Fitch raises its rating of U.S. Cellular and parent company TDS from "negative" to "stable", causing the value to rise steadily as investor confidence increases.
U.S. Cellular announces a new application, My Contacts Backup, that allows contact lists to be backed up. Stocks rise at the announcement of a new, convenient product that could boost subscriptions.
TDS announces that it will not buy all of U.S. Cellular, and will institute a share buy-back program. Shares rise slightly as investors are supportive of USM's owners being more diversified than TDS alone.
Shares drop slightly as U.S. Cellular and parent TDS delay filing their 10-Ks for 2006, causing investor concern about internal financial issues.