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TDS Telecom Surpasses 1 Million Fiber Addresses

1. TDS Telecom reached over 1 million fiber passings, marking a significant milestone. 2. The company aims for 1.8 million marketable fiber addresses by 2025. 3. TDS's expansion is supported by private investment and federal funding programs. 4. All fiber products boast symmetrical internet speeds, reaching up to 8 Gig. 5. TDS's expansion focuses on areas needing better connectivity, enhancing market presence.

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FAQ

Why Bullish?

TDS's expansion into fiber services signals strong growth potential, similar to other successful telecoms like Comcast after their broadband upgrades.

How important is it?

The milestone and future targets indicate solid growth which could drive share price appreciation.

Why Long Term?

The ongoing fiber expansion and service improvements will likely yield lasting customer loyalty and revenue streams over the next few years.

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Milestone cements company as a national fiber leader , /PRNewswire/ -- TDS Telecommunications LLC (TDS Telecom) today announced a major milestone: the company has officially exceeded 1 million fiber passings, marking a pivotal moment in its transformation into a fiber-first broadband provider. "This is more than a number, it is a reflection of the company's drive to create a better world through reliable fiber connections," said TDS Telecom President and CEO Ken Dixon. "Crossing the one-million mark means our company is in an exclusive club of premier fiber providers that are creating the future today." The achievement comes about six months after the company raised its long-term fiber target to 1.8 million addresses with 95% of the footprint having speeds of at least 1 Gig. TDS Telecom is targeting to deliver approximately 150,000 marketable fiber service addresses in 2025. TDS Telecom operates in 31 states with active fiber expansion projects in nearly 100 communities nationwide. The fiber growth has been powered by a combination of private investment and participation in the federal Enhanced Alternative Connect America Cost Model (E-ACAM) program. The new fiber addresses span across more than two dozen states with the larger fiber expansion projects currently happening in the Pacific Northwest and the company's home state of Wisconsin. Network construction has been done through many construction partners and TDS' Telecom's growing Internal Construction crews, which will deliver more than a third of the new fiber addresses constructed by TDS Telecom this year. "Our Internal Construction crews are currently operating in six of our most active expansion states and they have been doing fantastic work," said Dixon. "We have found it to be a cost-effective and high-quality way to rapidly add fiber locations in areas that need and want fiber connectivity." All TDS fiber internet products are symmetrical, meaning the upload and download speeds are identical. A variety of speeds are available for residents and businesses up to 8 Gig. With TDS fiber, businesses have the option of a 10 Gig dedicated connection with a service level agreement. TDS Telecom offers a low-cost product called TDS Connect for qualifying customers. "We're not just building a network—we're building a future," said Dixon. "Fiber internet is the foundation for everything from smart homes to remote work to next-generation business services. And we're just getting started." TDS Telecom remains on track to reach 1.8 million marketable fiber addresses. TDS Telecommunications LLC (TDS Telecom/TDS®) delivers high-speed internet, TV entertainment, and phone services to a mix of small to mid-sized urban, suburban and rural communities throughout the U.S. With 1.1 million connections, TDS' mission is to create a better world through its communications services. Powered by fiber-optics and new industry-leading technologies, TDS delivers up to 8 Gigabit internet speeds and offers internet-protocol based TV entertainment solutions along with traditional phone services. TDS also offers businesses VoIP advanced communications solutions, dedicated internet service, and data networking services. Visit tdstelecom.com.  TDS Telecom, headquartered in Madison, Wis., employs 3,300 people and is a subsidiary of Telephone and Data Systems, Inc. [NYSE: TDS]. Founded in 1969, Telephone and Data Systems provides wireless, broadband, video and voice services to approximately 5 million connections nationwide through its businesses: Array Digital Infrastructure and TDS Telecom. Visit tdsinc.com.   SOURCE TDS Telecommunications LLC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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