This document is the 2000 Annual Report for Telephone and Data Systems, Inc. (TDS). In 2000, TDS saw consolidated operating revenues grow 10% and operating cash flow increase 13%. However, net income from continuing operations declined 50% due to substantial gains in 1999. TDS's two main business units - U.S. Cellular and TDS Telecom - both experienced strong growth. U.S. Cellular added nearly half a million new customers and surpassed 3 million customers total. TDS Telecom grew revenues at both its incumbent and competitive local exchange carriers. The report discusses leadership changes and strategic priorities to continue growing customer focus and network capabilities across TDS's telecommunications businesses.
This annual report summarizes the financial results and strategic initiatives of Telephone and Data Systems, Inc. (TDS) in 1998. Key highlights include:
- TDS achieved 32% growth in operating revenues and 30% growth in operating cash flow in 1998. Earnings per share increased due to gains from the sale of minority cellular interests.
- TDS's major business units - U.S. Cellular, TDS Telecom, and Aerial Communications - all experienced substantial growth. U.S. Cellular added its 2 millionth customer in 1998.
- TDS is pursuing a strategic plan to spin-off its ownership in Aerial Communications to focus on its core wireless and wireline businesses
This document is the 1999 annual report for Telephone and Data Systems, Inc. (TDS). It highlights strong financial performance in 1999 with 19% revenue growth and 23% operating cash flow growth. It discusses the planned merger between TDS subsidiary Aerial Communications and VoiceStream Wireless which was approved in early 2000. The report outlines TDS's major assets which include stakes in U.S. Cellular, Aerial/VoiceStream, TDS Telecom subsidiaries, and other telecom companies. It summarizes growth and strategic plans for U.S. Cellular and TDS Telecom subsidiaries to continue expanding services and capturing opportunities in a consolidating industry.
Telephone and Data Systems Inc. (TDS) reported financial results for 2001. TDS has wireless and telephone operations, providing services to over 4.3 million customers. In 2001, TDS grew revenues 11% and operating cash flow 8%, while its wireless subsidiary U.S. Cellular grew revenues 10% and operating cash flow 11%. TDS aims to expand its existing operations through acquisitions and exploring new telecommunications businesses.
U.S. Cellular had an award-winning year in 2001, achieving strong financial results and customer growth despite economic challenges. The company increased service revenues 10% to $1.8 billion, operating cash flow 11% to $618 million, and customers 13% to 3.5 million. U.S. Cellular also developed a new vision, mission, and strategy focused on customer satisfaction, and announced plans to convert its network to CDMA digital technology over the next three years to enhance service and expand capabilities. Looking ahead, U.S. Cellular aims to continue profitable growth through its Dynamic Organization approach centered on customers, shareholders, and associates.
[1] ALLTEL achieved solid financial results in 2002 despite economic challenges, with revenues and earnings per share up 6% and 14% respectively. [2] The company completed two acquisitions, adding over 1.35 million customers, and raised $3 billion in financing for the deals. [3] Looking ahead, ALLTEL will focus on improving the customer experience at all points of interaction and navigating ongoing industry and regulatory issues.
Experiencia Internacional en Políticas Públicas para cerrar la brecha digitalAndesco
Howard Williams, Profesor emérito Universidad de Strathclyde, consultor internacional
Congreso Andesco de Servicios Públicos y TIC 14º Nacional y 5º Internacional, Cartagena Colombia, Junio 27, 28 y 29 de 2012
Navigating the Telecom Cloud: Growth PerspectivesCamille Mendler
This white paper, produced in April 2012, is derived from the Informa Telecom Cloud Monitor, an analytical tool tracking the cloud-related activities of more than 130 operators worldwide.
NTT Company & Services provides an overview of NTT Group's global business. Key points include:
- NTT Group generates over $130 billion in annual revenue and employs over 45,000 people globally.
- NTT Com has a presence in 69 countries/regions, with subsidiaries and offices in 84 cities across 30 countries/regions.
- NTT offers a wide range of network, cloud, consulting, and other services to enterprise clients globally.
This annual report summarizes the financial results and strategic initiatives of Telephone and Data Systems, Inc. (TDS) in 1998. Key highlights include:
- TDS achieved 32% growth in operating revenues and 30% growth in operating cash flow in 1998. Earnings per share increased due to gains from the sale of minority cellular interests.
- TDS's major business units - U.S. Cellular, TDS Telecom, and Aerial Communications - all experienced substantial growth. U.S. Cellular added its 2 millionth customer in 1998.
- TDS is pursuing a strategic plan to spin-off its ownership in Aerial Communications to focus on its core wireless and wireline businesses
This document is the 1999 annual report for Telephone and Data Systems, Inc. (TDS). It highlights strong financial performance in 1999 with 19% revenue growth and 23% operating cash flow growth. It discusses the planned merger between TDS subsidiary Aerial Communications and VoiceStream Wireless which was approved in early 2000. The report outlines TDS's major assets which include stakes in U.S. Cellular, Aerial/VoiceStream, TDS Telecom subsidiaries, and other telecom companies. It summarizes growth and strategic plans for U.S. Cellular and TDS Telecom subsidiaries to continue expanding services and capturing opportunities in a consolidating industry.
Telephone and Data Systems Inc. (TDS) reported financial results for 2001. TDS has wireless and telephone operations, providing services to over 4.3 million customers. In 2001, TDS grew revenues 11% and operating cash flow 8%, while its wireless subsidiary U.S. Cellular grew revenues 10% and operating cash flow 11%. TDS aims to expand its existing operations through acquisitions and exploring new telecommunications businesses.
U.S. Cellular had an award-winning year in 2001, achieving strong financial results and customer growth despite economic challenges. The company increased service revenues 10% to $1.8 billion, operating cash flow 11% to $618 million, and customers 13% to 3.5 million. U.S. Cellular also developed a new vision, mission, and strategy focused on customer satisfaction, and announced plans to convert its network to CDMA digital technology over the next three years to enhance service and expand capabilities. Looking ahead, U.S. Cellular aims to continue profitable growth through its Dynamic Organization approach centered on customers, shareholders, and associates.
[1] ALLTEL achieved solid financial results in 2002 despite economic challenges, with revenues and earnings per share up 6% and 14% respectively. [2] The company completed two acquisitions, adding over 1.35 million customers, and raised $3 billion in financing for the deals. [3] Looking ahead, ALLTEL will focus on improving the customer experience at all points of interaction and navigating ongoing industry and regulatory issues.
Experiencia Internacional en Políticas Públicas para cerrar la brecha digitalAndesco
Howard Williams, Profesor emérito Universidad de Strathclyde, consultor internacional
Congreso Andesco de Servicios Públicos y TIC 14º Nacional y 5º Internacional, Cartagena Colombia, Junio 27, 28 y 29 de 2012
Navigating the Telecom Cloud: Growth PerspectivesCamille Mendler
This white paper, produced in April 2012, is derived from the Informa Telecom Cloud Monitor, an analytical tool tracking the cloud-related activities of more than 130 operators worldwide.
NTT Company & Services provides an overview of NTT Group's global business. Key points include:
- NTT Group generates over $130 billion in annual revenue and employs over 45,000 people globally.
- NTT Com has a presence in 69 countries/regions, with subsidiaries and offices in 84 cities across 30 countries/regions.
- NTT offers a wide range of network, cloud, consulting, and other services to enterprise clients globally.
- PIPE investments from 2007 that were valued at $5.29 billion are now worth $3.06 billion, representing a loss of $2.23 billion or -42%. The downturn has impacted sectors like real estate, media, and IT the most with losses over -70%.
- 92% of PIPE deals from 2007 are showing losses. IPO volumes from 2007 of $8.18 billion have fallen to $4.75 billion, a loss of $3.43 billion or -42% across sectors like auto, healthcare, manufacturing, media and real estate.
- The market downturn has led to widespread wealth destruction for investments made in 2007 across most sectors.
Reliance Communications owns and operates one of the largest private submarine cable systems in the world spanning 65,000 kilometers. It is among the top 15 international long distance carriers globally, handling over 15 billion minutes of traffic. In its global enterprise business, Reliance is a leading provider of carrier, enterprise, and consumer services internationally, serving over 2.5 million retail customers across 14 countries. It has extensive global connectivity and fiber optic assets, including over 277,000 route kilometers of fiber optic cable with landing points in 30 countries.
Morris County, New Jersey has a civilian labor force of 275,000 with an unemployment rate of 7%. Its largest private sector employers include Avis, Siemens Medical Solutions, and Honeywell International. Morris County has transitioned from industries like iron mining to research, pharmaceuticals, and light manufacturing. It has a highly educated population and is among the wealthiest counties in the U.S. in terms of per capita income.
The city of Camden, New Jersey has high unemployment at 19% and per capita income of only $11,967. Major employers include Cooper Health and L3 Communications Corp. The largest employment sectors are trade, transportation, and utilities employing 20% of workers. Educational attainment is low with 41% having less than a high school diploma. Transportation includes access to Amtrak, PATCO high-speed line, and roads like I-676 and US-30. Incentives to promote business include tax credits through the Economic Redevelopment and Growth Grant.
Cisco Systems is finding new growth opportunities in bundling voice, video and internet services which could each be worth $10 billion annually to Cisco within five years. Cisco CEO John Chambers notes that Cisco is winning early contracts for these new services and expects Cisco to become the leading network provider as communication increasingly moves online. Analysts have raised their sales growth forecasts for Cisco to over 15% annually through 2008 as demand grows for internet video and emerging markets invest in networking infrastructure.
