Telephone Data (TDS) Reports Q3 2026 Results with Fiber Growth Amidst Legacy Revenue Declines
Telephone Data (TDS) reported third-quarter 2026 financial results characterized by a significant pivot toward fiber expansion. While the company achieved substantial growth in its fiber footprint—adding 76,000 marketable addresses and seeing a 50% year-over-year increase in residential fiber connections—overall TDS Telecom revenue fell 3% to $247 million due to ongoing pressure on legacy cable and copper streams. The company issued revised downward guidance for full-year telecom revenue and adjusted EBITDA, citing lower revenue expectations. However, the company is aggressively investing in infrastructure, raising its full-year CapEx guidance to $750 million to support record construction levels. To bolster shareholder value, the board approved a new $250 million share repurchase authorization.
Topics: Capital Expenditure Fiber Expansion Revenue Guidance Telecom Industry