TDS Telecommunications Corp. Announces High-Profile Executive Assignments

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Veteran executive officer and CFO to lead HMS business operations; long serving corporate finance leader to assume CFO role.

Pictured: William Megan, Vicki Villacrez, of TDS Telecommunications Corp.

“I am very pleased, as a growing organization, we can put one of our senior and most capable leaders in charge of this very important strategic initiative,” remarked Dave Wittwer, president and CEO for TDS.

TDS Telecommunications Corp. (TDS®) today announces two high-profile executive leadership changes aimed at accelerating growth.

William Megan, executive vice president-Finance and chief financial officer for TDS Telecommunications Corp. has been named to lead TDS’ fast growing Hosted and Managed Services (HMS) operation, which includes TEAM Companies and VISI Incorporated data service centers. TDS will maintain management responsibility for HMS and Mr. Megan will oversee all day-to-day operations. He will maintain responsibility for HMS results and will also lead TDS’ HMS business development activities. His title will be President-HMS Operations, LLC.

Dave Wittwer, president and CEO for TDS remarked, “I am very pleased, as a growing organization, we can put one of our senior and most capable leaders in charge of this very important strategic initiative. Bill Megan is an exceptional thinker with excellent communications sector vision. He is a trusted advisor to me and the entire TDS enterprise.”

Simultaneously, Vicki Villacrez, who currently serves as assistant treasurer for Telephone and Data Systems, Inc. will become TDS Telecommunications Corp.’s vice president-Finance and CFO, on an interim basis. Ms. Villacrez will have direct management responsibility for all accounting, internal controls, revenue assurance, financial planning, and strategic planning functions at TDS.

“Vicki has exceptional knowledge of TDS’ existing financial operations and activities. Her ability to assume this highly-visible executive management position with an eye toward future growth and profitability is a great outcome for TDS’ employees, customers, and shareholders,” remarked Wittwer.

With these two new assignments, TDS is poised to continue its evolution as an expansive and diversified provider focused on bringing advanced communications services to its commercial and residential customers. Both executives will report directly to Wittwer.

As the eighth largest telecom provider in the U.S., TDS Telecommunications Corp. (TDS®) connects people with broadband Internet, phone and TV entertainment services in hundreds of rural, suburban, and metropolitan communities in 30 states. With more than 40 years of experience and 1.1 million equivalent access lines in service, customers can select from the latest technologies, including: VoIP (managedIP) phone service, dedicated Internet, data networking, and hosted-managed services.

TDS Telecommunications Corp. also manages the data center operations of VISI Incorporated and TEAM Companies, specializing in colocation, cloud computing, and disaster recovery solutions for businesses of all-sizes. In total, approximately 2,700 people work for the companies both in local communities and at TDS’ national headquarters in Madison, Wis. Visit http://www.tdstelecom.com, http://www.tdsbusiness.com, http://www.visi.com and http://www.team-companies.com for more information.

TDS Telecommunications Corp. is a wholly owned subsidiary of Telephone and Data Systems, Inc. [NYSE: TDS, TDS.S] Telephone and Data Systems, Inc., a Fortune 500® company, provides wireless, local and long-distance telephone and broadband services to nearly 7.1 million customers in 36 states through TDS Telecommunications Corp. and U.S. Cellular [NYSE: USM], its 83-percent owned wireless subsidiary. Founded in 1969 and headquartered in Chicago, Telephone and Data Systems employed 12,100 employees as of March 31, 2011. Visit http://www.teldta.com for more information.

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