This document discusses opportunities and challenges for broadband development in China. It summarizes the experiences of the US broadband industry, including: (1) how competition drove down prices and improved services; (2) the importance of reducing costs to improve profitability; and (3) how regulations shaped the development of different services. It also examines trends in user behavior and emerging technologies that could impact China's broadband development.
Sussex County, New Jersey has a civilian labor force of 84,200 with an unemployment rate of 8.9%. Major private sector employers include Highland Lakes Country Club and ShopRite Supermarkets. The county has experienced growth in general merchandise stores, nursing facilities, and computer manufacturing. Sussex County residents have higher rates of commuting outside the county for work, with an average commute time of 38 minutes.
Al Fried Llc Analytics Report CVC 070909 Ak Markedttgoods
The analyst initiates coverage of Cablevision Systems Corp. (CVC) with a BUY rating and $23 price target. Some key points from the summary:
- CVC has a recurring revenue model from telecom services that will see strong retention in a weak economy.
- Madison Square Garden is viewed as a hidden asset not fully reflected in CVC's stock price.
- A sum-of-the-parts valuation estimates CVC's equity is worth $22.86 per share, representing 30% upside to the target price.
The document discusses EMC's mission to help customers transition to cloud computing. It outlines key IT pain points such as budget constraints, rapidly growing data volumes, and security threats. The cloud is presented as a solution to these issues, with the hybrid cloud model combining private and public cloud options. EMC aims to virtualize applications and transform infrastructure through automated hybrid cloud solutions.
The document discusses the US Economic Stimulus Act of 2008 and how it provides tax benefits for companies purchasing new technology equipment. It outlines that the Act allows 50% bonus depreciation in the first year on purchases before December 2008. It also details that Nortel is offering financing options like $1 "buy-out leases" that allow companies to pay for equipment over time but still receive the tax benefits. The document provides examples of how much companies in different tax brackets could save on Unified Communications solutions from Nortel by taking advantage of the Stimulus Act.
Présentation des résultats financiers Ericsson (Q3 2009)Ericsson France
currency was even stronger at 13%. The strong development was driven by
systems integration and consulting, while managed services sales were stable.
70
Margins were stable at 15% despite start-up costs for major new contracts.
60
Multimedia
Multimedia sales decreased 4% year-over-year. The decrease was mainly due to
the divestment of Ericsson Mobile Platforms in 2008. Excluding divested opera-
50
tions, sales increased 13% in local currency. Margins improved to 11% (9%) due
to efficiency gains and a better product mix.
40
30
Financial position
Net cash increased to SEK 33.9 billion at the
Viacom reported record second quarter 2002 results, with revenues increasing 2% to $5.85 billion and operating income rising 5% to $1.18 billion compared to the previous year. Free cash flow increased 22% to $1.03 billion. The company saw increased results in its cable networks, television, and video segments. Viacom expects double-digit growth in earnings per share, operating income, and EBITDA for the full year 2002 based on continued improvement in the advertising market.
Salem County, New Jersey has a civilian labor force of 31,600 with an unemployment rate of 9.8%, higher than the state and national rates. The largest private sector employers are Memorial Hospital and Mannington Mills Inc. Fast growing employment sectors include ambulatory health care and nonmetallic mineral product manufacturing. The county has a projected employment growth rate of 0.6% through 2018.
Victor Yossarian acquired a 10% stake in Teletech Corporation and demanded board seats, criticizing the company's returns. Teletech's CFO Margaret Weston organized a team to assess the threat. She needed to respond to Yossarian in the short term and assess hurdle rates and segment performance in the long term. Debate had occurred within Teletech about the appropriate hurdle rates for evaluating projects given the different risks of its two business segments, Telecommunications Services and Products and Systems. The telecom segment argued it faced lower risk and its projects should be evaluated using a lower hurdle rate.
Computer Sciences Corporation (CSC) is an information technology services company that saw record revenues and earnings in fiscal year 1997. Some key events included winning $9 billion in new contracts, acquiring companies in the financial services and healthcare industries to expand its capabilities, and forming new vertical market organizations in financial services and healthcare. CSC also is well-positioned to help clients address the upcoming "Year 2000" computer issue. The company's chairman expressed optimism about CSC's prospects given its world-class offerings and talented employees.
- Comcast reported increased revenue, operating cash flow, and operating income for Q1 2009 compared to Q1 2008. Revenue grew 5% to $8.8 billion while operating cash flow grew 8% to $3.4 billion and operating income grew 16% to $1.8 billion.
- EPS grew 13% to $0.27 per share from $0.24 in Q1 2008. Adjusted EPS, which excludes a one-time gain, grew 42% to $0.27.
- Free cash flow increased 95% to $1.4 billion driven by lower capital expenditures and growth in operating cash flow.
The NZ Commerce Commission produces an annual telecommunications market monitoring report providing an overview of telecommunications markets and the state of competition. Bi-annual and quarterly market monitoring reports with a more limited range of data and analysis have also been published.
Much of the data for the annual monitoring report is collected from an annual telecommunications industry questionnaire administered by the Commission. The aggregated results from this questionnaire are also published, although some data has to be withheld on the grounds that it is commercially sensitive.
For the third quarter of FY2011:
- Revenue was $3.5 million with a gross profit of $289,000
- The contribution from cloud telephony products increased from 15% to 21% of gross profits
- The company completed its corporate rebranding initiative and launched its new website
- On a non-GAAP basis, excluding non-cash expenses, the company reported a net loss of $180,000
ATSI Reports Annual Results for FY2010digerati-inc
ATSI Communications reported financial results for the 2010 fiscal year, showing improvements over 2009. Revenues were $20.9 million with gross profit of $1.6 million, up 15% and 35% respectively from the previous year. This led to an 88% increase in cash flow from operations and a 74% reduction in net loss. The company saw increased demand for its new hosted VoIP applications and expects continued growth in 2011 from expanding these high margin services and growing its global VoIP business.
The document discusses India's significant contributions to various fields throughout history as noted by several prominent figures. It provides examples of how India invented concepts like the number system, place value, quadratic equations, and more. India is also credited as the birthplace of many languages, philosophies, and as being a cradle of human civilization according to the quotes. The document aims to showcase India's profound impact and influence on other parts of the world.
Employees want to feel their work matters and connects to broader goals. Providing measurable goals and allowing employees to track their own progress independently can increase job satisfaction. Taking personal interest in employees, showing understanding of their challenges, and giving credit for their successes helps them feel valued rather than invisible.
- PIPE investments from 2007 that were valued at $5.29 billion are now worth $3.06 billion, representing a loss of $2.23 billion or -42%. The downturn has impacted sectors like real estate, media, and IT the most with losses over -70%.
- 92% of PIPE deals from 2007 are showing losses. IPO volumes from 2007 of $8.18 billion have fallen to $4.75 billion, a loss of $3.43 billion or -42% across sectors like auto, healthcare, manufacturing, media and real estate.
- The market downturn has led to widespread wealth destruction for investments made in 2007 across most sectors.
Reliance Communications owns and operates one of the largest private submarine cable systems in the world spanning 65,000 kilometers. It is among the top 15 international long distance carriers globally, handling over 15 billion minutes of traffic. In its global enterprise business, Reliance is a leading provider of carrier, enterprise, and consumer services internationally, serving over 2.5 million retail customers across 14 countries. It has extensive global connectivity and fiber optic assets, including over 277,000 route kilometers of fiber optic cable with landing points in 30 countries.
Morris County, New Jersey has a civilian labor force of 275,000 with an unemployment rate of 7%. Its largest private sector employers include Avis, Siemens Medical Solutions, and Honeywell International. Morris County has transitioned from industries like iron mining to research, pharmaceuticals, and light manufacturing. It has a highly educated population and is among the wealthiest counties in the U.S. in terms of per capita income.
The city of Camden, New Jersey has high unemployment at 19% and per capita income of only $11,967. Major employers include Cooper Health and L3 Communications Corp. The largest employment sectors are trade, transportation, and utilities employing 20% of workers. Educational attainment is low with 41% having less than a high school diploma. Transportation includes access to Amtrak, PATCO high-speed line, and roads like I-676 and US-30. Incentives to promote business include tax credits through the Economic Redevelopment and Growth Grant.
Cisco Systems is finding new growth opportunities in bundling voice, video and internet services which could each be worth $10 billion annually to Cisco within five years. Cisco CEO John Chambers notes that Cisco is winning early contracts for these new services and expects Cisco to become the leading network provider as communication increasingly moves online. Analysts have raised their sales growth forecasts for Cisco to over 15% annually through 2008 as demand grows for internet video and emerging markets invest in networking infrastructure.
This document discusses opportunities and challenges for broadband development in China. It summarizes the experiences of the US broadband industry, including: (1) how competition drove down prices and improved services; (2) the importance of reducing costs to improve profitability; and (3) how regulations shaped the development of different services. It also examines trends in user behavior and emerging technologies that could impact China's broadband development.
Sussex County, New Jersey has a civilian labor force of 84,200 with an unemployment rate of 8.9%. Major private sector employers include Highland Lakes Country Club and ShopRite Supermarkets. The county has experienced growth in general merchandise stores, nursing facilities, and computer manufacturing. Sussex County residents have higher rates of commuting outside the county for work, with an average commute time of 38 minutes.
Al Fried Llc Analytics Report CVC 070909 Ak Markedttgoods
The analyst initiates coverage of Cablevision Systems Corp. (CVC) with a BUY rating and $23 price target. Some key points from the summary:
- CVC has a recurring revenue model from telecom services that will see strong retention in a weak economy.
