ISS and Glass Lewis Recommend TDS Shareholders Vote for Revised Plan to Reclassify Special Common Shares and Common Shares

Telephone and Data Systems, Inc.

announced today that Institutional Shareholder Services, Inc. and Glass, Lewis & Co., LLC recommend that holders of each of the TDS Common Shares and Special Common Shares vote "FOR" the proposed amendments to the TDS certificate of incorporation. The revised amendments include a share consolidation amendment to reclassify each Special Common Share as one Common Share, each Common Share as 1.087 Common Shares, and each Series A Common Share as 1.087 Series A Common Shares. The revised plan made no substantive changes to the vote amendment, which sets the Series A Common Shares voting rights at current levels.