Company Summary – UScellular

Company Name: United States Cellular Corporation (UScellular)

Business Focus:
UScellular operates as a regional wireless telecommunications provider in the United States. It supplies wireless cellular services, supporting voice, data, and internet connectivity for individual consumers, businesses, and government agencies.

Key Operations and Relationships:

• It is a controlled company with over 50% of voting power held by Telephone and Data Systems, Inc. (TDS).
• UScellular has entered into various strategic transactions and agreements with major telecom players such as T-Mobile US, Inc., Verizon Communications, Inc., and AT&T Inc., including sale agreements for spectrum and wireless operations.
• TDS owns 100% of the Series A Common Shares, giving it significant influence over nominations and company governance.

Employees and Shareholders:

• Employees: The company has approximately 52 million Common Shares outstanding as of February 28, 2025.
• Shareholders: The key shareholder is TDS, holding a substantial percentage of voting power, including 37.8 million Common Shares and 33 million Series A Shares, which are convertible into common stock.

Financial Data (as of latest filings):

• Revenue, net income, and other specific financials such as total revenue and profit are not explicitly detailed in the provided excerpt.
• Market Value: As of June 28, 2024, the market value of the company’s common shares held by non-affiliates was approximately $828 million, based on a share price of $55.82 reported on the NYSE.

Corporate Governance & Business Operations:

• UScellular has a diverse board of directors, including independents and members nominated by the controlling shareholder TDS.
• The company shares services and material supplies with TDS, including a cost-sharing agreement that in 2024 totaled $12 million.
• It participates in various employee benefit plans, including a 401(k), pension, and deferred compensation arrangements.
• The company has multiple debt instruments and securities, including senior notes due in 2069 and 2070, with various indentures and offerings.

Regulatory & Compliance:

• Listed on the New York Stock Exchange.
• Adheres to corporate governance, executive compensation, and insider-related transaction disclosures in compliance with SEC and NYSE standards.

Summary:
UScellular is a regional wireless service provider with a focus on cellular communication, spectrum management, and related telecommunications services across select markets in the U.S., primarily owned and controlled through its parent company TDS. Its strategic partnerships, spectrum management, and extensive share ownership form the core of its business operations.