TDS Announces First Quarter 2007 Dividend

CHICAGO, March 8 /PRNewswire-FirstCall/ — The board of directors of Telephone and Data Systems, Inc. , a leading provider of telecommunications services, has declared a first quarter 2007 dividend of $.0975 per Common Share, Special Common Share and Series A Common Share. Payment will be made on March 30, 2007 to shareholders of record on March 19, 2007.

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 Dec. 31, 2006, the company employed 11,800 people and served 7 million customers/units in 36 states.

More information is available at: http://www.teldta.com/ .

Telephone and Data Systems, Inc.

CONTACT: Julie D. Mathews, Manager, Investor Relations, of Telephone andData Systems, +1-312-592-5341, julie.mathews@teldta.com

Web site: http://www.teldta.com/