- Madison Square Garden is viewed as a hidden asset not fully reflected in CVC's stock price.
- A sum-of-the-parts valuation estimates CVC's equity is worth $22.86 per share, representing 30% upside to the target price.
The document discusses EMC's mission to help customers transition to cloud computing. It outlines key IT pain points such as budget constraints, rapidly growing data volumes, and security threats. The cloud is presented as a solution to these issues, with the hybrid cloud model combining private and public cloud options. EMC aims to virtualize applications and transform infrastructure through automated hybrid cloud solutions.
The document discusses the US Economic Stimulus Act of 2008 and how it provides tax benefits for companies purchasing new technology equipment. It outlines that the Act allows 50% bonus depreciation in the first year on purchases before December 2008. It also details that Nortel is offering financing options like $1 "buy-out leases" that allow companies to pay for equipment over time but still receive the tax benefits. The document provides examples of how much companies in different tax brackets could save on Unified Communications solutions from Nortel by taking advantage of the Stimulus Act.
Présentation des résultats financiers Ericsson (Q3 2009)Ericsson France
currency was even stronger at 13%. The strong development was driven by
systems integration and consulting, while managed services sales were stable.
70
Margins were stable at 15% despite start-up costs for major new contracts.
60
Multimedia
Multimedia sales decreased 4% year-over-year. The decrease was mainly due to
the divestment of Ericsson Mobile Platforms in 2008. Excluding divested opera-
50
tions, sales increased 13% in local currency. Margins improved to 11% (9%) due
to efficiency gains and a better product mix.
40
30
Financial position
Net cash increased to SEK 33.9 billion at the
Viacom reported record second quarter 2002 results, with revenues increasing 2% to $5.85 billion and operating income rising 5% to $1.18 billion compared to the previous year. Free cash flow increased 22% to $1.03 billion. The company saw increased results in its cable networks, television, and video segments. Viacom expects double-digit growth in earnings per share, operating income, and EBITDA for the full year 2002 based on continued improvement in the advertising market.
Salem County, New Jersey has a civilian labor force of 31,600 with an unemployment rate of 9.8%, higher than the state and national rates. The largest private sector employers are Memorial Hospital and Mannington Mills Inc. Fast growing employment sectors include ambulatory health care and nonmetallic mineral product manufacturing. The county has a projected employment growth rate of 0.6% through 2018.
Victor Yossarian acquired a 10% stake in Teletech Corporation and demanded board seats, criticizing the company's returns. Teletech's CFO Margaret Weston organized a team to assess the threat. She needed to respond to Yossarian in the short term and assess hurdle rates and segment performance in the long term. Debate had occurred within Teletech about the appropriate hurdle rates for evaluating projects given the different risks of its two business segments, Telecommunications Services and Products and Systems. The telecom segment argued it faced lower risk and its projects should be evaluated using a lower hurdle rate.
Computer Sciences Corporation (CSC) is an information technology services company that saw record revenues and earnings in fiscal year 1997. Some key events included winning $9 billion in new contracts, acquiring companies in the financial services and healthcare industries to expand its capabilities, and forming new vertical market organizations in financial services and healthcare. CSC also is well-positioned to help clients address the upcoming "Year 2000" computer issue. The company's chairman expressed optimism about CSC's prospects given its world-class offerings and talented employees.
- Comcast reported increased revenue, operating cash flow, and operating income for Q1 2009 compared to Q1 2008. Revenue grew 5% to $8.8 billion while operating cash flow grew 8% to $3.4 billion and operating income grew 16% to $1.8 billion.
- EPS grew 13% to $0.27 per share from $0.24 in Q1 2008. Adjusted EPS, which excludes a one-time gain, grew 42% to $0.27.
- Free cash flow increased 95% to $1.4 billion driven by lower capital expenditures and growth in operating cash flow.
The NZ Commerce Commission produces an annual telecommunications market monitoring report providing an overview of telecommunications markets and the state of competition. Bi-annual and quarterly market monitoring reports with a more limited range of data and analysis have also been published.
Much of the data for the annual monitoring report is collected from an annual telecommunications industry questionnaire administered by the Commission. The aggregated results from this questionnaire are also published, although some data has to be withheld on the grounds that it is commercially sensitive.
For the third quarter of FY2011:
- Revenue was $3.5 million with a gross profit of $289,000
- The contribution from cloud telephony products increased from 15% to 21% of gross profits
- The company completed its corporate rebranding initiative and launched its new website
- On a non-GAAP basis, excluding non-cash expenses, the company reported a net loss of $180,000
ATSI Reports Annual Results for FY2010digerati-inc
ATSI Communications reported financial results for the 2010 fiscal year, showing improvements over 2009. Revenues were $20.9 million with gross profit of $1.6 million, up 15% and 35% respectively from the previous year. This led to an 88% increase in cash flow from operations and a 74% reduction in net loss. The company saw increased demand for its new hosted VoIP applications and expects continued growth in 2011 from expanding these high margin services and growing its global VoIP business.
The document discusses India's significant contributions to various fields throughout history as noted by several prominent figures. It provides examples of how India invented concepts like the number system, place value, quadratic equations, and more. India is also credited as the birthplace of many languages, philosophies, and as being a cradle of human civilization according to the quotes. The document aims to showcase India's profound impact and influence on other parts of the world.
Employees want to feel their work matters and connects to broader goals. Providing measurable goals and allowing employees to track their own progress independently can increase job satisfaction. Taking personal interest in employees, showing understanding of their challenges, and giving credit for their successes helps them feel valued rather than invisible.
Este documento presenta una guía de lecturas para el curso de Finanzas II organizada en varias clases. Cada clase cubre un tema como tasas, decisiones de financiamiento, mercados de capitales, estructura de capital, finanzas internacionales, riesgo, derivados, valuación de empresas y bonos. Para cada tema, se lista uno o más artículos o libros sugeridos para su lectura. La guía también incluye pruebas de lectura periódicas para evaluar la comprensión de los estudiantes.
This document summarizes a thesis midterm project exploring the design of wearable objects based on biological structures and forms. It discusses relevant domains and precedents using biological structures for 2D to 3D forms and DIY wearables. Prototypes will test structures in different materials. The target user group is fashion/design enthusiasts interested in customization. User feedback supported the idea but noted needs for better materials and defining constants/variables. Next steps are to test more materials and research interfaces and virus-based fabrics.
Social media gets more engaging with age - Adobe q1 2014 social intelligence ...Mediamaispasque
Social buzz, ads, and content can all be used as a way to reach and monitor individual
consumers. Facebook continues to dominate the social realm, but each social site has a
unique audience and route that can lead to more loyal fans, brand awareness,
and eventual revenue.
Reliability centered maintenance (RCM) is a process to ensure assets continue meeting user needs. It can increase cost effectiveness, uptime and risk understanding. RCM analyzes how assets can fail and the effects, then determines preventative tasks. It is defined by a 7 question methodology. Maximo customers implement RCM via specialized tools for high risk industries, partner applications for focused groups, or embedding in policies and procedures for broader use. RCM success requires a culture of continuous improvement.
This document discusses using Twitter's API with PHP to retrieve a user's location and tweets from Twitter and store them in a database. It explains how OAuth authentication works to allow secure API access without sharing passwords. It also describes how cURL can be used to communicate with the Twitter API from PHP applications. The document lists the types of user information that can be retrieved from the Twitter API and discusses some issues with inconsistent location data across mobile devices.
Hari Kamis (6/12) dilaksanakan peletakan batu pertama pembangunan gedung kelas baru SDN Karangbaru 06 Cikarang Utara yang juga merupakan bagian dari program CSR PT Cameron Services International
This document proposes solutions to address the growing rates of breast cancer in rural China. It aims to provide education on breast cancer causes and prevention, offer screening resources, and support patient communities. Key challenges include effective information dispersal in rural areas and developing affordable screening. Research found lack of healthcare information and links between lifestyle, diet, and cancer. The proposal is a mobile clinic with examination rooms, medical equipment, and telemedicine for education, primary care, screening, and treating simple diseases. Shipping containers are suggested for their sustainability, low-cost, and adaptability.
This document provides a list of supplies needed to make party decorations including scissors, glue, tape, wire, and rulers as well as paper and plastic models to demonstrate different molecular structures like α-helix spirals, β-sheet arrows, molecular loops made of yarn or rope, and four types of molecular "lace" using building blocks like polyhedrons and crystal lattices.
This document summarizes Clorox's focus on four megatrends - health and wellness, convenience, environmental sustainability, and a more multicultural marketplace - to drive their business growth. It provides examples of how Clorox is bringing these megatrends to life through new products, marketing campaigns, and insights into consumer behaviors. Clorox aims to meet everyday consumer needs through innovation that improves health, reduces environmental impact, saves time, and resonates across cultures.
Using MongoDB and a Relational Database at MongoDB Dayhayesdavis
This document discusses using MongoDB and a relational database together in applications. It suggests testing your data and access patterns to determine if MongoDB is a good fit for parts of your app. If so, utilities, logging, comments, and isolated subsystems are examples of good candidates for MongoDB. The document provides instructions for setting up MongoDB with Rails applications using MongoMapper and ActiveRecord together. It also describes some challenges like replacing migrations and tool upgrades over time.
Bharti Airtel is a global telecommunications company offering integrated solutions including mobile services, fixed line, broadband and enterprise services. Some key points:
- It is one of the largest mobile operators in the world with over 221 million customers across 19 countries.
