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Common Share Repurchases
 9 Months Ended
Sep. 30, 2015
Disclosure Text Block  
Common Share Repurchases

 


12.  Common Share Repurchases

On August 2, 2013, the Board of Directors of TDS authorized a $250 million stock repurchase program for the purchase of TDS Common Shares from time to time pursuant to open market purchases, block transactions, private purchases or otherwise, depending on market conditions.  This authorization does not have an expiration date.

On November 17, 2009, the Board of Directors of U.S. Cellular authorized the repurchase of up to 1,300,000 Common Shares on an annual basis beginning in 2009 and continuing each year thereafter, on a cumulative basis.  These purchases will be made pursuant to open market purchases, block purchases, private purchases or otherwise, depending on market conditions.  This authorization does not have an expiration date.

Share repurchases made under these authorizations were as follows:

 

Number of

 

Average Cost

 

 

 

Nine Months Ended September 30,

Shares

 

Per Share

 

Amount

(Dollar amounts and shares in thousands, except per share data)

2015

 

 

 

 

 

 

 

 

TDS Common Shares

– 

 

$

– 

 

$

– 

 

U.S. Cellular Common Shares

154 

 

$

34.85 

 

$

5,362 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

TDS Common Shares

1,230 

 

$

25.85 

 

$

31,794 

 

U.S. Cellular Common Shares

384 

 

$

39.37 

 

$

15,124