Telephone and Data Systems, Inc. (NYSE:TDS) Q3 2023 Earnings Call Transcript

Michelle Brukwicki : Yes. Thanks, LT. Yes, so for MVNO, we are currently making great progress on getting an MVNO product launched for TDS Telecom. It’s going to be called TDS Mobile. We’re in the final stages of contract negotiations and integrations with our partners. We are an NCTC member and so we have chosen to participate in the NCTC MVNO program and sign up with the partners that they have selected to support that program. However, we will also be working with UScellular. As we’ve mentioned in the past, UScellular does overlap with TDS Telecom’s footprint and about 40% of our geographies could be served by UScellular. And where that overlap happens, we do expect UScellular to be our partner to offer TDS Mobile. Where that does not overlap, then we will have to leverage a different wireless carrier, and that’s the partner that NCTC has chosen.

So we’re very excited about this new TDS mobile product. We’re getting very close, and we expect to have it launched here within in the next few months.

Sergey Dluzhevskiy: Got it. Thank you.

Operator: Thank you. And Ms. Thompson, I’ll turn things back to you for any closing comments at this time.

Colleen Thompson : Okay. Thanks, everyone, for your time today. Have a good weekend.

Operator: Thank you, Ms. Thompson. Ladies and gentlemen, it does conclude the TDS and UScellular third quarter 2023 operating results call. We’d like to thank you all so much for joining us and wish you all a great day. Goodbye.