- In India, it is the largest private integrated telecom operator with a presence in all 22 telecom circles.
- The company has shown strong growth over the years and achieved $13 billion in revenues and $4 billion in EBITDA in fiscal year 2011.
Fcc infographic – “spec it out!” – illustrates consumer impact of mobile br...Tev Tlov
Spectrum is the public airwaves that enable wireless technologies like cell phones, tablets, and WiFi. Demand for spectrum is growing rapidly but the available spectrum is limited, creating a "spectrum crunch." Voluntary incentive auctions are a proposed solution where wireless companies can bid on unused spectrum from companies that agree to return it. This would generate billions for the economy, enable new wireless innovations, and benefit consumers with improved connectivity.
Market analysis on world top telecom companiesSree Kari
The document analyzes the Indian telecommunication sector and the top companies operating within it. It provides an overview of VIT Business School and introduces the key competitors in the sector such as Verizon, AT&T, China Mobile, Vodafone, and others. Market share analysis shows that AT&T and Verizon have the largest market shares. The document also uses software like Weka and SPSS to predict future prices for Verizon and AT&T over the next few days and weeks. In conclusion, it finds that Verizon and AT&T are among the top telecom companies globally with significant market share and projects.
This document summarizes key findings from the ISA-Frost & Sullivan 2010-2012 India Semiconductor Market Update report. It finds that India's semiconductor market grew 28.3% in 2010, with mobile devices, telecommunications, and IT/OA contributing 82% of the total market. Local manufacturing of telecom equipment is expected to drive 50% semiconductor consumption growth from 2010-2012. The automotive segment is forecast to see the highest growth of 31% in semiconductor demand over that period. The sustained gap between total market and available market highlights the need to promote local manufacturing to drive higher total available market growth.
Motorola's 2003 annual report highlights opportunities in multiple areas:
1) Personal communications including 3G handsets and push-to-talk over cellular.
2) Networking through equipment sales to major telecom operators and new switching technology.
3) Mission-critical communications for public safety and enterprises.
4) Emerging technologies like wireless home networking, mobile broadband, and automotive electronics.
[JAM 2.0] CTIA 2011: Mobile Business (Evgeny Kaziak)jam_team
The document summarizes key details from CTIA 2011, a mobile business conference. It provided details on attendance (1500 participants, 250 companies, over 100 speakers), themes covered (mobile enterprise, cloud services, M2M, cross-platform development), and metrics on growth of M2M devices and applications on AT&T's network. It also summarized the "Device Wars" between mobile platforms and manufacturers, showing stats on apps available, downloads per day, and smartphone shipments for major players like Apple, HTC, LG and others.
Multichannel experiences will define the future of UX management. But you're probably not going to be leading the management of these multichannel experiences, unless you move UX from a cost center to an investment center. So start today by writing your new job description.
Second Largest mobile VoIP company with 20 million users and $90 million in annual revenue. Provides apps for smartphones, tablets, and PCs that allow for 98% savings on international calls through seamless call interception over Wi-Fi and cellular data networks. Mobile voice and messaging revenues for carriers are expected to decline significantly in the next 3 years as disruptive OTT players like Skype, WhatsApp, and Viber continue to grow rapidly.
The document provides an overview of the Indian telecom industry and introduces a company called PAY Counter. It discusses key facts about the fast-growing Indian mobile market and prevalence of prepaid users. Major players by segment are outlined, including market leaders in mobile GSM and CDMA services. The presentation then contrasts the urban and rural mobile phone connection landscape in India. Finally, it describes PAY Counter as a company looking to create history and change lives by bringing a revolutionary concept to the telecom industry.
The document discusses the US Economic Stimulus Act of 2008 and how it provides tax benefits for companies purchasing new technology equipment. It outlines that the Act allows 50% bonus depreciation in the first year on purchases before December 2008. It also details that Nortel is offering financing options like $1 "buy-out leases" that allow companies to pay for equipment over time but still receive the tax benefits. The document provides examples of how much companies in different tax brackets could save on Unified Communications solutions from Nortel by taking advantage of the Stimulus Act benefits.
- tw telecom has a network spanning over 27,000 fiber route miles across 75 markets and nearly 14,000 connected buildings, making it the largest competitive fiber network provider.
- In 2010, tw telecom generated $1.27 billion in revenue and $463 million in EBITDA, and continued growth in 2011 with $332.5 million in revenue in Q1.
- tw telecom has evolved since 1993 from a residential cable provider joint venture to an independent enterprise fiber network and services provider.
tw telecom delivered strong results in 2008, growing revenue to $1.16 billion and generating $8.5 million in net income. The company invested in new managed services for enterprise customers and launched a customer portal for network monitoring and management. Looking ahead, tw telecom aims to continue investing in opportunities to serve evolving customer demand and position itself for future growth.
This document provides an overview of Menatel, an Egyptian telecommunications company, and analyzes how fluctuations in the local currency exchange rate affect its business. It discusses Menatel's growth in key metrics like locations, sales points, call volumes, and revenues from 1999-2002. While the business expanded significantly in this period, issues like inflation and currency devaluation posed challenges. The document examines Menatel's financial results, operations, workforce, and strategies to overcome obstacles from currency instability and promote efficiency, productivity and profitability despite economic headwinds.
The Mobile Data Challenge (by Economist Intelligence)Kirill Smirnov
Operators are focusing on developing revenue-generating content and applications to avoid over-reliance on traffic revenue as voice services decline. However, their strategies for content and applications are still developing. Operators also aim to improve efficiency through investments in next-generation networks, but cost remains a key challenge. While focusing on customer retention, operators are confident in their competitive positioning but could improve performance further through clearer strategies for content and reducing churn.
This document summarizes Turkey's telecom, ISP, TV and internet markets. It provides an overview of the major players in fixed line (Turk Telekom), mobile (Turkcell, Vodafone, Avea), satellite (Turksat), digital TV (Digiturk, D-Smart) and internet (TTNet, Superonline) services. It includes statistics on revenue, subscribers, household penetration, mobile usage and the comparative strategies of leading companies. Emerging areas like MVNO, WiMax and potential regulatory changes are also briefly outlined.
tw telecom is a telecommunications company that owns over 27,000 miles of fiber optic cable across 75 markets in the US. It provides fiber connectivity to nearly 15,500 commercial buildings and has a national IP backbone. The company has a differentiated set of network assets and a robust product portfolio including Ethernet services, IP networks, data centers, and voice over IP. In 2011, tw telecom generated over $1.3 billion in revenue and had $497.7 million in EBITDA. The company aims to grow its enterprise focused revenue through strategic expansion of its network and product offerings.
tw telecom is a telecommunications company that owns over 27,000 miles of fiber optic cable across 75 markets in the US. It provides fiber connectivity to nearly 15,500 commercial buildings and has a national IP backbone. The company has a differentiated set of network assets and a robust product portfolio including Ethernet services, IP networks, data centers, and voice over IP. In 2011, tw telecom generated over $1.3 billion in revenue and had strong financial performance with positive cash flow and earnings. The company aims to grow its enterprise focused revenue through strategic expansion of its network and product offerings.
The document provides information about telecommunications in Laos, including:
1) Laos has over 2 million mobile subscribers but fixed line penetration is low at under 100,000 lines. Internet usage is also growing but remains low.
2) The National Authority of Posts and Telecommunications regulates the sector and licenses operators while aiming to increase access and competition.
3) The government sees ICT as important for development and has prioritized expanding infrastructure, developing human resources and applying ICT in various sectors. However, ICT in Laos remains at an early stage.
This document provides an annual report from Motorola for the year 2000. It summarizes Motorola's financial performance, with revenues increasing 17% to $37.6 billion. However, net earnings only increased 29% to $1.3 billion due to special charges in the Personal Communications Sector. It outlines Motorola's strategic reorganization to focus on customer solutions and improve profitability in its business segments. Key areas of focus include wireless networks and devices, broadband communications, and embedded semiconductor and systems solutions.
The document provides an overview of Lender Processing Services (LPS) and its end-to-end mortgage solutions. LPS offers a comprehensive suite of technology solutions, data services, and processing services to support the origination, servicing, and default portions of the mortgage lifecycle. LPS has leading market positions and long-term relationships with the largest financial institutions in the country.
Fidelity National Information Services held an investor day on May 28, 2008 to discuss strategic initiatives and the planned spin-off of its Lender Processing Services segment. The presentation discussed the rationale for separating LPS, including that they have distinct businesses, limited ability to leverage each other, and competing investment needs. A timeline for the spin-off was also presented, with an estimated effective date of July 1.
1) Fidelity National Information Services presented an investor presentation in June 2008 that discussed their planned spin-off of the Lender Processing Services segment. The spin-off was intended to create two pure play companies that could better focus resources and have improved investment profiles.
2) FIS overview highlighted their leadership in payments processing and core banking software, with $2.9 billion in annual revenues and significant scale across the US and international markets.
3) Financial highlights showed strong revenue growth, expanding margins, and increasing free cash flow that could be used to invest in growth, reduce debt, pursue acquisitions and return capital to shareholders.
Lender Processing Services (LPS) provides technology, data, analytics and outsourced services to mortgage lenders. It has two business segments: Technology, Data & Analytics which includes mortgage processing services and software applications; and Loan Transaction Services which includes loan facilitation, default management and property services. LPS has a diversified revenue mix across these segments and services that provides stability across mortgage market cycles. It has long-standing relationships with the largest financial institutions and continues to gain market share through its comprehensive solutions and scale advantages.
