CHICAGO, March 31, 2011 /PRNewswire/ -- Telephone and Data
Systems, Inc. (NYSE: TDS, TDS.S) today announced that it will
redeem all of its remaining outstanding 7.6 percent Series A Notes
due 2041 (NYSE: TDA). TDS will redeem all $282.5 million aggregate principal amount of the
outstanding notes on May 2, 2011, at
a redemption price of 100 percent of the principal amount, together
with accrued and unpaid interest to the redemption date.
Additional information will be included in a Form 8-K to be
filed with the Securities and Exchange Commission. A notice of
redemption with instructions is being distributed to registered
holders of the notes. Beneficial holders with any questions about
the redemption should contact their respective brokerage firm or
financial institution that holds notes on their behalf.
About TDS
Telephone and Data Systems, Inc. (TDS), a Fortune 500® company,
provides wireless, local and long-distance telephone, and broadband
services to 7.2 million customers in 36 states through its business
units, U.S. Cellular (wireless) and TDS Telecom (wireline). Founded
in 1969 and headquartered in Chicago, TDS had 12,400 employees as of
Dec. 31, 2010.
Visit www.teldta.com for comprehensive financial information,
including earnings releases, quarterly and annual filings,
shareholder information and more.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: All information set forth in this news
release, except historical and factual information, represents
forward-looking statements. This includes all statements about the
company's plans, beliefs, estimates and expectations. These
statements are based on current estimates, projections and
assumptions, which involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. Important factors that may affect these
forward-looking statements include, but are not limited to: The
ability of the company to successfully grow its markets; the
overall economy; competition; the access to and pricing of
unbundled network elements; the ability to obtain or maintain
roaming arrangements with other carriers; the state and federal
telecommunications regulatory environment; the value of assets and
investments; adverse changes in the ratings afforded TDS and U.S.
Cellular debt securities by accredited ratings organizations;
industry consolidation; advances in telecommunications technology;
uncertainty of access to the capital markets; pending and future
litigation; changes in income tax rates, laws, regulations or
rulings; acquisitions/divestitures of properties and/or licenses;
and changes in customer growth rates, average monthly revenue per
unit, churn rates, roaming revenue and terms, the availability of
handset devices, or the mix of products and services offered by
U.S. Cellular and TDS Telecom. Investors are encouraged to consider
these and other risks and uncertainties that are discussed in the
Form 8-K used by TDS to furnish this press release to the SEC,
which are incorporated by reference herein.
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For more information about TDS
and its subsidiaries, visit the web sites at:
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TDS: www.teldta.com
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TDS Telecom: www.tdstelecom.com
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USM: www.uscellular.com
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SOURCE Telephone and Data Systems, Inc.
