United States Cellular Corp Reports Operating Results (10-K)

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Feb 25, 2011
United States Cellular Corp (USM, Financial) filed Annual Report for the period ended 2010-12-31.

United States Cellular Corp. has a market cap of $4.11 billion; its shares were traded at around $47.88 with a P/E ratio of 28.2 and P/S ratio of 1. United States Cellular Corp. had an annual average earning growth of 4.5% over the past 10 years. GuruFocus rated United States Cellular Corp. the business predictability rank of 4.5-star.Hedge Fund Gurus that owns USM: Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns USM: Mario Gabelli of GAMCO Investors, Jeremy Grantham of GMO LLC.

Highlight of Business Operations:

As of June 30, 2010, the aggregate market value of the registrants Common Shares held by nonaffiliates was approximately $630.0 million, based upon the closing price of the Common Shares on June 30, 2010 of $41.15, as reported by the New York Stock Exchange. For purposes hereof, it was assumed that each director, executive officer and holder of 10% or more of any class of voting equity security of U.S. Cellular is an affiliate.

The number of shares outstanding of each of the registrants classes of common stock, as of January 31, 2011, is 52,536,707 Common Shares, $1 par value, and 33,005,877 Series A Common Shares, $1 par value.

During the fourth quarter of 2010, U.S. Cellular launched The Belief ProjectSM, a series of customer-focused initiatives developed to address consumers common frustrations with wireless service and to enhance the customer experience. The Belief Project recognizes customer loyalty with national bundled rate plans and industry-leading benefits without requiring customers to sign continuous contracts, and provides customers with the opportunity for new phones at promotional prices every 18 months. Customers with Belief Plans also automatically get loyalty reward points just for being a customer that can be used for accelerated phone upgrades in as little as 10 months. Points can also be used for other rewards such as additional lines, phones, accessories and ringtones. Phone Replacement, the wireless industrys only such program, allows customers on certain eligible Belief Plans to get a replacement phone of the same or a similar model if their phone is accidentally broken or malfunctioning even if the phone is no longer under warranty. If the customers phone is lost or stolen, they can receive the same or similar replacement phone for $100. All Belief Plans include Overage Cap, a free service that prevents voice overage charges from exceeding $50 for a National Single Line Belief Plan or $150 for a Family Belief Plan.

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