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 Telecom 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 American Stock Exchange (AMEX) under the stock ticker TDS. More information on TDS can be found on the company’s web site at www.teldta.com.

TDS Telecom TDS Telecom is TDS’s wholly owned telecommunications subsidiary headquartered in Madison, Wis. With more than 1.1 million access line equivalents, TDS Telecom provides high-quality, locally based telecommunications services to rural and suburban communities in 30 states. TDS Telecom’s Incumbent Local Exchange Carrier (ILEC) serves more than 725,000 access line equivalents in 28 states. TDS Telecom’s Competitive Local Exchange Carriers (CLEC) operates under the brand name TDS Metrocom and serves more than 426,000 access line equivalents in four states. 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’s 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 American Stock Exchange (AMEX) under the stock ticker USM. More information on U.S. Cellular is available at www.uscellular.com.