TDS Telecom Adds 25,000 Fiber Service Addresses in its Out-of-Territory markets in Q2 2020

MADISON, WI — Telephone and Data Systems (TDS), reported total operating revenues of $1,263 million for the second quarter of 2020, versus $1,261 million for the same period one year ago.

"The TDS Enterprise and its family of companies remains strong through the ongoing challenges of the COVID-19 pandemic," said LeRoy T. Carlson, Jr., TDS president and CEO. "U.S. Cellular and TDS Telecom continue to provide essential communication and high-quality data services to our customers and communities. Our associates have shown exceptional dedication and resiliency in keeping our operations and networks performing at top levels. TDS also is maintaining a strong and flexible financial foundation.

"TDS Telecom continues to successfully meet significant demand for higher data speeds and increased network capacity across its footprint. Growth in wireline video and broadband connections, coupled with demand for higher broadband speeds, drove increases in average residential revenue per connection. Cable connections also grew rapidly driven by strong increases in broadband connections. TDS Telecom continues to move forward with fiber deployment in out-of-territory expansion markets.  A total of 25,000 service addresses in the out-of-territory markets were added in the first half of the year increasing total fiber service addresses to 265,000.  In rolling out new markets, the safety of our customers, field service technicians and sales representatives remains a top priority.  We have implemented our safety procedures that minimize the amount of work technicians do within the home through encouraging self-service and remote customer assistance techniques."