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TDS Announces Third Quarter 2008 Dividend


CHICAGO, Aug. 28 /PRNewswire-FirstCall/ -- The board of directors of Telephone and Data Systems, Inc. (AMEX: TDS, TDS.S), a leading provider of telecommunications services, has declared a third quarter 2008 dividend of $.1025 per Common Share, Special Common Share and Series A Common Share. Payment will be made on Sept. 30, 2008 to shareholders of record on Sept. 15, 2008.

TDS has paid cash dividends on its common stock 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 nearly 7.4 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 11,700 full-time equivalent employees as of June 30, 2008.

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

TDS: http://www.teldta.com TDS Telecom: http://www.tdstelecom.com

USM: http://www.uscellular.com

SOURCE Telephone and Data Systems, Inc.

Tags: ,UTI,CPR,TLS,DIV,IL-TDS-Q3-dividend
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