Telephone & Data Systems Inc. (TDS) said that its board has authorized a new $250 million stock repurchase authorization that will expire in three years.
The new repurchase authorization allows the repurchase of TDS common and TDS special common shares, as market conditions permit.
The company said, "We ended the third quarter of 2009 with a strong, investment-grade balance sheet and both of our business units, U.S. Cellular and TDS Telecom, are free cash flow positive. This financial strength gives TDS the flexibility to continue to repurchase its shares."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.