FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 12, 1998
TELEPHONE AND DATA SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-14157 36-2669023
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
30 North LaSalle Street, Chicago, Illinois 60602
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 630-1900
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On June 12, 1998, Telephone and Data Systems, Inc. (the "Company" or
"TDS") announced that it had withdrawn its planned offering of 13,500,000 shares
of TDS Telecommunications Group Common Shares, a class of common stock of TDS
which would track the performance of the TDS Telecom Group. The Company cited
adverse market conditions as the reason for the withdrawal of the offering.
This Current Report on Form 8-K is being filed for the purpose of
filing the news release issued by the Company relating to such announcement as
an exhibit.
Item 7. Financial Statements and Exhibits
Exhibits
The exhibits accompanying this report are listed in the accompanying
Exhibit Index.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
Telephone and Data Systems, Inc.
(Registrant)
Date: June 15, 1998
By: /s/ GREGORY J. WILKINSON
Gregory J. Wilkinson
Vice President and Controller
(principal accounting officer)
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EXHIBIT INDEX
Exhibit Number Description of Exhibit
- - -------------- -----------------------
99 News Release dated June 12, 1998
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Exhibit 99
Contact: Mark A. Steinkrauss, Vice President - Corporate Relations
(312) 630-1900
e-mail: [email protected]
FOR RELEASE: IMMEDIATE
TDS WITHDRAWS OFFERING OF TDS TELECOMMUNICATIONS
GROUP COMMON SHARES
June 12, 1998, Chicago, Illinois - Telephone and Data Systems, Inc. [AMEX: TDS],
a leading provider of telecommunications services, said that it has withdrawn
its planned offering of 13,500,000 shares of TDS Telecommunications Group Common
Shares, a class of common stock of TDS which would track the performance of the
TDS Telecom Group. The company cited adverse market conditions as the reason for
the withdrawal of the offering.
TDS Telecom Group is principally comprised of TDS Telecommunications
Corporation, the ninth largest non-Bell local exchange telephone company in the
United States measured in terms of access lines. TDS Telecom provides rural and
suburban consumers and businesses with landline local telephone service through
its switching and intra-city network. Long distance or toll service is provided
through connections with long-distance carriers, primarily AT&T and the Regional
Bell Operating Companies which purchase network access from the Telecom Group.
The Telecom Group also operates USLink, a regional long-distance company, as
well as new business ventures including TDSNET, an Internet access provider; TDS
DATACOM, a LAN wiring business; and TDS METROCOM, a competitive local exchange
carrier.
TDS is a diversified telecommunications corporation founded in 1969. Through its
strategic business units, United States Cellular, TDS Telecom and Aerial
Communications, TDS operates primarily in cellular, local telephone and personal
communications services (PCS) markets around the country. TDS builds value for
its shareholders by providing excellent communications services in growing,
closely-related segments of the telecommunications industry. The company
currently employs approximately 8,900 people and serves over 2.5 million
customers.
TDS Internet Home Page: http://www.teldta.com
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