2015 TDS gains affect year-over-year comparisons

Telephone and Data Systems, Inc. (NYSE: TDS) reported total operating revenues of USD1,243 million for the first quarter of 2016, versus USD1,252 million for the comparable period one year ago.

Net income attributable to TDS shareholders and related diluted earnings per share were USD8 million and USD0.07, respectively, for the first quarter of 2016, compared to USD146 million and USD1.33, respectively, in the comparable period one year ago. Year-over-year comparisons are affected by pre-tax gains of USD247 million (USD155 million after-tax) from sales and exchanges of businesses and licenses in 2015.

Telephone and Data Systems, Inc. (TDS), a Fortune 1000TM company, provides wireless; cable and wireline broadband, TV and voice; and hosted and managed services to approximately 6 million customers nationwide through its businesses, US Cellular, TDS Telecom, OneNeck IT Solutions, and BendBroadband. Founded in 1969 and headquartered in Chicago, TDS employed 10,600 people as of March 31, 2016.