Telephone and Data Systems Focuses on Towers Instead of Mobile – and Rewards Shareholders

In the last six months, Telephone and Data Systems (TDS) underwent a profound transformation that can provide tremendous long-term value for shareholders. A clear evidence of this is the current 10-year high of the stock. The basis for this was the sale of a large part of its capital- and competition-intensive mobile business in August 2025, along with a focus on a significantly more stable infrastructure model with long-term predictable revenues. A week ago, TDS monetized an additional $1 billion from licenses of the mobile business. Shareholders...