Companies expect to file 2007 SEC Forms 10-K by Feb. 29
CHICAGO, Feb. 26 /PRNewswire-FirstCall/ -- Telephone and Data Systems, Inc. (AMEX:TDSAMEX:TDS.S) and United States Cellular Corporation (AMEX:USM) said today that the companies require additional time to complete the review of their year-end financial results. Both companies expect to complete the review, announce year-end results and file their Securities and Exchange Commission Forms 10-K for the year-ended Dec. 31, 2007 on or before Feb. 29, 2008. The companies had expected to release 2007 year-end results on Tues., Feb. 26, 2008.
A conference call with investors previously scheduled for Feb. 26, 2008, at 10:00 am will be rescheduled for later this week.
About TDS TDS is a diversified telecommunications corporation founded in 1969. Through its business units, U.S. Cellular and TDS Telecom, TDS operates primarily by providing wireless, local telephone and broadband services. As of Sept. 30, 2007, the company employed 11,700 people and served 7.3 million customers/units in 36 states.
About U.S. Cellular U.S. Cellular, the nation's sixth-largest wireless service carrier, employed 8,200 associates as of Sept. 30, 2007 and provided wireless service to 6.1 million customers in 26 states. The Chicago-based company operates on a customer satisfaction strategy, meeting customer needs by providing a comprehensive range of wireless products and services, superior customer support and a high-quality network.
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 U.S. Cellular to successfully manage and grow the operations of newly launched markets; changes in the overall economy; changes in competition in the markets in which U.S. Cellular and TDS Telecom operate; changes due to industry consolidation; advances in telecommunications technology; changes to access to and pricing of unbundled network elements; changes in the state and federal telecommunications regulatory environment; changes in the value of assets; changes in the value of investments, including variable prepaid forward contracts; an adverse change in the ratings afforded TDS and U.S. Cellular debt securities by accredited ratings organizations; uncertainty of access to the capital markets; risks and uncertainties relating to restatements and possible future restatements; ability to remediate material weaknesses; pending and future litigation; acquisitions/divestitures of properties and/or licenses; and changes in customer growth rates, average monthly revenue per unit, churn rates, roaming terms and the mix of products and services offered in U.S. Cellular and TDS Telecom markets. 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, please visit: TDS: teldta.com / U.S. Cellular: uscellular.com / TDS Telecom: tdstelecom.com DATASOURCE: Telephone and Data Systems, Inc.; United States Cellular Corporation CONTACT: Mark A. Steinkrauss, Vice President, Corporate Relations, +1-312-592-5384, , or Julie D. Mathews, Manager, Investor Relations, +1-312-592-5341, , both of Telephone and Data Systems, Inc.
Web site: http://www.teldta.com/ http://www.uscellular.com/ http://www.tdstelecom.com/
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