TDS Telecommunications LLC (TDS) released its updated fiber program goals during its fourth quarter earnings report. The telecommunications company is now targeting 1.8 million marketable fiber service addresses, which is a 50% increase from the company’s previous long-term goal. TDS Telecom ended the year at 928,000 total fiber service addresses.
The goals include increasing the percentage of marketable service addresses served by fiber to 80%, up from the previous goal of 60%; the company currently is at 52%. TDS Telecom is also targeting 95% of its footprint to have speeds of at least 1 gigabit; it ended the year at 74%. Marking another milestone, TDS Telecom is planning to reduce the addresses served by copper in its footprint to just 5%.
The company also shared priorities for 2025, which involve delivering approximately 150,000 marketable fiber service addresses and growing broadband network additions.
In 2024, TDS Telecom deployed 129,000 new marketable fiber addresses and grew residential revenue 6% year over year, as the company saw growth in both broadband connections and average revenue per connection. Top-line growth, coupled with continued cost management, drove a significant increase in profitability year over year.
