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TDS Announces Third Quarter 2009 Dividend

08/21/2009

CHICAGO, Aug. 21 /PRNewswire-FirstCall/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS, TDS.S), a leading provider of telecommunications services, has declared a third quarter 2009 dividend of $.1075 per Common Share, Special Common Share and Series A Common Share. Payment will be made on Sept. 30, 2009 to shareholders of record on Sept. 16, 2009.

TDS(TM) has paid cash dividends on its common stock since 1974, and has 35 consecutive years of annual common dividend increases.

About TDS

Telephone and Data Systems, Inc. (TDS), a Fortune 500 company, provides wireless, local and long-distance telephone, and broadband services to approximately 7.3 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 12,400 people as of June 30, 2009. For more information about TDS, visit www.teldta.com.

For more information about TDS and its subsidiaries, visit the Web sites at:

TDS: www.teldta.com
USM: uscellular.com
TDS Telecom: www.tdstelecom.com

SOURCE Telephone and Data Systems, Inc.

CONTACT:
Julie D. Mathews,
Manager, Investor Relations of Telephone and Data Systems, Inc.,
+1-312-592-5341,
julie.mathews@teldta.com

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