CHICAGO, Oct. 19, 2011 /PRNewswire/ -- Telephone and Data
Systems, Inc. (NYSE: TDS, TDS.S) today announced that it plans to
adjourn the special meeting of shareholders that had previously
been adjourned to October 20, 2011
from October 6, 2011, relating to
amendments to its restated certificate of incorporation and
related proposals described in TDS' proxy statement dated
August 31, 2011.
The TDS Board of Directors is considering changes to the
proposals included in its definitive proxy statement dated
August 31, 2011.
The meeting will be adjourned until 2:00
p.m., November 15, 2011.
The adjourned meeting will be held at the Standard Club, 320
S. Plymouth Court, Chicago,
Illinois.
If the TDS Board of Directors determines to make any changes to
the proposals, it will circulate a proxy supplement and may again
adjourn the meeting to a later date to permit shareholders to
consider the revised proposals. TDS may also change the
record date in such event.
There is no assurance that the TDS Board of Directors will make
any changes to the proposals. If the TDS Board of Directors
determines not to make any changes to the proposals, TDS may hold
the vote on the existing proposals at the adjourned meeting on
November 15, 2011.
IMPORTANT INFORMATION: The foregoing information is not a
solicitation of a proxy from any TDS shareholder. This is
being done only pursuant to a definitive proxy statement.
Additional information relating to the foregoing is included in
TDS' proxy materials filed with the SEC and distributed to
shareholders. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO
READ SUCH MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
Shareholders and other investors may access such materials without
charge at the SEC's web site (www.sec.gov) and on the TDS web site
(www.teldta.com) in the Investor Relations section on the SEC
filings page. In addition, shareholders may obtain free copies of
the proxy materials by contacting TDS' proxy solicitor, MacKenzie
Partners at (800) 322-2885. TDS and its executive officers
and directors may be deemed to be participants in the solicitation
of proxies from TDS shareholders on behalf of the TDS board of
directors in connection with the foregoing. Information
concerning such participants and their respective direct or
indirect interests in TDS by security holdings or otherwise is
included in TDS' definitive proxy statement.
About TDS
Telephone and Data Systems, Inc. (TDS), a Fortune 500® company,
provides wireless, local and long-distance telephone and broadband
services to approximately 7.1 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 employed 12,300
people as of June 30, 2011.
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.
For more information about TDS
and its subsidiaries, visit our 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.