U.S. Cellular (USM) Reports Q2 Revenue of $957M, EPS of $0.05

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Go back to U.S. Cellular (USM) Reports Q2 Revenue of $957M, EPS of $0.05

UScellular reports second quarter 2023 results

August 4, 2023 7:36 AM EDT

2Q 2023 Highlights*

Focused on improving subscriber trajectory to reduce postpaid losses - made progress in reducing postpaid churnReduced postpaid handset churn 8%Executing on growth initiativesFixed Wireless customers grew 66% to 96,000  Tower rental revenues grew 10%Reduced debt balance by $150 million in 2Q'23Launching 5G Mid-Band network - providing low latency and faster speedsEnded June with availability in parts of Illinois,... More