TDS reports Q1 2014 operating revenues down slightly from prior year's quarter

Telephone and Data Systems, Inc. (NYSE: TDS) said it has reported operating revenues of USD1,196.0m for the first quarter of 2014, versus USD1,308.6m for the comparable period one year ago.

Net income attributable to TDS shareholders and related diluted earnings per share were USD18.3m and USD0.16 respectively, for the first quarter of 2014, compared to USD1.4m and USD0.01, respectively, in the comparable period one year ago.

Year-over-year comparisons are affected by US Cellular´s divestiture transaction, the deconsolidation of certain US Cellular partnerships, and acquisitions at TDS Telecom, in 2013.

Telephone and Data Systems, Inc. provides wireless; cable and wireline broadband, TV and voice; and hosted and managed services. Founded in 1969 and headquartered in Chicago, TDS employed 10,600 people as of March 31, 2014. Its website is at www.teldta.com.

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