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TDS Announces First Quarter 2011 Dividend

03/01/2011
Increases dividend for the 37th consecutive year

CHICAGO, March 1, 2011 /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 first quarter 2011 dividend of $.1175 per Common Share, Special Common Share and Series A Common Share. Payment will be made on March 31, 2011, to shareholders of record on March 17, 2011.

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 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 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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