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TDS Announces Third Quarter 2010 Dividend

08/27/2010

CHICAGO, Aug 27, 2010 /PRNewswire via COMTEX/ -- 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 2010 dividend of $.1125 per Common Share, Special Common Share and Series A Common Share. Payment will be made on Sept. 30, 2010, to shareholders of record on Sept. 16, 2010.

TDS has increased its dividend on the common stock every year since 1974.

About TDS

Telephone and Data Systems, Inc. (TDS), a Fortune 500(R) 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 12,300 people as of June 30, 2010.

Visit http://www.teldta.com/ for comprehensive financial information, including earnings releases, quarterly and annual filings, shareholder information, and more. For more information about its subsidiaries, visit the Web sites at:

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

SOURCE Telephone and Data Systems, Inc.

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