United States CellularNYSE: USM

US Cellular's Q3 earnings were disappointing with misses on both EPS and Revenue. If the sale to T-Mobile is approved, US Cellular shareholders are likely to see significant upside from the sale price, additional spectrum sales, and remaining assets. If the sale is not approved, shareholders are left with a struggling and underinvested telecom business.

United States Cellular Corporation (NYSE:USM ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Colleen Thompson - Vice President, Corporate Relations Vicki Villacrez - Executive Vice President and CFO, TDS LT Therivel - President and CEO, UScellular Doug Chambers - Executive Vice President, Chief Financial Officer and Treasurer, UScellular Michelle Brukwicki - Senior Vice President, Finance and CFO, TDS Telecom Conference Call Participants Ric Prentiss - Raymond James Sebastiano Petti - J.P. Morgan Sergey Dluzhevskiy - Gamco Investors Operator Thank you for standing by.

USM reports a top-line decline owing to declining retail connections. Healthy traction in the fixed wireless portfolio is a positive.

United States Cellular (USM) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.26 per share a year ago.

CHICAGO, Nov. 1, 2024 /PRNewswire/ -- As previously announced, UScellular will hold a teleconference on November 1, 2024, at 9:00 a.m. CDT. Listen to the call live via the Events & Presentations page of   investors.uscellular.com.

Next Level Aviation® to continue to support Pratt & Whitney CSA through consignment of used serviceable engine accessories for an additional three years DANIA BEACH, Fla., Oct. 29, 2024 /PRNewswire/ -- Next Level Aviation® (NLA) , a leader in the global distribution of used serviceable materials (USM), has extended an agreement with Pratt & Whitney Commercial Serviceable Assets (CSA), regarding the sale of used serviceable material (USM) for aircraft engines for an additional three years.

United States Cellular plans to sell its wireless operations and 30% of its spectrum to T-Mobile for $4.4 billion, exiting the wireless business by mid-2025. U.S. Cellular will retain 70% of its spectrum, 4,400 towers, and key investments, focusing on fiber infrastructure and fixed wireless broadband solutions. Combined, the $1 billion spectrum sale to Verizon and the T-Mobile deal will boost USM's cash by $3.4 billion and reduce debt by $2 billion.

Divestiture of spectrum holdings will improve U.S. Cellular's liquidity position, reduce debt burden and propel investment in growth initiatives.

U.S. Cellular (USM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.