• TDS posted Q1 net income attributable to common shareholders of USD 129.3 million, swinging from a loss a year earlier; diluted EPS from continuing operations was USD 1.11.
• Revenue rose 7% to USD 309.5 million, led by Array revenue climbing 93% to USD 52 million while TDS Telecom revenue fell 3% to USD 249.6 million.
• Operating income turned to USD 143.8 million from an operating loss a year earlier, with Array operating income of USD 160.8 million.
• Array closed on sale of certain 700 MHz wireless spectrum licenses for total proceeds of USD 74.8 million on May 5.
• TDS Telecom and Array reaffirmed 2026 guidance; TDS also proposed a non-binding deal to acquire outstanding Array common shares not owned by TDS.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TDS - Telephone and Data Systems Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605080727PR_NEWS_USPR_____CG54722) on May 08, 2026, and is solely responsible for the information contained therein.