Company Profile

Telephone and Data Systems, Inc. is a diversified telecommunications corporation founded in 1969 and headquartered in Chicago, Ill. Through its strategic business units, TDS Telecommunications Corp. and U.S. Cellular, TDS operates primarily by providing wireless and fixed telecommunications service. TDS - a Fortune 500® company builds value for its shareholders by providing excellent communications services in growing, closely related segments of the telecommunications industry. The company employs 11,600 people and serves 6.4 million wireless and wireline customers in 36 states. TDS is traded on the New York Stock Exchange (NYSE) under the stock ticker TDS and TDS.S. More information on TDS can be found on the company's web site at www.teldta.com.

TDS Telecommunications Corporation markets communications services to business and residential customers in 30 states through its brands TDS Telecom and TDS Metrocom. With nearly 1.2 million access line equivalents in service, TDS Telecommunications Corp. connects customers to phone, broadband, and digital television service in hundreds of rural, suburban, and small metropolitan communities nationwide. TDS Telecommunications Corp. employs approximately 2,700 people and is headquartered in Madison, Wis. More information on TDS Telecom and TDS Metrocom is available at www.tdstelecom.com and www.tdsmetro.com.

U.S. Cellular U.S. Cellular is TDS' 82-percent owned wireless telephone subsidiary. The sixth largest wireless service provider in the United States, U.S. Cellular serves 5.2 million customers in 149 markets in 25 states. The Chicago-based company operates on a customer-satisfaction strategy, meeting customer needs by providing a comprehensive range of wireless products and services, superior customer support and a high-quality network. U.S. Cellular is traded on the New York Stock Exchange (NYSE) under the stock ticker USM. More information on U.S. Cellular is available at www.uscellular.com.