TDS Announces First Quarter 2012 Dividend Increases dividend for the 38th consecutive year

CHICAGO, Feb. 28, 2012 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared a first quarter 2012 dividend of $.1225 per Common Share and Series A Common Share. Payment will be made on March 30, 2012 to shareholders of record as of March 16, 2012.

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 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 Dec. 31, 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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