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UScellular is a key player in the telecommunications industry, with diverse services and a focus on 5G technology. The company has shown operational effectiveness despite a decrease in revenue, with a 35% rise in Adjusted OIBDA. A strategic review by TDS may signal potential M&A activity, influencing UScellular's valuation.

United States Cellular Corporation (NYSE:USM ) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Colleen Thompson - VP, Corporate Relations Vicki Villacrez - SVP, Finance & CFO, TDS Telecommunications Corporation Laurent Therivel - President, CEO & Director Douglas Chambers - EVP, CFO and Treasurer Michelle Brukwicki - CFO, TDS Telecommunications LLC Conference Call Participants Richard Prentiss - Raymond James & Associates Philip Cusick - JPMorgan Chase & Co. Simon Flannery - Morgan Stanley Michael Rollins - Citigroup Sergey Dluzhevskiy - Gabelli Funds Operator Good morning, ladies and gentlemen and welcome to the TDS and UScellular's Third Quarter 2023 Operating Results Conference Call. At this time all participants are in a listen-only mode.