United States Cellular, Q3 2026 Earnings Call Transcript

TDS Telecom is accelerating its shift to fiber, with record construction and customer additions supporting confidence in long-term growth. Management expects 2026 fiber builds of 250,000–300,000 addresses, but legacy revenue declines and higher operating and construction costs have delayed the expected revenue inflection; full-year revenue and adjusted EBITDA guidance were reduced, while capital expenditure guidance rose to support accelerated builds. Fiber growth is expected to help offset legacy pressures, alongside a target of $100 million in annualized transformation benefits by year-end 2028.

Array reported strong revenue growth, while T-Mobile’s network integration is expected to reduce interim-site revenue. Leasing demand should partly offset that decline, and Array refined its estimate of towers likely to become tenantless to 1,200–1,600, intensifying focus on lease-cost reductions and site optimization. The company is pursuing spectrum monetization, including C-band, while its 2026 outlook remains unchanged.