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Stock impact report

United States Cellular And Telephone and Data Systems: The Preferreds Could Be A Potent Investment [Seeking Alpha]

Telephone and Data Systems, Inc. Common Shares (TDS) 
Last telephone and data systems, inc. common shares earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/telephone
Company Research Source: Seeking Alpha
TDS owns 83% of USM and initiated a sales process in August, attracting interest from T-Mobile, AT&T, and Verizon. The sale could close sometime in the next six months, as pending Fed rate cuts look set to boost the value of USM's bonds and TDS' preferreds. I've been buying Telephone and Data Systems ( NYSE: TDS ) 6.00% Series VV Cumulative Preferreds ( NYSE: TDS.PR.V ) since the back end of 2023 with a view to holding these for at least five years. They stand to capitalize on possible dual near-term catalysts from the pending sale of the United States Cellular ( NYSE: USM ) and Fed cuts to base interest rates set to kick off this summer. TDS owns 83% of the combined total of the outstanding common shares of USM and initiated a sales process for this asset last year. US Cellular is the fourth-largest full-service wireless carrier in the US, reporting revenue of $1 billion for its last reported fiscal 2023 fourth quarter and net income of $0.16 per share. TDS initiated the strat Show less Read more
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