CHICAGO, May 23 /PRNewswire-FirstCall/ -- The board of directors of Telephone and Data Systems, Inc. (Amex: TDS, TDS.S), a leading provider of telecommunications services, has declared a second quarter 2008 dividend of $.1025 per Common Share, Special Common Share and Series A Common Share. Payment will be made on June 30, 2008 to shareholders of record on June 16, 2008.

TDS has paid cash dividends on its common stock since 1974.

About TDS

Telephone and Data Systems, Inc. (TDS), a Fortune 500(R) company, provides wireless, local and long-distance telephone, and broadband services to nearly 7.4 million customers in 36 states through its business units, U.S. Cellular(R) (wireless) and TDS Telecom (wireline). Founded in 1969 and headquartered in Chicago, TDS employed 12,100 people as of March 31, 2008.

For more information about TDS and its subsidiaries, visit the Web sites at:

TDS: http://www.teldta.com
TDS Telecom: http://www.tdstelecom.com
USM: http://www.uscellular.com

SOURCE Telephone and Data Systems, Inc.

/CONTACT: Julie D. Mathews, Manager, Investor Relations of Telephone and
Data Systems, Inc., +1-312-592-5341, julie.mathews@teldta.com/
/Web site: http://www.teldta.com /
(TDS TDS.S)