United States Cellular Corporation

Good morning. My name is Chris and I'll be your conference operator today. At this time, I'd like to welcome everyone to the TDS and U.S. Cellular second quarter 2022 operating results call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star then the number one on your telephone keypad. To withdraw your question, please press star one again. Thank you. Colleen Thompson, Vice President, Corporate Relations. You may begin.

Good morning, and thank you for joining us. We want to make you all aware of the presentation we have prepared to accompany our comments this morning, which you can find on the Investor Relations sections of the TDS and U.S. Cellular websites. With me today and offering prepared comments are from TDS, Vicki Villacrez, Executive Vice President and Chief Financial Officer, From U.S. Cellular, LT Theravold, President and Chief Executive Officer, Doug Chambers, Executive Vice President, Chief Financial Officer and Treasurer, and from TDF Telecom, Michelle Brokwicki, Senior Vice President of Finance and Chief Financial Officer. This call is being simultaneously webcast on the TDF and U.S. Cellular Investor Relations websites. Please see the websites for slides referred to on this call, including non-GAAP reconciliations. We provide guidance for both adjusted operating income before depreciation and amortization, or OIBDA, and adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, to highlight the contributions of U.S. Cellular's wireless partnerships. PBS and U.S. Cellular filed their SEC forms 8K, including the press releases and our 10Qs yesterday. As shown on slide two, the information set forth in the presentation and discussed during this call contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. Please review the Safe Harbor paragraphs in our press releases and the extended version included in our FCC filings. And as always, our open-door policy can now be an open-door phone or video policy, so please reach out if you're interested in speaking with us. Before turning the call over, I do want to remind everyone that due to the FCC's anti-collusion rules related to Auction 108, We will not respond to any questions related to spectrum auctions. I will now turn the call over to Vicki Villacres. Vicki?

Okay. Thank you, Colleen, and good morning, everyone. Starting with slide three, you can see that both of our business units are executing on their strategic priorities and are well positioned to take advantage of growth opportunities to enhance their competitive positions. This includes investing back into the networks to drive future growth in revenues and returns.