Service revenue declined 2% to $742 million, and equipment sales revenue decreased 7% to $228 million.
Also Read: T-Mobile’s USCellular Acquisition Is Key to 5G Leadership and Market Expansion, Analyst Says
The company’s postpaid connections at the end of the quarter stood at 3.99 million, down from 4.11 million a year ago. The ARPU was $51.73 versus $51.61 a year ago. The churn rate stood at 1.29%, down from 1.44%.
The company’s free cash flow was negative $53 million during the quarter, compared to negative $44 million a year ago.
Due to the pending transaction with T-Mobile, UScellular is not providing 2025 financial guidance.
In 2024, United States Cellular agreed with AT&T Inc to sell a portion of its retained spectrum licenses for $1.018 billion.
Last year, United States Cellular also agreed to sell part of its retained spectrum licenses to Verizon Communications Inc for $1.0 billion.
Price Action: USM stock is down 4.13% at $64.28 at last check Friday.
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