FIS Bank of America Conference September 2008finance48
Fidelity National Information Services is a leading global provider of payment processing and core banking services. It generates $2.9 billion in annual revenue, with 86% coming from recurring sources. It has a large diverse customer base including community banks, mid-sized and large U.S. banks, and financial institutions in over 80 countries. The company has the most comprehensive product portfolio in the industry and strong positions across various market segments.
1) The document discusses Fidelity National Information Services, a leading global payment and core processing services provider. It presents information on FIS's business segments, revenue breakdown, competitive positioning, and technology platform.
2) Key metrics highlighted include $3.47 billion in total revenue, $839 million in adjusted EBITDA, serving over 13,000 financial institutions clients in more than 80 countries.
3) The presentation also reviews FIS's diverse and recurring revenue streams, strong operating leverage and customer service, and execution through organic revenue growth and improving EBITDA margins.
This presentation provides an overview of Fidelity National Information Services:
- It is a leading global provider of payment processing and core banking services, with $3.47 billion in annual revenue.
- Its services include payment processing, which accounts for 56% of revenue, as well as core banking and risk management services.
- It expects full year 2008 adjusted earnings per share to be between $1.51-$1.57, an increase over 2007, demonstrating strong execution and earnings growth.
The 2005 Annual Report summarizes the merger between Fidelity National Information Services and Certegy to form one of the largest financial institution technology processing companies. The new company, called FIS, has combined annual revenues of $4 billion and provides core banking, payments processing, and risk management services to over 60 countries. FIS is organized into two business segments: Transaction Processing Services and Lender Processing Services. The report discusses FIS' product offerings and leadership positions across various markets.
fidelity national information 1st Quarter 2006 10Qfinance48
- The document is a Form 10-Q quarterly report filed with the SEC by Fidelity National Information Services for the quarter ended March 31, 2006.
- It provides consolidated financial statements and management discussion/analysis of the company's financial condition and operating results for the quarter.
- Key details include total revenues of $901 million for the quarter, net earnings of $39 million, and total assets of $7.4 billion as of March 31, 2006.
fidelity national information 2nd Quarter 2006 10Qfinance48
This document is a Form 10-Q quarterly report filed with the SEC by Fidelity National Information Services for the quarter ended June 30, 2006. It includes consolidated financial statements and notes for the company and its subsidiaries. The financial statements show that for the quarter, Fidelity reported processing and services revenues of over $1 billion, gross profit of $302 million, net earnings of $66 million, and earnings per share of $0.34. Total assets exceeded $7.3 billion as of June 30, 2006, with the majority of the increase coming from acquisitions completed during the period.
Fidelity National Information Services (FIS) is a leading provider of financial services technology. In 2006, FIS achieved strong revenue growth of 8.8% through its core processing, card issuer, and transaction processing services. Notable events included the successful integration of Certegy to expand FIS's product offerings, and new large contracts signed with banks such as Chase and BB&T. Looking ahead, FIS aims to continue growing revenue through strengthening relationships with existing customers and expanding its global presence.
fidelity national information 2nd Quarter 2007 10Qfinance48
This document is Fidelity National Information Services' Form 10-Q quarterly report filed with the SEC for the quarter ending June 30, 2007. It includes the company's consolidated balance sheets, statements of earnings, comprehensive earnings, stockholders' equity and cash flows for the periods ended June 30, 2007 and 2006. Some highlights include total revenues of $1.18 billion for the quarter and $2.3 billion for the six months, net earnings of $148 million for the quarter and $207.5 million for the six months, and total assets of $7.8 billion and stockholders' equity of $3.4 billion as of June 30, 2007.
Fidelity National Information Services reported strong financial results for 2007, with revenue increasing 15.1% to a record $4.8 billion and adjusted earnings per share growing 16.2% to $2.44. The company's Transaction Processing Services and Lender Processing Services divisions both experienced double-digit revenue growth. International revenues increased over 40% driven by expansions in Europe, Asia, and Brazil. Successful implementations of new systems and platforms contributed to organic revenue growth of 11%, exceeding projections.
Stockholders and other interested parties may communicate with the Board or individual members by writing to the Company's Corporate Secretary at the company address or emailing them. The Corporate Secretary will review all communications and forward them or a summary to the appropriate Directors. Any issues related to accounting, controls, or auditing will be brought to the attention of the Audit Committee Chair.
Stockholders and other interested parties may communicate with the Board or individual members by writing to the Company's Corporate Secretary at the company address or emailing them. The Corporate Secretary will review all communications and forward them or a summary to the appropriate Directors. Any issues related to accounting, controls, or auditing will be brought to the attention of the Audit Committee Chair.
This document outlines the by-laws of Liz Claiborne, Inc., a Delaware corporation. It establishes provisions for stockholder meetings, the board of directors, officers, capital stock, and general matters. Key details include establishing an annual stockholder meeting, requirements for a board quorum, powers of corporate officers, rules for stock certificates and transfers, and allowing board amendments to the by-laws.
The document outlines the by-laws of Liz Claiborne, Inc., a Delaware corporation. It discusses matters such as locations of stockholder meetings, requirements for notices of meetings, procedures for electing directors and officers, and rules regarding vacancies on the board of directors. It also allows directors to participate in board meetings by teleconference.
Unlock Your Potential with NCVT MIS.pptxcosmo-soil
The NCVT MIS Certificate, issued by the National Council for Vocational Training (NCVT), is a crucial credential for skill development in India. Recognized nationwide, it verifies vocational training across diverse trades, enhancing employment prospects, standardizing training quality, and promoting self-employment. This certification is integral to India's growing labor force, fostering skill development and economic growth.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
1. Telephone and Data Systems, Inc.
2000 Annual Report
Telephone and Data Systems, Inc.
U.S. Cellular
TDS Telecom
2000 ANNUAL REPORT
INNOVATIVE TELECOMMUNICATIONS THAT HELP OUR CUSTOMERS LEAD MORE PRODUCTIVE AND FULFILLING LIVES.
2. Telephone and Data Systems, Inc.
PERCENT CHANGE
FINANCIAL HIGHLIGHTS UNITED STATES CELLULAR CORPORATION
2000 1999 FROM 1999
(Dollars in thousands, except per share amounts)
[AMEX: USM] is TDS’s
TELEPHONE AND DATA SYSTEMS, INC. [AMEX: TDS] IS A DIVERSIFIED
Operating Revenues
82.4%-owned wireless telephone
U.S. Cellular $ 1,716,640 $ 1,576,429 9%
TELECOMMUNICATIONS COMPANY WITH WIRELESS TELEPHONE AND
TDS Telecom 610,216 545,917 12 subsidiary. U.S. Cellular and
$ 2,326,856 $ 2,122,346 10
TDS own cellular interests
Net Income from Continuing Operations $ 145,527 $ 291,326 (50)* TELEPHONE OPERATIONS. AT DECEMBER 31, 2000, TDS PROVIDED HIGH-
representing 26.6 million
Net Income from Continuing Operations
Available to Common 145,023 290,179 (50)* population equivalents in 175
QUALITY TELECOMMUNICATIONS SERVICES TO 3.8 MILLION CUSTOMERS IN
Basic Earnings Per Share
markets. U.S. Cellular’s 139
from Continuing Operations 2.42 4.72 (49)*
34 STATES. TDS’S BUSINESS DEVELOPMENT STRATEGY IS TO EXPAND ITS EXISTING majority-owned and managed
Diluted Earnings Per Share
from Continuing Operations 2.39 4.65 (49)*
markets have 3,061,000 cellular
OPERATIONS THROUGH INTERNAL GROWTH AND ACQUISITIONS AND TO EXPLORE
Dividends Per Share $ .50 $ .46 9
telephones in service.
Weighted Average Common Shares (000s) 59,992 61,436 (2)
Common Stockholders’ Equity $ 3,936,067 $ 2,448,261 61 AND DEVELOP OTHER TELECOMMUNICATIONS BUSINESSES THAT MANAGEMENT
Return on Equity 4.5% 12.3% (63) TDS TELECOMMUNICATIONS CORPORATION
Capital Expenditures $ 456,019 $ 399,631 14 BELIEVES UTILIZE TDS’S EXPERTISE IN CUSTOMER-BASED TELECOMMUNICATIONS.
Total Assets $ 8,634,609 $ 5,397,476 60 (“TDS Telecom”) is TDS’s
Cellular Customers 3,061,000 2,602,000 18
wholly-owned telephone
Telephone Access Lines
subsidiary. TDS Telecom
WA
ILEC 601,200 571,700 5 ME
MN
CLEC 112,100 65,900 70 operates in 28 states with 105
VT
MI
MN
Common Share Record Owners 2,669 2,845 (6) ID NH
WI telephone companies, which
OR NY
MI
Total Employees 8,859 8,153 9
serve 601,200 access lines, and
* 1999 results include substantial gains. PA
OH
IA two competitive local exchange
MD
IN
IL
OUR 2000 ANNUAL REPORT TABLE OF CONTENTS carriers, which serve 112,100
VA
WV
CO
focuses on the new products and services that TDS KS
About Your Company 01 MO access lines.
