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Filing Details

Accession Number:: 0000950170-24-140536
Form Type:: 13G Filing
Publication Date:: 2024-12-25 19:00:00

Filed By:: Third Point
Company:: Telephone & Data Systems Inc (NYSE:TDS)
Filing Date:: 2024-12-26
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Beneficially Owned Number of Shares	Beneficially Owned Number of Aggregate Shares	Percent of Class
Third Point LLC	0	6,000,000	5.7%
Daniel S. Loeb	0	6,000,000	5.7%

Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Telephone and Data Systems, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

879433829

(CUSIP Number)

12/17/2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

879433829

Names of Reporting Persons

Third Point LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,000,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,000,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

6,000,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

5.7 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

879433829

Names of Reporting Persons

Daniel S. Loeb

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,000,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,000,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

6,000,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

5.7 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Telephone and Data Systems, Inc.

(b)

Address of issuer's principal executive offices:

The Issuer's principal executive offices are located at 30 North LaSalle Street, Suite 4000, Chicago, Illinois 60602.

Item 2.

(a)

Name of person filing:

Third Point LLC, a Delaware limited liability company (the "Management Company"), which serves as investment manager or adviser to a variety of hedge funds and managed accounts (all such funds and accounts, collectively, the "Funds"), with respect to shares of Common Stock, par value $0.01 per share ("Common Stock") directly owned by the Funds; and Daniel S. Loeb ("Mr. Loeb"), who is the Chief Executive Officer of the Management Company and controls its business activities, with respect to shares of Common Stock indirectly beneficially owned by Mr. Loeb by virtue of such position. The Management Company and Mr. Loeb are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. Except as otherwise set forth herein, the disclosures set forth in Item 4 of this Schedule 13G are made with respect to each of the Reporting Persons.

(b)

Address or principal business office or, if none, residence:

The address of the principal business office of the Management Company and Mr. Loeb is 55 Hudson Yards, New York, New York 10001.

(c)

Citizenship:

The Management Company is organized as a limited liability company under the laws of the State of Delaware. Mr. Loeb is a United States citizen.

(d)

Title of class of securities:

Common Stock, par value $0.01 per share

(e)

CUSIP No.:

879433829

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

6,000,000 shares of Common Stock.

(b)

Percent of class:

5.66%. The percentages used herein and in the rest of this Schedule 13G are calculated based upon the 106,000,000 shares of Common Stock issued and outstanding as of the close of business on September 30, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the U.S.Securities and Exchange Commission on November 1, 2024. Except as described in the preceding sentence, all amounts reported in this Schedule 13G are as of the close of business on December 26, 2024.

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

(ii) Shared power to vote or to direct the vote:

6,000,000

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of:

6,000,000

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Third Point LLC

Signature:	/s/ Jana Tsilman
Name/Title:	Jana Tsilman, as Attorney-in-Fact for Daniel S. Loeb, Chief Executive Officer
Date:	12/26/2024

Daniel S. Loeb

Signature:	/s/ Jana Tsilman
Name/Title:	Jana Tsilman, as Attorney-in-Fact for Daniel S. Loeb
Date:	12/26/2024

Exhibit Information

EXHIBIT INDEX Exhibit 99.1: Joint Filing Agreement, dated December 26, 2024, by and between Third Point LLC and Daniel S. Loeb. Exhibit 99.2: Power of Attorney granted by Daniel S. Loeb in favor of Jana Tsilman and Joshua L. Targoff, dated February 9, 2024, which was previously filed with the SEC on February 13, 2024 as Exhibit 99.2 to the Schedule 13G/A filed by Third Point LLC and Daniel S. Loeb with respect to Global Blue Group Holding AG and is incorporated herein by reference.