conducts printing and distribution services through its majority-owned subsidiary, Suttle-Straus, Inc. (Suttle-Straus). The Company acquired Vital Support Systems, LLC (Vital) in June 2012. In August 2013, TDS Telecommunications Corp., subsidiary of Telephone and Data Systems, Inc. announced that it has purchase all of the assets of Baja Broadband, LLC (Baja). In October 2013, the Company announced the acquisition of MSN Communications, Inc. Effective September 01, 2014, Telephone and Data Systems Inc acquired BendBroadband.

U.S. Cellular Operations

U.S. Cellular is a wireless telecommunications service provider. U.S. Cellular's postpaid customers are able to choose from a variety of national plans with voice, messaging and data pricing that are designed to fit different customer needs, usage patterns and budgets. In Addition, U.S. Cellular offers prepaid service plans, which include voice minutes, messaging and data in a variety of ways for a monthly fee. In May 2012, U.S. Cellular began offering U Prepaid, a no contract wireless service in select Walmart stores. In October 2012, U.S. Cellular began offering a postpaid option through Walmart. Available postpaid plans include Overage Cap. U.S. Cellular offers enhanced multimedia services, including Digital Radio, Mobile Television and three dimensional (3D) Gaming, over its fourth generation long term evolution (4G LTE) and third generation (3G) networks. U.S. Cellular's easyedge brand of enhanced data services uses a Binary Runtime Environment for Wireless (BREW) technology. These enhanced data services include news, weather, sports, information, games, ring tones and other services.

U.S. Cellular offers a range of wireless devices, such as handsets, modems, mobile hotspots and tablets for use by its customers. U.S. Cellular offers wireless devices that are compatible with some or all of its 4G LTE, 3G and second generation (2G) networks and all are compliant with the Federal Communications Commission’s (FCC's) enhanced wireless 911 (E-911) requirements. In addition, U.S. Cellular offers a range of accessories, such as carrying cases, hands-free devices, batteries, battery chargers, memory cards and other items to customers. U.S. Cellular also sells wireless devices to agents and other third-party distributors for resale. U.S. Cellular purchases wireless devices and accessory products from a number of manufacturers, including Samsung, Motorola, Personal Communications Devices, LG, BlackBerry, Superior Communications and Xentris Wireless.

In May 2012, U.S. Cellular began offering U Prepaid, a no contract wireless service, in select Walmart stores within its service areas. In October 2012, U.S. Cellular began offering a postpaid option through Walmart, and continues to explore new distribution options. U.S. Cellular also markets wireless service through resellers. As of December 31, 2012, U.S. Cellular had approximately 241,000 customers of resellers. Wireless telecommunication systems transmit voice, data, graphics and video through the transmission of signals over networks of radio towers using radio spectrum licensed by the FCC. As of December 31, 2012, U.S. Cellular deployed code division multiple access (CDMA) digital technology throughout its networks.

TDS Telecom Operations

TDS Telecom is a holding company that provides diversified telecommunications services (voice, broadband, network access and video services) and hosted and managed services. TDS Telecom's wireline subsidiaries provide telecommunications services to commercial and residential customers primarily in rural and suburban communities. As of December 31, 2012, TDS Telecom operated 115 ILEC in 28 states and provides telecommunications services as a competitive local exchange carrier CLEC in Illinois, Michigan, Minnesota, and Wisconsin. TDS Telecom also operates TDS Hosted & Managed Services, LLC (TDS HMS), which is engaged in planning, engineering, procurement, installation, sales and management of information technology (IT) infrastructure, including hosted application management, managed hosting, and ReliaCloud enterprise cloud services.

TDS HMS operates data centers in Arizona, Iowa, Minnesota and Wisconsin. TDS Telecom operates in a mix of rural, small town and suburban ILEC markets and urban CLEC markets, with the concentrations of its customers in the Upper Midwest and the Southeast. TDS Telecom provides retail telecommunications services to both residential and commercial customers that reside within its respective service territories. TDS Telecom also provides services to wholesale customers, who are primarily interexchange carriers (companies that provide long-distance telephone and data services between local exchange areas) that compensate TDS Telecom for the use of its facilities to originate and terminate their voice and data transmissions.

TDS Telecom's ILECs and CLECs generate revenues by providing products and services to commercial and residential customers and carriers, which included voice services, including basic local and long-distance telephone service, voice over Internet protocol (VoIP) and enhanced local services like voice mail, caller identification (ID) and call forwarding; broadband services, including digital subscriber line (DSL), other forms of Internet and other enhanced data services; network access services to interexchange carriers for the origination and termination of interstate and intrastate long distance phone calls on TDS Telecom's network and special access services to carriers and others; and Internet protocol television (IPTV) and satellite video. TDS Telecom's residential customer operations provide diversified telecommunications services, including wireline local and long-distance telephone service, high-speed data products and video services. Video services are offered through either TDS Telecom's own IPTV offering or through a resale agreement with a satellite provider.

TDS Telecom provides long-distance service by reselling long-distance service in its markets and through connections with long-distance carriers, which purchase network access from the TDS Telecom ILECs. As of December 31, 2012, approximately 85% of TDS Telecom's ILEC residential customers are located in rural and small town areas, while the other 15% are located in more suburban markets. TDS Telecom’s commercial customer operations provide voice and data solutions, including local and long-distance telephone service, broadband, Internet protocol (IP) based services, and other services to businesses ranging in size from primarily small businesses up to corporations. TDS Telecom provides these commercial customers with Internet access, data connections and advanced voice service with VoIP features.

The TDS Telecom flagship product is managedIP, a fully hosted, software and hardware solution that provides customers with a secure Internet connection and the latest VoIP features and capabilities. TDS Telecom provides service to traditional interexchange carriers. TDS Telecom’s wholesale market focus is on access revenues, which is the compensation received for carrying long distance and data traffic on its networks. TDS HMS provides colocation, dedicated hosting, hosted application management, cloud computing services and planning, engineering, procurement, installation, sales and management of IT infrastructure hardware solutions. Vital provides technology solutions to businesses, which includes the planning, design, procurement, installation, sales and management of business-critical IT components such as servers, security, local and wide area networks, wireless, storage, voice and IP telephony.

OneNeck IT Services Corporation (OneNeck) provides hosted application management and managed services. These offerings include a suite of enterprise resource planning (ERP) solutions designed specifically to help mid-market companies manage their IT infrastructure and applications and improve system performance. TEAM Technologies, LLC (TEAM) doing business as Vital, provides a range of data center solutions, including colocation, managed services, hosted services, and cloud computing to companies that range in size from mid-sized businesses to business enterprises (enterprise). VISI Incorporated (VISI) provides a range of data center solutions, including colocation, managed services, hosted services, and cloud computing to companies that range in size from mid-sized businesses to enterprise. TDS HMS provides IT equipment and solutions to meet its business customers' needs across several product categories: data center, managed services, hosted services, cloud services and solutions provider services.

The Company competes with Verizon Wireless, AT&T Mobility, Sprint Nextel, and T-Mobile USA.

Company Address

Telephone and Data Systems Inc

STE 4000, 30 NORTH LASALLE STREE
CHICAGO   IL   60602
P: +1312.6301900
F: +1312.6301908

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