CHICAGO, Nov. 14, 2011 /PRNewswire/ -- Telephone and Data
Systems, Inc. (NYSE: TDS, TDS.S) today announced that it plans to
further adjourn the special meeting of shareholders that had
previously been adjourned to November 15,
2011, relating to amendments to its restated certificate of
incorporation and related proposals described in TDS' proxy
statement dated August 31, 2011. The
meeting is being adjourned until further notice.
The TDS Board of Directors is working to finalize possible
changes to the proposals included in its definitive proxy statement
dated August 31, 2011 and anticipates
announcing proposed changes in the near future.
If the TDS Board of Directors approves changes to the proposals,
it will circulate a proxy supplement and will announce the date on
which the adjourned meeting will reconvene to consider the revised
proposals. TDS will change the record date in such event.
There is no assurance that the TDS Board of Directors will
approve changes to the proposals. If the TDS Board of
Directors determines not to approve changes to the proposals, TDS
will announce a date for the adjourned meeting to reconvene and
hold the vote on the existing proposals at the adjourned meeting.
TDS may alternatively cancel or otherwise postpone the
adjourned special meeting.
IMPORTANT INFORMATION: The foregoing information is not a
solicitation of a proxy from any TDS shareholder. This is
being done only pursuant to a definitive proxy statement.
Additional information relating to the foregoing is included in
TDS' proxy materials filed with the SEC and distributed to
shareholders. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO
READ SUCH MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
Shareholders and other investors may access such materials without
charge at the SEC's web site (www.sec.gov) and on the TDS web site
(www.teldta.com) in the Investor Relations section on the SEC
filings page. In addition, shareholders may obtain free copies of
the proxy materials by contacting TDS' proxy solicitor, MacKenzie
Partners at (800) 322-2885. TDS and its executive officers
and directors may be deemed to be participants in the solicitation
of proxies from TDS shareholders on behalf of the TDS Board of
Directors in connection with the foregoing. Information
concerning such participants and their respective direct or
indirect interests in TDS by security holdings or otherwise is
included in TDS' definitive proxy statement.
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
Sept. 30, 2011.
Visit www.teldta.com for comprehensive financial information,
including earnings releases, quarterly and annual filings,
shareholder information and more.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: All information set forth in this news
release, except historical and factual information, represents
forward-looking statements. This includes all statements about the
company's plans, beliefs, estimates and expectations. These
statements are based on current estimates, projections and
assumptions, which involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. Important factors that may affect these
forward-looking statements include, but are not limited to: the
ability of the company to successfully grow its markets; the
overall economy; competition; the access to and pricing of
unbundled network elements; the ability to obtain or maintain
roaming arrangements with other carriers; the state and federal
telecommunications regulatory environment; the value of assets and
investments; adverse changes in the ratings afforded TDS and U.S.
Cellular debt securities by accredited ratings organizations;
industry consolidation; advances in telecommunications technology;
uncertainty of access to the capital markets; pending and future
litigation; changes in income tax rates, laws, regulations or
rulings; acquisitions/divestitures of properties and/or licenses;
and changes in customer growth rates, average monthly revenue per
unit, churn rates, roaming revenue and terms, the availability of
handset devices, or the mix of products and services offered by
U.S. Cellular and TDS Telecom. Investors are encouraged to consider
these and other risks and uncertainties that are discussed in the
Form 8-K used by TDS to furnish this press release to the SEC,
which are incorporated by reference herein.
For more information about TDS and its subsidiaries, visit our
web sites at:
TDS: www.teldta.com
TDS Telecom: www.tdstelecom.com
USM: www.uscellular.com
SOURCE Telephone and Data Systems, Inc.