KY
CA
offers to help our customers lead more productive Chairman and President’s Message 02 NC
TN
AZ
OK
and fulfilling lives. Over the past 32 years TDS has U.S. Cellular Operations 06 SC
AR
offered its customers the latest technology and we TDS Telecom Operations 12 GA
AL
MS
continue to do so today and into the future. Board of Directors and Officers 18
TX
Following the message from the Chairman and Selected Consolidated Financial Data 22
President, we highlight what each business unit is Management’s Discussion 23
doing to delight our customers with these new Consolidated Financial Statements 38 FL
products and services. Notes to Consolidated Financial Statements 43
Report of Management 62
Report of Independent Public Accountants 62 TDS CORPORATE HEADQUARTERS, CHICAGO, IL
Consolidated Quarterly Income Information 63
UNITED STATES CELLULAR OPERATIONS
Eleven-Year Summaries 64
Shareowners’ Information 68 TDS TELECOMMUNICATIONS OPERATIONS
www.teldta.com
Caring for our customers today and in the future.
2000 Annual Report 01
3. Chairman and President’s Message goals. Together with Jay Ellison, U.S. Cellular’s Executive opportunity to strengthen TDS Telecom’s already strong
Vice President-Operations, who joined U.S. Cellular in presence in Wisconsin.
DEAR SHAREHOLDERS: September 2000, Jack has set in motion processes designed to
Last year was a difficult year for the stock market. All
focus the company’s efforts and energies on serving customers
the major averages were down and telecommunications,
TELEPHONE AND DATA SYSTEMS MARKED THE MILLENNIUM unusually well. For example, U.S. Cellular recently rolled out
media and technology stocks were especially hard hit,
YEAR WITH ANOTHER OUTSTANDING YEAR OF GROWTH. SpanAmerica service, a plan that enables our customers to
SM
as the NASDAQ declined 39%. Our peer group of tele-
CONSOLIDATED OPERATING REVENUES GREW 10% IN 2000 use their wireless phones anywhere in the country without
communications stocks declined 40%. After an exceptionally
concern about roaming charges.
AND CONSOLIDATED OPERATING CASH FLOW INCREASED AT strong 1999 during which TDS saw its shares rise 180%,
A GREATER RATE OF 13%. DILUTED EARNINGS PER SHARE The leadership team has adopted a new approach to TDS experienced a share price decline of 29% in 2000.
managing U.S. Cellular called the Dynamic Organization.
FROM CONTINUING OPERATIONS – EXCLUDING GAINS We believe that a substantial gap continues to exist
The core attitudes and culture embodied in the organ-
(LOSSES) ROSE 43% TO $2.54 PER SHARE. between the TDS stock price and the intrinsic value of
izational model will intensify the whole company’s
our shares, based on our significant equity in well-
Our largest business unit, U.S. Cellular, posted outstanding performance. Importantly, the model includes greatly
positioned telecommunications companies and their
customer growth. Net customer additions grew by 20% at expanded training and education programs, an attitude of
excellent growth prospects.
U.S. Cellular to 483,000 for the year, up from 404,000 in 1999. passion for serving customers and a targeted rewards
Our operating assets include an 82.4% ownership position
As a result of this strong growth, U.S. Cellular was able to structure, all designed to build and reinforce U.S. Cellular’s
in U.S. Cellular, which is publicly traded, as well as
add its three millionth customer on December 15, 2000, strong customer focus. Initial results from implementing
100% of TDS Telecom and its two CLEC operations –
just two years after passing the two millionth customer mark. these changes in corporate culture have been highly
TDS Metrocom and USLink. TDS also has substantial
U.S. Cellular grew its operating cash flow by 15% while encouraging, as shown by the low postpay customer churn
attractive minority investments in several telecommuni-
absorbing the costs of this faster customer growth. of 1.8% at year-end 2000.
cations companies. The Aerial Communications, Inc./
U.S. Cellular’s rapid growth reaffirms the vitality of Our other major business operation, TDS Telecom, also
VoiceStream Wireless Corporation merger, completed in
the wireless telephone industry in the United States and completed a very successful year in 2000. TDS Telecom
May 2000, resulted in TDS holding 35,570,000 common
the effectiveness of U.S. Cellular’s distinctive customer focus. grew its incumbent local exchange carrier (“ILEC”)
shares of VoiceStream. Later in 2000, VoiceStream itself
The United States is still in the early phases of a wireless revenues by 7% and its ILEC operating cash flow by 11%.
agreed to merge with Deutsche Telekom. That merger,
telecommunications revolution which is destined to alter virtually In addition, TDS Telecom posted exceptional growth in
when completed, will give TDS a sizable position in the
every aspect of our business and personal lives. U.S. Cellular’s revenue through its competitive local exchange carrier
world telecommunications giant.
intense customer focus, high quality networks and regional strategy, (“CLEC”) operations, TDS Metrocom and USLink, with
TDS also holds, through our U.S. Cellular and
with attractive rate plan offerings for local, regional and national revenues rising 121% and 20%, respectively. Building on its
TDS Telecom subsidiaries, a valuable 12,946,000 ADR
customers, are among its keys to success. success in Madison and in the Fox River Valley, Wisconsin,
share position in Vodafone Air Touch plc, the London-
Metrocom entered new markets in southern Wisconsin and
At U.S. Cellular we are working to strengthen our regional clusters,
based world-wide mobile phone enterprise. We have
northern Illinois in late 2000 and early 2001. Metrocom
primarily through acquisitions and trades. During 2000, we divested a
additional positions in Rural Cellular Corporation, a rural
will also expand into Michigan during 2001. Its high-
cellular property serving a portion of Hawaii and in early 2001 we
cellular provider in the United States, and in Illuminet
quality, customer-focused, facilities-based business model is
added a cellular property clustered with our North Florida/Georgia
Holdings, Inc., a leading U.S. provider of network services.
working well, in marked contrast to the models of other
properties. In the recent C and F Block broadband wireless spectrum
U.S. Cellular also has minority partnership interests in other
CLEC companies.
reauction, U.S. Cellular participated as a limited partner in Black Crow
cellular enterprises, including one in Los Angeles, that
Wireless, L.P., which was the successful bidder for several licenses. On November 27, 2000, TDS Telecom announced its
together produced pretax investment income of $44 million
intention to acquire Chorus Communications Group,
To compete successfully with the larger and national wireless companies, for U.S. Cellular in 2000. The strength of our operating
Ltd. Chorus serves approximately 45,000 access lines
U.S. Cellular offers a distinctive brand of high-quality service. Jack companies, combined with our investment holdings and our
and 30,000 Internet customers, primarily in Wisconsin,
Rooney, who joined U.S. Cellular as President and CEO relatively moderate financial leverage, enable both TDS and
and operates almost entirely in areas contiguous to
in April 2000, has set the further improvement of U.S. Cellular to enjoy strong investment grade credit
TDS Telecom’s existing ILEC operations. The acquisition,
customer satisfaction as one of the company’s principal ratings. Strong credit ratings keep access to the debt capital
the largest ever for TDS Telecom, gives us an exceptional
markets open and affordable.
Our 32nd year of operating was marked with outstanding growth, key transitions, strategic resource allocation and renewed customer focus.
02 03
LeRoy T. (“Ted”) Carlson, Jr.,
President and Chief Executive Officer
LeRoy T. Carlson,
Chairman
4. Chairman and President’s Message continue in 2001. All of U.S. Cellular’s customers, digital opportunities to market both our wireless and wireline
and analog, have access to high quality technical networks, services to U.S. Cellular and TDS Telecom customers in
The power of the wireless telecommunications others, TDS also made some important changes in 2000 encompassing over 2,500 cell sites. More than 220 new cell areas where we have overlapping wireless and wireline
revolution is spurring vigorous growth at U.S. Cellular to strengthen its corporate management. Tom Burke sites were added in 2000. U.S. Cellular estimates that it will operations such as in southern Wisconsin.
and enhancing the outlook for our other wireless was promoted to Vice President and Chief Information spend approximately $425 - $450 million in 2001, primarily
Both financial and strategic objectives are important
investment interests. During 2000, U.S. Cellular Officer and J. Timothy Kleespies joined TDS as Vice to improve its technical networks and its information
considerations when we make an acquisition or develop new
increased its customer penetration rate of the President-Tax. software, an increase from the $305 million in 2000.
properties. All acquisitions and developments are evaluated
population in the markets it serves from 10.39% to
Tom had been President of TDS Computing Services, TDS Telecom also continues to improve its networks. It for their ability to meet our net present value of discounted
12.21%, a clear indication of the effectiveness of its
and now assumes responsibility for high-level planning estimates spending approximately $200 million in 2001, an cash flow objectives.
sales and marketing and quality services approach.
and leadership of information technology throughout increase from the $151 million spent in 2000, primarily to
Another important use of capital in 2000 has been to
U.S. Cellular offers customers a wide range of wireless
TDS. Tim Kleespies joins us following a distinguished improve ILEC and CLEC networks and to provide high-
repurchase shares at both TDS and U.S. Cellular. In 2000
options tailored to different usage levels and to
career that included executive positions with Stone quality service to new CLEC markets. TDS Telecom offers
we repurchased 2.7 million shares of TDS for $288 million
customer travel patterns: local, regional and national.
Container Corporation and, most recently, Universal high-speed digital subscriber lines (“DSL”) through one of
and U.S. Cellular repurchased 3.5 million shares of its stock
Rapid wireless growth should continue in the United Foods. Tax management has always been important in its CLECs, TDS Metrocom, and in some selected ILEC
for $235 million. Both Boards of Directors have authorized
States because of the great convenience of wireless the TDS group of companies, and Tim has been charged markets. DSL capability is being introduced in a significant
additional repurchases and we anticipate they will continue
communications service. Wireless penetration in the with further refining our tax planning and strategy, proportion of the ILEC markets in 2001.
in 2001 as market conditions warrant.
