Stock Track | United States Cellular Surges 8% in Pre-Market as Sale of Wireless Assets Boosts Outlook

Stock Track

Feb 21, 2025

United States Cellular Corporation (USM) shares jumped 8.02% in pre-market trading on Friday, following the company's fourth-quarter and full-year 2024 earnings release. The telecom company's stock soared as investors reacted positively to its announced transactions related to the sale of wireless operations and spectrum assets.

While USM reported declines in revenue for both Q4 and the full year of 2024, the company's strategic alternatives review and subsequent deals with T-Mobile, Verizon, AT&T, and others for the sale of its wireless business and spectrum licenses appear to have boosted investor sentiment.

Highlights from USM's earnings report include:

Q4 2024 net income of $5 million, down from $14 million in Q4 2023
Full-year 2024 net loss of $39 million, compared to net income of $54 million in 2023
Postpaid subscriber losses improved in Q4 2024
Announced transactions to sell wireless operations and select spectrum assets to T-Mobile, Verizon, AT&T, and others, subject to regulatory approvals

While the company's financial performance was mixed, investors seem to be focusing on the potential value unlocked by the planned sale of its wireless business and spectrum assets. The transactions are expected to provide a significant boost to USM's financials and potentially pave the way for a pivot to new growth opportunities.

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The telecom company's stock soared as investors reacted positively to its announced transactions related to the sale of wireless operations and spectrum assets.</p>\n\n<p>While USM reported declines in revenue for both Q4 and the full year of 2024, the company's strategic alternatives review and subsequent deals with T-Mobile, Verizon, AT&T, and others for the sale of its wireless business and spectrum licenses appear to have boosted investor sentiment.</p>\n\n<p>Highlights from USM's earnings report include:\n<ul>\n<li>Q4 2024 net income of $5 million, down from $14 million in Q4 2023</li>\n<li>Full-year 2024 net loss of $39 million, compared to net income of $54 million in 2023</li>\n<li>Postpaid subscriber losses improved in Q4 2024</li>\n<li>Announced transactions to sell wireless operations and select spectrum assets to T-Mobile, Verizon, AT&T, and others, subject to regulatory approvals</li>\n</ul>\n</p>\n\n<p>While the company's financial performance was mixed, investors seem to be focusing on the potential value unlocked by the planned sale of its wireless business and spectrum assets. The transactions are expected to provide a significant boost to USM's financials and potentially pave the way for a pivot to new growth opportunities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1161638548","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161638548","pubTimestamp":1740142986,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"United States Cellular Corporation  shares jumped 8.02% in pre-market trading on Friday, following the company's fourth-quarter and full-year 2024 earnings release. The telecom company's stock soared as investors reacted positively to its announced transactions related to the sale of wireless operations and spectrum assets.While USM reported declines in revenue for both Q4 and the full year of 2024, the company's strategic alternatives review and subsequent deals with T-Mobile, Verizon, AT&T, an","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"股票追踪美国蜂窝公司盘前飙升8%，出售无线资产提振前景","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USM":1},"content_text":"United States Cellular Corporation (USM) shares jumped 8.02% in pre-market trading on Friday, following the company's fourth-quarter and full-year 2024 earnings release. The telecom company's stock soared as investors reacted positively to its announced transactions related to the sale of wireless operations and spectrum assets.\nWhile USM reported declines in revenue for both Q4 and the full year of 2024, the company's strategic alternatives review and subsequent deals with T-Mobile, Verizon, AT&T, and others for the sale of its wireless business and spectrum licenses appear to have boosted investor sentiment.\nHighlights from USM's earnings report include:\n\nQ4 2024 net income of $5 million, down from $14 million in Q4 2023\nFull-year 2024 net loss of $39 million, compared to net income of $54 million in 2023\nPostpaid subscriber losses improved in Q4 2024\nAnnounced transactions to sell wireless operations and select spectrum assets to T-Mobile, Verizon, AT&T, and others, subject to regulatory approvals\n\nWhile the company's financial performance was mixed, investors seem to be focusing on the potential value unlocked by the planned sale of its wireless business and spectrum assets. The transactions are expected to provide a significant boost to USM's financials and potentially pave the way for a pivot to new growth opportunities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}