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TDS Telecom lowered its 2026 revenue and adjusted EBITDA outlook and raised its capital spending forecast by $100 million from the prior range's midpoint to about $750 million, citing pulled-forward fiber investment and higher construction costs.
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Fiber expansion hit records, with roughly 76,000 service addresses added and 17,000 residential fiber connections in the quarter. Fiber revenue rose 14%, but legacy-service declines and higher expenses continued to weigh on results.
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TDS withdrew its offer to buy Array Digital Infrastructure's minority interest after the sides couldn't agree on value or consideration, then authorized an additional $250 million in share repurchases. Array kept its 2026 outlook unchanged.
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2 Mid-Cap Telecom Stocks Offering Superior Returns
Telephone and Data Systems (NYSE:TDS) lowered its 2026 revenue and adjusted EBITDA outlook for its telecom business and raised its capital spending forecast, as record fiber construction and customer growth have yet to fully offset pressure on legacy services.
On the company's third-quarter earnings call, executives said...