United States Cellular Corp. USM, a leading regional wireless service provider, has decided to install over 600 4G LTE (Long-Term Evolution) cell sites in 2015 which will expand its existing 4G LTE service in 10 states. Following this, management expects to cover 98% of its subscriber base with LTE service.
U.S. Cellular, a subsidiary of Telephone and Data Systems Inc. TDS, has decided to divest non-strategic assets to order to invest in long-term growth projects. The company has taken a number of strategic actions that will likely accelerate growth in the future.
These strategies include introduction of a new billing system, continuous rollout of 4G LTE, enhancement of LTE handsets and the completion of various spectrum transactions. The company is also focused on improving cost and profitability by managing data delivery cost and has also introduced equipment instalment plans.
U.S. Cellular is determined to offer the best wireless experience to its customers by providing innovative devices coupled with superior quality network and national coverage. Recently, the company started offering LG Electronics' latest smartphone, G Flex2.
This device is the world's first Snapdragon 810-powered smartphone and LG's second smartphone with a curved, flexible body. Sprint Corp. S was the first to introduce it in the U.S. Notably, AT&T Inc. T has also decided to offer this device.
U.S. Cellular reported fourth-quarter 2014 loss per share of 25 cents, significantly narrower than the Zacks Consensus Estimate of a loss of 64 cents. Meanwhile, revenues of $1,008.7 million missed the Zacks Consensus Estimate of $1,020 million. However, the figure improved 12% from $902.7 million reported in the year-ago quarter. U.S. Cellular currently has a Zacks Rank #2 (Buy).
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