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TDS Board approves $250M share buyback; updates 2026 guidance with fiber growth and steady Array performance

Company Fundamentals
06 Nov 2026, 14:30 WIB
PRNewsWire
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Bullish
TDS Board approves $250M share buyback; updates 2026 guidance with fiber growth and steady Array performance

TDS Telecom's board authorized an additional $250 million share repurchase plan following nearly $520 million returned to shareholders in 2026. The company expanded its fiber service footprint by 76,000 addresses and added 17,000 fiber connections in Q3, though overall service revenue declined 3%. Array, TDS' tower business, saw a 14% increase in site rental revenue and improved profitability. TDS updated its 2026 financial guidance, expecting revenues between $990 million and $1.01 billion, and adjusted EBITDA of $290 million to $310 million. The company withdrew its offer to acquire the minority interest in Array but continues to focus on fiber broadband and tower operations growth.

TDS Telecom's third quarter 2026 results provide context for readers interested in recent market activity. For readers following the Technology sector, here is Pluang's market snapshot as of Nov 06, 2026 18:41 WIB: Out of 150 priced Technology-sector US stocks tradable on Pluang, 88 rose and 61 fell today. Notable movers include TEAM (Atlassian Corporation PLC) at USD 149.00 with a 1-day change of -18.71%, IREN (Iris Energy Limited) at USD 21.36 with +18.47%, and WK (Workiva Inc) at USD 69.96 with -18.10%.

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