What to Know About a $34 Million Exit From Telephone and Data Systems Stock

On February 17, 2026, Silver Point Capital disclosed in a Securities and Exchange Commission filing that it sold out its entire position in** Telephone and Data Systems **(TDS 1.26%), liquidating 857,000 shares worth $33.63 million.

What happened

According to a Securities and Exchange Commission filing dated February 17, 2026, Silver Point Capital reported the sale of its entire stake in Telephone and Data Systems (TDS 1.26%). The fund disposed of 857,000 shares during the quarter. The quarter-end position value for TDS declined by $33.63 million, reflecting the liquidation of the position.

What else to know

• Top holdings after the filing:
  • NYSE:GPOR: $717.70 million
  • NYSE:AERO: $289.27 million
  • NYSEMKT:IAU: $157.88 million
• As of February 17, 2026, shares of TDS were priced at $46.54, up 15.97% over the past year.

Company overview

Company snapshot

• Telephone and Data Systems offers wireless solutions, broadband, cloud television, and telecommunications services through UScellular and TDS Telecom segments.
• The firm generates revenue from wireless subscriptions, data services, device sales, and wireline/broadband offerings to both consumer and enterprise customers.
• It serves individual consumers, businesses, and government entities across the United States, with a focus on wireless and wireline connectivity solutions.

Telephone and Data Systems, Inc. is a leading U.S. telecommunications provider with a diversified portfolio spanning wireless, broadband, and cloud-based services. The company leverages its national network infrastructure to deliver connectivity and digital solutions to millions of customers.

What this transaction means for investors

When a company is reshaping itself as aggressively as Telephone and Data Systems, exits can say as much about mandate as they do about fundamentals.

TDS just closed out a transformative year. Fourth quarter operating revenues from continuing operations rose to $330.7 million (from $295.3 million one year prior), while net income attributable to common shareholders from continuing operations reached $37.2 million, or $0.32 per diluted share. For the full year, continuing operations swung to profitability, with net income attributable to common shareholders of $48.2 million versus a loss the year prior.

Strategically, management sold its wireless business, launched Array as a tower platform, and is targeting 2.1 million marketable fiber addresses over time (an increase of 300,000). That pivot toward fiber and infrastructure creates a very different risk profile.

Against a portfolio dominated by large, concentrated positions in names like GPOR and AERO, a telecom turnaround with divestitures and restructuring may simply no longer fit. For long term investors, the story is less about a 16% one year stock gain and more about whether you want exposure to a capital-intensive fiber expansion with improving but still evolving earnings visibility.