TDS Announces Third Quarter 2011 Dividend

CHICAGO, Aug. 25, 2011 /PRNewswire/ -- 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 2011 dividend of $.1175 per Common Share, Special Common Share and Series A Common Share. Payment will be made on Sept. 30, 2011, to shareholders of record on Sept. 16, 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® 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. Find us at facebook.com/telephoneanddatasystems. Follow us on twitter.com/tdscorporate. For more information about our subsidiaries, visit their websites at:

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

SOURCE Telephone and Data Systems, Inc.

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