Telephone and Data Systems Inc., the Chicago-based parent company of TDS Telecom and TDS Metrocom, today reported second quarter net income of $87.7 million, or 75 cents per share, which was a vast improvements over a net loss of $8.6 million, or 8 cents per share, in the same period a year ago.
"We continue to experience steady gains in service and data revenues and in average revenue per customer at our wireless business, U.S. Cellular, and improved operating margins through cost controls at TDS Telecom, our wireline business," said LeRoy Carlson Jr., TDS president and chief executive officer. "As part of its goal to be the preferred broadband provider in its markets, TDS Telecom continues to increase the broadband speeds offered to its residential and commercial customers, and to develop new broadband services. The company's Triple Play bundles of voice, high-speed data, and Dish Network TV services enable it to compete effectively with cable offerings. In the second quarter, TDS Telecom exceeded sales targets for both Triple Play bundles and Dish Network services."
TDS parent company reports strong quarter
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