United States Cellular Corporation (NYSE:USM) has reported its first quarter 2025 results, with total operating revenues at $891 million, compared to $950 million for the same period one year ago. Service revenues totaled $741 million, versus $754 million for the same period one year ago. Notably, net income attributable to UScellular shareholders and related diluted earnings per share were $18 million and $0.21, respectively, for the first quarter of 2025 compared to $18 million and $0.20, respectively, in the same period one year ago.
In the first quarter of 2025, postpaid handset gross additions increased, and postpaid handset net losses improved, reflecting an upward trend in UScellular's postpaid handset results. Third-party tower rental revenues also saw a 6% increase, and the company continued its 5G mid-band network deployment, aimed at providing capacity and enhanced speed for mobility and fixed wireless customers.
Furthermore, during the first quarter of 2025, UScellular repurchased 328,835 of its common shares for $21 million.
It is important to note that due to the pending transaction with T-Mobile, UScellular is not providing 2025 financial guidance at this time. The company is also in the process of selling its wireless operations and select spectrum assets to T-Mobile US, Inc., with the transaction expected to close in mid-2025, subject to regulatory approvals and customary closing conditions.
At the end of the first quarter of 2025, Telephone and Data Systems, Inc. owned approximately 83 percent of UScellular, which provides a comprehensive range of wireless products and services to customers with 4.4 million retail connections in 21 states. Today the company's shares have moved -4.2% to a price of $65.97. For the full picture, make sure to review United States Cellular's 8-K report.
