TDS revenues up YoY

Telephone and Data Systems, Inc. (NYSE: TDS) said it has reported total operating revenues of USD1,373.8 million for the third quarter of 2015, versus USD1,280.0 million for the comparable period one year ago.

Net income (loss) attributable to TDS shareholders and related diluted earnings per share were USD51.1 million and USD0.46, respectively, for the third quarter of 2015, compared to USD(116.0) million and USD(1.07), respectively, in the comparable period one year ago.

Effective September 1, 2015, US Cellular discontinued it loyalty rewards program. All unredeemed rewards points expired and the deferred revenue related to the expired points was recognized as USD58.2 million in service revenues in the quarter.

Telephone and Data Systems, a Fortune 1000â„¢ company, provides wireless; cable and wireline broadband, TV and voice; and hosted and managed services to approximately 6.0 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 September 30, 2015.