TDS announces agreement to acquire State Long Distance Telcom Ltd.

TDS Telecommunications Corp. announces agreement to acquire State Long Distance Telcom Ltd.

TDS Telecommunications Corp., a subsidiary of Telephone and Data Systems, Inc. [NYSE:TDSTM, TDS.S], announced today it has entered into a definitive agreement for the acquisition of State Long Distance Telcom, Ltd., a privately-held telecommunications company in Elkhorn, Wis.  The transaction is subject to certain conditions including regulatory approvals.  The closing is expected to be in fourth quarter 2008.

State Long Distance Telcom Ltd. currently serves 9,300 access lines and 2,200 DSL lines, through one telephone exchange.

David A. Wittwer, president and chief executive officer of TDS Telecommunications Corp. said, “State Long Distance is an excellent addition to our footprint in southeast Wisconsin.  The company is near two of our existing telecommunications companies and operates a high-quality network.  We look forward to being the preferred broadband provider in the community, offering new product bundles, enhanced service quality, and faster high-speed Internet service to our new customers.”   

Mazer Telecom Advisors of Denver, Colorado, acted as financial advisor to State Long Distance Telcom, Ltd., in the transaction.


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TDS Telecommunications LLC (TDS Telecom/TDS®) delivers high-speed internet, TV entertainment, and phone services to a mix of small to mid-sized urban, suburban and rural communities throughout the U.S. With 1.1 million connections, TDS’ mission is to create a better world through its communications services. Powered by fiber-optics and new industry-leading technologies, TDS delivers up to 8 Gigabit internet speeds and offers internet-protocol based TV entertainment solutions along with traditional phone services. TDS also offers businesses VoIP advanced communications solutions, dedicated internet service, and data networking services. Visit tdstelecom.com.

TDS Telecom, headquartered in Madison, Wis., employs 3,300 people and is a subsidiary of Telephone and Data Systems, Inc. [NYSE: TDS]. Founded in 1969, Telephone and Data Systems provides wireless, broadband, video and voice services to approximately 6 million connections nationwide through its businesses: UScellular and TDS Telecom. Visit tdsinc.com.

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