Earnings
Home›Earnings›Results›TDS raises fiber address outlook while legacy telecom…
TDS raises fiber address outlook while legacy telecom revenue slips
In the second quarter, TDS Telecom added about 66,000 marketable fiber service addresses, and management lifted full-year fiber guidance to 250,000 to 300,000 addresses.
Telephone and Data Systems, TDS, reported second-quarter results showing faster fiber growth alongside continued revenue pressure from legacy copper and cable lines, with the company addressing the outlook across both its TDS Telecom and tower subsidiary, Array Digital Infrastructure, during its Aug. 7 earnings call, according to Yahoo Finance.
TDS Telecom said it added roughly 66,000 marketable fiber service addresses in the quarter, bringing first half 2026 deliveries to about 106,000, its strongest opening half, and management raised its full-year fiber address guidance by 50,000 to a range of 250,000 to 300,000. Residential fiber net adds totaled 15,100 in the quarter, up 47% year over year, while fiber revenue increased 13%, or $11 million, helping offset losses elsewhere, the outlet reported.
TDS also pointed to support for its network expansion, including federal E-ACAM funding plans to extend fiber to more than 300,000 addresses across 22 states, and it agreed to acquire Granite State Communications, which would add 11,000 fiber addresses when the deal closes in the third quarter. On the towers side, Array’s cash site rental revenue rose 65% year over year on a normalized basis, its tenancy ratio improved sequentially, and the business cited monetization activity including a $168 million spectrum sale to T-Mobile in May and a $1 billion transaction with Verizon in June, Yahoo Finance said.
Despite the momentum in fiber, TDS said total telecom operating revenue fell 6% in the quarter, or 4% excluding divestitures, and management trimmed full-year telecom revenue guidance to $1 billion to $1.025 billion. Yahoo Finance reported that cable revenue dropped about 10% year over year, overall residential revenue declined $6 million due to faster-than-expected copper losses, and adjusted EBITDA for telecom was narrowed to $310 million to $330 million.
Latest closeCopper $6.606 ▲0.2%