U.S. currently stands at approximately 40%, well important factors in long-term financial success.
As noted previously, both our operating businesses are
behind several countries that report penetration rates CONCLUSION
active in corporate development, seeking wireless and
STRATEGIC RESOURCE ALLOCATION
over 60%. Taking into account wireless telephones and
wireline markets which fit with our strategic approach and We thank you, our shareholders, for your loyalty and support
other wireless devices, some analysts project that The merger of Aerial with VoiceStream has allowed
provide excellent opportunities for success. At U.S. Cellular in 2000. We look forward to continuing to earn your loyalty
penetration may ultimately exceed 100% in advanced TDS to redirect some of its financial strength, which
we are constantly evaluating opportunities to strengthen our and support in 2001 and in the years to come. Some of you
countries, as people experience and appreciate the had supported Aerial’s growth, to other shareholder
current clusters of markets. At TDS Telecom we are have shared your ideas on how to improve TDS and we are
productivity, life style enhancement and other value-building purposes. Our primary operating goal is
looking to add ILEC properties, such as Chorus, that grateful to you for your suggestions. We are also grateful to
advantages offered by wireless communications. to provide outstanding telecommunications services to
offer synergistic opportunities for growth and enhance all of our associates and employees for their diligence and
our customers. This in turn works to create value for
TDS Telecom is also well-positioned for growth. the operations of our existing ILEC operations. We are creativity in continuously improving the company.
our shareholders by enabling our operating companies
TDS Telecom has a long history of delivering also continually evaluating opportunities to grow
We are committed to growing the company’s value by
to rapidly grow customers, revenues and cash flow.
outstanding technical and customer service in its ILEC TDS Telecom’s CLEC business, primarily through
delivering exceptional quality services to a growing customer
During the past year we used our capital to enhance our
markets. It has also succeeded in growing ILEC greenfield builds. Offering a wide array of tele-
base. Giving close attention to customers and their needs is
services, which directly benefits our customers and
access lines and gaining revenues from new services communications services to customers in newly acquired or
the key to growing revenues and cash flow, as well as to
creates a stronger platform for future growth.
such as Internet access and advanced calling developed markets is a key success factor in TDS Telecom’s
providing growth opportunities for our employees.
features. TDS Telecom’s CLEC operations are rapidly corporate development strategy. Over time, we will look for
Our operating companies are continuously enhancing
growing customers and revenues in markets that the their equipment to offer our customers state-of-the-art
Telecommunications Act of 1996 opened up to telecommunications services. At U.S. Cellular this
broader competition. The growth of data services in includes improving customer service through sub- Cordially yours,
TDS Telecom’s ILEC and CLEC markets continues to stantial investments in customer information system
accelerate as customers seek new telecommunications software and customer care centers. U.S. Cellular also
services to keep up with the demands and opportunities made major expenditures in 2000 for subscriber handset
of the fast-changing information age. equipment, which encouraged a substantial portion of
its customers to move to its higher quality, feature-rich
TRANSITION digital networks. As of December 2000, nearly half of LeRoy T. Carlson
LeRoy T. Carlson, Jr.
In addition to bringing in strong new leadership at U.S. Cellular’s customers were taking advantage of its Chairman
President and Chief Executive Officer
U.S. Cellular through Jack Rooney, Jay Ellison and digital networks. Expenditures for this purpose will
Our mission is to provide outstanding communications services to our customers and to meet the needs of our shareholders, our people and our communities.
04 05
5. After joining U.S. Cellular, I asked our senior management team, together with
We c o n n e c t w i t h y o u .
other key U.S. Cellular constituencies, to evaluate our position in this highly
competitive wireless industry. Our goal was to reenergize our associates to ensure
U.S. Cellular that we will continue to be winners. Together we agreed on a series of initiatives
geared toward renewing U.S. Cellular’s focus on our customers and the frontline
associates who provide service to those customers. These changes are not yet
complete; but rather are part of an ongoing process to ensure that our customers
enjoy doing business with us and will remain U.S. Cellular customers. Initial
reactions from customers and associates have been extremely positive.
NEW LEADERSHIP
Our priority was to instill the recognition in all U.S. Cellular associates that add-
IN APRIL 2000, WE WELCOMED JOHN E. “JACK” ROONEY, ing and retaining customers was our most important mission. Our frontline
John E. “Jack” Rooney
associates – those who deal with customers on a daily basis –
President and Chief Executive Officer
United States Cellular Corporation
are the windows through which our customers see the company.
OUR NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER, TO
Accordingly, U.S. Cellular has upgraded the importance of those
positions and improved the training and benefits our customer
U.S. CELLULAR. JACK SUCCEEDED H. DONALD NELSON, THE COMPANY’S FIRST service associates receive. Enhancements were also made to the
information systems our associates use when they interact with
customers, and more upgrades are in process.
ASSOCIATE AND OUR LEADER SINCE 1983. WE OWE DON A DEBT OF GRATITUDE FOR THE
DYNAMIC ORGANIZATION
MANY YEARS OF HARD WORK HE SPENT BUILDING U.S. CELLULAR, AND WE WISH HIM
Our new leadership team has begun implementing a new
management philosophy known as the Dynamic Organization,
WELL IN HIS FUTURE ENDEAVORS. JAY ELLISON ALSO JOINED THE TEAM IN 2000, AS which has brought outstanding success to businesses I have
managed previously. This Dynamic Organization recognizes the
importance of helping all associates to see the company from a
EXECUTIVE VICE PRESIDENT – OPERATIONS. BOTH JACK AND JAY BRING WITH THEM
customer’s perspective, and to visualize the ideal customer
experience. Associates who interact daily with customers are taught
MANY YEARS OF EXPERIENCE IN THE WIRELESS INDUSTRY. to earn customer loyalty by providing outstanding service. Those
associates not on the front line may have just as important an impact
on customer service, whether they are in the finance department,
THE YEAR 2000 WAS AN OUTSTANDING ONE FOR U.S. CELLULAR. WE REACHED A MAJOR marketing, administration, or elsewhere in the company. Every associate
must understand how his or her function interacts with customer service.
All associates must deliver our product with excellence to ensure
MILESTONE BY ADDING OUR THREE MILLIONTH CUSTOMER. OUR STRONG CUSTOMER that the customer experience is a positive one. Strong internal
communication is key to the entire concept.
GROWTH PROPELLED REVENUES AND OPERATING CASH FLOW TO RECORD LEVELS. With the Dynamic Organization as a theme, we have made
multiple changes to our customer service procedures, not the
least of which was changing the name of our five customer
WE OWE THESE RESULTS TO THE TALENT AND DEDICATION OF
service locations to Customer Care Centers (“CCCs”) to
OUR ASSOCIATES.
“Straight Talk” with Jack Rooney helps Our frontline associates are highly trained
build a Dynamic Organization through to ensure that the customer experience is a
strong internal communication. positive one.
U.S. Cellular’s renewed focus on the customer ensures our customers get the products and services they want.
06 07
6. U.S. Cellular
reflect their mission more accurately. In addition to the upgraded position levels and training changes
noted previously, we have increased the ratio of manager to associates at both our CCCs and our retail
Creating the dynamic difference.
locations. This helps to ensure that our associates receive the coaching they need so our customers
enjoy a positive experience when dealing with us.
We have improved the training methods we use, not only in our retail and customer service locations,
but also in other functions across the company. Those associates in supervisory roles are trained to
think as coaches and leaders rather than as managers and supervisors. All associates, are trained and
encouraged to suggest ways to improve processes. Additionally, the company’s senior leaders regularly
meet face-to-face with frontline associates. These meetings provide the opportunity for our leaders to
learn how they can support those associates, who are closest to the customers. In turn, the leaders
share their views with the frontline associates on how the company is doing overall. Senior management
also monitors an e-mail address that associates can use to send in suggestions for improvements.
Associates in a Dynamic Organization are trained to understand that they must become an integral
and contributing part to the communities where they live and work. U.S. Cellular has always been a
strong leader in the communities we serve, and we remain committed to the community relations
programs we have developed over the years. These programs benefit such groups as the homeless,
elementary school children, domestic violence victims, and neighborhood crime watch organizations.
We also sponsor many local events and lend our presence and/or services to other community
projects. These programs give our customers the opportunity to experience another vital element of
our company’s identity.
NEW PRODUCTS SERVICES
AND
To remain successful in the highly competitive wireless marketplace, we need to anticipate our
customers’ needs and wants. We are continually rolling out new products and services to broaden
our appeal to the widest range of consumers. By far the most significant rollout to date has been our
push to sign up customers to digital rate plans. Nearly two-thirds of our new customers during 2000
signed on to our digital plans. In addition, 335,000 existing customers converted to digital plans during
the year. In all, over 1.5 million customers, or nearly 50% of our customer base, were on digital rate
plans by the end of 2000. This is an increase of nearly one million over the 570,000 digital customers
we had at the end of 1999 and is strong evidence of how successful our digital conversion has been.
Average monthly local minutes of use per customer increased by 37% in 2000, which we attribute
largely to the additional customers on digital rate plans. This increase in digital customers brings higher
initial costs to the company, but we view these costs as an investment in higher future revenues.
Another new product we rolled out in 2000 is SpanAmerica . This national service plan includes large
SM
amounts of minutes, which can be used anywhere in the United States with no additional roaming or
Our digital service offers messaging capabilities U.S. Cellular’s associates are an integral part
which many of our customers want. of the communities where they live and work.
Associates at our retail stores have the newest products and services, creating greater appeal to a wide range of customers.
