Glass Lewis Recommends TDS Shareholders Vote for Proposed Plan to Reclassify Special Common Shares - Telephone and Data (NYSE:TDS)

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Telephone and Data Systems, Inc.(NYSE: TDS) today issued the following comments in response to theGlass, Lewis & Co., LLC and the Institutional ShareholderServices' reports regarding the proposed amendments to the TDScertificate of incorporation. The proposals include a share consolidationamendment to reclassify TDS Special Common Shares as Common Shares on aone-for-one basis, resulting in a single class of publicly-traded commonstock, and a vote amendment, which will set the Series A Common Shares votingrights at current levels.

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