On August 2nd, U.S. Cellular posted the results of their second quarter. The information below is provided by their new release. To read the whole release, please click here.
United States Cellular Corporation (NYSE:USM) reported service revenues of $911.0 million for the second quarter of 2013, versus $1,029.7 million for the comparable period one year ago. Net income attributable to U.S. Cellular shareholders and related diluted earnings per share were $143.4 million and $1.69 respectively, for the second quarter of 2013, compared to $52.7 million and $0.62, respectively, in the comparable period one year ago.
The following significant events occurred during the second quarter of 2013:
August 6, 2013 | Tower-Pro
- On April 3, U.S. Cellular deconsolidated the St. Lawrence Seaway RSA Cellular Partnership (“NY1”) and the New York RSA 2Cellular Partnership (“NY2”). As a result, the NY1 and NY2 partnerships results are now reported using the equity method of accounting for investments in its consolidated financial statements. U.S. Cellular has retained the same ownership percentage and will continue to report the same percentage of income.
- On May 16, U.S. Cellular’s previously announced transaction to sell its Chicago, St. Louis, central Illinois and three other markets (the “Divestiture Transaction”) closed and the company received $480 million in cash and recognized a pre-tax gain of $266.4 million.
- On June 25, U.S. Cellular paid a special dividend of $5.75 per Common Share and Series A Common Share, for a total of$482.3 million.
U.S. Cellular has signed a deal with Acxiom for customer recognition, data, enhancement, and analytics services. The Wall Street Journal reported that, “U.S. Cellular will use Acxiom’s data to build a 360-degree view of its customers and markets to deliver one-to-one marketing at scale. The deal will also provide Customer Data Integration (CDI) and data support for customer marketing across all touch points, including mobile, email and direct mail.”
Acxiom is an enterprise data, analytics and software-as-a-service company that uniquely fuses trust, experience and scale to fuel data-driven results. U.S Cellular decided to work with Acxiom to deliver excellent customer experiences and build a long lasting foundation for the company.
July 30, 2013 | Tower-Pro