08 09
7. U.S. Cellular We have introduced a number of other notable new services in 2000. These include:
• Over-the-air activation which makes the activation process more flexible and allows us to program
Getting results that drive shareholder value.
customer phones to roam on preferred systems;
long-distance fees, for one monthly rate. SpanAmerica’s initial success in trial
SM
markets inspired us to roll it out nationally within a few months, and it is now • A rate plan analyzer which analyzes usage patterns to determine the rate plans that offer the most
available in all markets. This product, designed to compete with other national value for each customer’s unique needs; and
plans, enables us to offer our customers who travel nationwide a pricing plan that
• Supply chain management which creates opportunities for more diverse distribution channels
meets their needs.
through improved inventory management.
We also began selling a local plan, MetroZone , in our Knoxville, Tennessee,
SM
In addition, we continue to offer our best customers upgraded services to strengthen our relationship
market during the last half of 2000. MetroZone offers customers a prepaid,
SM
with them. Programs such as PWR Club and TLC (The Loyal Customer Club) give these customers
large minute package for use in a designated local footprint, at a low price per
attractive rewards for doing a large amount of business with us. The programs have played a significant
minute. These features are similar to those in wireless local loop plans. Our
role in keeping our churn low and thereby reducing our costs.
advertising of the MetroZone product gave us the added benefit of greatly
SM
We have performed trials of wireless Web-capable phones in select markets, but will not offer this type
increasing traffic in our retail stores in the Knoxville region. Potential customers,
of service commercially until the technology becomes more reliable. We continue to look at other new
attracted by our advertising, saw our full range of service offerings and in many
MARKETS CURRENTLY OWNED AND MANAGED products and services, and we will be active in rolling out new technologies during 2001.
cases choose either the MetroZone plan or a different U.S. Cellular product that
SM
better suited their needs.
UNITED STATES CELLULAR CORPORATION
F I N A N C I A L R E S U LT S
CORPORATE HEADQUARTERS, CHICAGO, IL
Our renewed customer focus drove our financial results to new highs. Our customer base increased
18% to 3,061,000 at year-end. During the year, we added 483,000 net new customers from our
marketing channels, an increase of 20% over 1999. This total easily surpassed the target we set at the
beginning of the year. Contributing to the increased customer growth was our ability to control churn,
which ended the year at 2.0% per month overall and just 1.8% for our postpay customers. Our ability
to add customers at a level beyond our expectations was an extraordinary feat, considering the intense
competition we face.
Customer growth drove an 8% increase in service revenues, to over $1.6 billion for the year. Thanks
to aggressive cost containment we were able to increase our operating cash flow by 15% to $558
million. This result met our target for the year, after adjustment for the initial effect of the additional
customer growth on operating cash flow.
SUMMARY OUTLOOK FOR 2001
AND
We look forward to a very successful year in 2001. We will continue to intensify our focus on our
customers and their needs. Our associates will receive the guidance and tools they need to give
our customers excellent service. By taking active roles in local events, we will continue to serve as a
good corporate citizens in the communities we serve. We will pursue opportunities to expand
our service footprint through swaps, spectrum purchase, or strategic acquisitions to improve our
competitive position. Meeting or exceeding these goals should result in another financially successful
year, as we plan further increases in our customer base, revenues, and operating cash flow, which in
turn should drive shareholder value.
Four new customers, one in each of the geographic Enhanced Customer Care Centers enable
regions we serve, were honored as the historic U.S. Cellular to offer outstanding customer
three-millionth customer in December 2000. service, and to continue our phenomenal growth.
U.S. Cellular’s clustering strategy has created service areas that meet our customers’ needs.
10 11
8. TDS TELECOM’s core ILEC business also enjoyed outstanding growth in
2000. Solid market growth, combined with the acquisition of Southeast
Telephone Company in Wisconsin, yielded a 7% growth in revenues and a 5%
Extraordinary customer service.
TDS Telecom growth in access lines for our core ILEC business. In 2000, we signed a definitive
agreement to acquire Chorus Communications Group, Ltd. This addition of over
45,000 access lines, which complements other properties we operate in southern
Wisconsin, will continue to fuel growth in our core ILEC business in 2001. We
anticipate the transaction will close in the second quarter of 2001.
TDS TELECOM CONTINUED TO ENJOY STRONG FINANCIAL GROWTH
TDS TELECOM’s continued strong performance depends on the successful
implementation of a three-part strategy: 1) grow and strengthen the core ILEC
IN 2000. WELL-PLANNED EXPANSION OF OUR COMPETITIVE LOCAL
business, 2) leverage strengths into attractive new CLEC markets, and 3) create
James Barr III
President and Chief Executive Officer
a robust line of data products and services to sell to our new and existing markets.
TDS Telecommunications Corporation
EXCHANGE CARRIER (“CLEC”) OPERATIONS AND STRONG GROWTH
Our strategy is simple: to respond to customer needs by providing products and
services that help our customers lead more productive and fulfilling lives.
IN OUR INCUMBENT LOCAL EXCHANGE CARRIER (“ILEC”) OPERATIONS FUELED THIS
PROVIDING SERVICES CUSTOMERS WANT
SUCCESS. OPERATING CASH FLOWS GREW BY 10% OVER 1999 TO $261 MILLION. CONTINUED The Internet and high-speed Internet services are the leading edge of
our rapid rollout of data products. We provide state-of-the-art Internet
services through our TDS.NET product line. Internet customers grew
EXPENSE MANAGEMENT AND A RENEWED FOCUS ON RETURN ON CAPITAL, WHICH
16% from 1999 to 2000, to over 84,000, thanks to both increases in
dial-up customers and dedicated business access services and to TDS.NET’s web-
IMPROVED FROM 7.1% IN 1999 TO 8.1% FOR ILEC OPERATIONS IN 2000, ALSO CONTRIBUTED hosting product line.
Our customers increasingly demand high-speed access to the Internet. We
TO THE YEAR’S EXCELLENT RESULTS. responded by offering DSL (digital subscriber line) services in our CLEC
markets. Additionally, TDS TELECOM recently launched DSL services in
several ILEC markets. DSL complements TDS TELECOM’s portfolio of high-
WE BELIEVE THAT RAPID GROWTH AND THE ECONOMIES OF SCALE IT BRINGS ARE CRITICAL
speed data services that include ISDN, dedicated circuits, and T1s. These products
allow our customers to enjoy the services they need at the speeds they desire.
IF WE ARE TO PROVIDE A FULL LINE OF EXCELLENT SERVICES TO OUR CUSTOMERS. WE
In addition to offering a high-speed solution, DSL also facilitates voice and data
transmission. Our DSL services enable our lines to work twice as hard for our
WERE ESPECIALLY PLEASED WITH THE GROWTH AT TDS TELECOM’S CLEC OPERATIONS, customers. Customers save time while enjoying the simplicity of using just
one line for two services. This allows TDS TELECOM to leverage
TDS METROCOM AND USLINK, WHICH ACHIEVED THE VERY HIGH EXPECTATIONS WE SET FOR existing assets for multiple use.
2000. OUR CLEC BUSINESS GREW REVENUES 54% IN 2000 AND GAINED 46,200
ACCESS LINES. OUR PLANNED EXPANSIONS IN WISCONSIN, ILLINOIS, AND MICHIGAN IN
Leading the way in data products, TDS Metrocom’s state-of-the-art technology
TDS.NET product line offers high-speed combined with strategic pricing has led to
Internet service. outstanding growth.
2001 WILL MORE THAN DOUBLE THE POTENTIAL ACCESS LINES AVAILABLE TO METROCOM.
TDS Telecom provides a full line of products and services our customers want.
12 13
9. TDS Telecom
O u r t o p p r i o r i t y i s t h e c u s t o m e r.
Customers also want the simplicity of a single provider for both their local
and long-distance telephone services. In the past, TDS TELECOM had alliances
with major long-distance providers to supply local and long-distance telephone
services on the same telephone bill for our customers. During 2000,
TDS TELECOM began offering its customers a higher level of flexibility and
convenience in their long-distance service.
Our new long-distance product, TDS TrueTalk, combines great value with
exceptional convenience for TDS TELECOM customers. TDS TrueTalk was
an immediate market success, achieving a 6.5% market share and 40,500
customers after only five months in the highly competitive long-distance
market. We continue to tailor the TDS TrueTalk product to meet our
customers’ specific needs.
...THE WAY CUSTOMERS WANT SERVICE
TDS TELECOM knows that our customers want state-of-the-art products and
services…and uncompromising customer service as well. This means that
TDS TELECOM focuses on developing a personal relationship with its
customers, on taking an active interest in the communities we serve, and on
training our people to use technology to meet customer needs. As the result of
our efforts, 92% of customers continue to rate TDS TELECOM service as good
or excellent overall.
Outstanding customer service continues to be TDS TELECOM’s most
distinctive product. In 1999, we deployed the “Virtual Business Office” (VBO), a
project that uses computer telephony integration to join offices together into
regional clusters.
The VBO structure means that TDS TELECOM can keep employees in local
offices close to our customers, and still offer the efficiencies of a highly
professional, full-time call center.
In 2000, we improved our VBO operation. Technologically improved workforce
management tools help us answer 85% of calls within 20 seconds or less. And,
we answer customer calls with people – not voice response systems. Our VBO
TDS TrueTalk, our long-distance product, With the latest technology and continued
combines great value with exceptional convenience, training, our customer service representatives
making it a success in only five months. are here to meet our customers’ needs.
DSL offers our customers access to the Internet at speeds they desire.
14 15