United States Cellular (USM) Company Overview

U.S. Cellular is experiencing strong growth thanks to its successful fixed wireless services, smart sales of non-core assets, and emphasis on improving its network and reducing costs. These factors are crucial for the company's progress.

This Industry Outlook article has featured Verizon, United States Cellular, and Cogent Communications.

The fast rollout of 5G technology is expected to benefit the Zacks Wireless National industry, even with some temporary challenges and fluctuating raw material costs. Companies like VZ, USM, and CCOI are in a strong position to take advantage of this situation.

On November 7, 2024, United States Cellular Corporation (NYSE: USM) revealed that it has made a deal with AT&T (NYSE: T) to sell some of its spectrum licenses for $1.018 billion. This sale is part of UScellular's plan, announced on May 28, 2024, to take advantage of opportunities to sell spectrum not included in the earlier proposed sale to T-Mobile. This announcement follows previous sales made on October 18, 2024, where UScellular sold part of its spectrum licenses to Verizon and two other mobile operators.

US Cellular's earnings for the third quarter were not as good as expected, falling short in both earnings per share and revenue. If the sale to T-Mobile gets the green light, US Cellular shareholders could benefit greatly from the sale price, extra spectrum sales, and other assets. However, if the sale is blocked, shareholders will have to deal with a struggling telecom company that lacks investment.

The United States Cellular Corporation (NYSE:USM) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 10:00 AM ET. Participants from the company include Colleen Thompson, Vicki Villacrez, LT Therivel, Doug Chambers, and Michelle Brukwicki. Analysts from firms like Raymond James, J.P. Morgan, and Gamco Investors will also be joining the call.

USM has reported a decrease in revenue due to a drop in retail connections. However, there is good growth in the fixed wireless segment, which is a positive sign.

United States Cellular (USM) reported quarterly earnings of $0.26 per share, which is higher than the Zacks Consensus Estimate of $0.18 per share. This is the same as the earnings of $0.26 per share from the previous year.

CHICAGO, Nov. 1, 2024 /PRNewswire/ -- UScellular has announced that it will host a teleconference on November 1, 2024, at 9:00 a.m. CDT. You can listen to the call live on the Events & Presentations page at investors.uscellular.com.