<SEC-DOCUMENT>0000821130-11-000016.txt : 20110506
<SEC-HEADER>0000821130-11-000016.hdr.sgml : 20110506
<ACCEPTANCE-DATETIME>20110506085644
ACCESSION NUMBER:		0000821130-11-000016
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20110331
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110506
DATE AS OF CHANGE:		20110506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED STATES CELLULAR CORP
		CENTRAL INDEX KEY:			0000821130
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				621147325
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09712
		FILM NUMBER:		11816754

	BUSINESS ADDRESS:	
		STREET 1:		8410 W BRYN MAWR AVE
		STREET 2:		STE 700
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60631
		BUSINESS PHONE:		7733998900

	MAIL ADDRESS:	
		STREET 1:		8410 W BRYN MAWR AVE
		STREET 2:		STE 700
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60631
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>

<HTML>
<HEAD>
   <TITLE>form8k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<A name="page_1"></A>&nbsp;
<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader1"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<HR style="MARGIN-TOP: -5px" color=#000000 SIZE=4 noShade>
<HR style="MARGIN-TOP: -10px" color=#000000 SIZE=1 noShade>
<P style="MARGIN: 0in 0in 0pt"></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV> <H4 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 18pt" face="Times New Roman">FORM 8-K</FONT></B></H4>
<P style="TEXT-ALIGN: center; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align=center>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=EN-US face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Washington, D.C. 20549</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">CURRENT REPORT</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Pursuant to Section 13 or 15(d) of</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">The Securities Exchange Act of 1934</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Date of Report (Date of earliest event reported):&nbsp; </FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">May 6, 2011</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=EN-US face="Times New Roman">UNITED STATES CELLULAR CORPORATION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"><BR>
&nbsp;(Exact name of registrant as specified in its charter)</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 10.5pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: white; HEIGHT: 10.5pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="33%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">Delaware</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(State or other jurisdiction of</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">incorporation or organization)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: white; HEIGHT: 10.5pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="34%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">1-9712</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Commission</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">File Number)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: white; HEIGHT: 10.5pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="33%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">62-1147325</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(I.R.S. Employer Identification No.)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 25.5pt"></TR>
<TR style="HEIGHT: 6.75pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: white; HEIGHT: 6.75pt; PADDING-TOP: 0in" vAlign=bottom width="33%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: white; HEIGHT: 6.75pt; PADDING-TOP: 0in" vAlign=bottom width="34%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: white; HEIGHT: 6.75pt; PADDING-TOP: 0in" vAlign=bottom width="33%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="67%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">8410 West Bryn Mawr, Suite 700, Chicago, Illinois</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Address of principal executive offices)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="33%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">60631</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Zip Code)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt"></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Registrant&#146;s telephone number, including area code:&nbsp; </FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(773) 399-8900</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Not Applicable</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(Former name or former address, if changed since last report)</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="95%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="95%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="95%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="95%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="95%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="95%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="95%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<a name="_bclFooter1"></a><DIV>
<HR style="MARGIN-TOP: -5px" color=#000000 SIZE=1 noShade>
<HR style="MARGIN-TOP: -13px" color=#000000 SIZE=4 noShade>
<P style="MARGIN: 0in 0in 0pt"></P>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
</DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_2"></A>
<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader2"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Item 2.02.&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Results of Operations and Financial Condition</FONT></U> </P>
<P style="TEXT-INDENT: 0.5in; MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">On May 6, 2011, United States Cellular Corporation (&#147;U.S. Cellular&#148;) issued a news release announcing its results of operations for the period ended March 31, 2011.&nbsp; A copy of the news release is attached hereto as Exhibit 99.1 and incorporated by reference herein.</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The information in this Item 2.02 of Form 8-K is being furnished and shall not be deemed &#147;filed&#148; for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Item 9.01.&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Financial Statements and Exhibits</FONT></U></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(d)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Exhibits:</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">In accordance with the provisions of Item 601 of Regulation S-K, any Exhibits filed or furnished herewith are set forth on the Exhibit Index attached hereto.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Attached as Exhibit 99.2 is a safe harbor cautionary statement under the Private Securities Litigation Reform Act of 1995.</FONT></P>
<a name="_bclFooter2"></a><DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
</DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT face="Times New Roman"></FONT>&nbsp;</DIV>


<A name="page_3"></A>&nbsp;
<a name="_bclPageBorder3"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader3"></a><DIV>
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">SIGNATURES</FONT></P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">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.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">United States Cellular Corporation</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(Registrant)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Date:&nbsp; May 6, 2011</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 40%" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">By:</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; BACKGROUND: #ffffff" vAlign=bottom width="85%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">/s/ Steven T. Campbell</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=top width="85%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">Steven T. Campbell</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">Executive Vice President &#150; Finance,</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer and Treasurer</FONT></P>
</TD></TR></TABLE></DIV>
<a name="_bclFooter3"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV></DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_4"></A>&nbsp;
<a name="_bclPageBorder4"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader4"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">EXHIBIT INDEX</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The following exhibits are filed or furnished herewith as noted below.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">Exhibit</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">No.</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="85%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">Description</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">99.1&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="85%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">Earnings Press Release dated May 6, 2011</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="85%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">99.2&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; BACKGROUND: #ffffff; PADDING-TOP: 0in" vAlign=bottom width="85%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">Private Securities Litigation Reform Act of 1995 Safe Harbor Cautionary Statement</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991.htm
<DESCRIPTION>EX-99.1
<TEXT>

<HTML>
<HEAD>
   <TITLE>exhibit991.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<!--$$/page=-->
<A name="page_1"></A><BR>
<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<IMG border=0 src="exhibit991x1x1.jpg">
<BR>
<P style="TEXT-ALIGN: left"><B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">As previously announced, U.S. Cellular will hold a teleconference May 6, 2011 at 9:30 a.m. CDT. Interested parties may listen to the call live by accessing the Conference Calls page of <U><FONT color=#0000ff>www.teldta.com</FONT></U> or <FONT color=#0000ff><U>uscellular.com</U></FONT>.</FONT></B></P>
<DIV align=left>
<TABLE style="WIDTH: 40%" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD width="15%"></TD>
     <TD width="85%"></TD></TR>
<TR vAlign=bottom>
     <TD vAlign=top rowSpan=2 align=left><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">Contact:</FONT><BR>
<FONT style="FONT-SIZE: 10pt"></FONT></TD>
     <TD vAlign=top rowSpan=2 align=left><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">Jane W. McCahon, Vice President, Corporate Relations</FONT><BR>
<FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">(312) 592-5379; <FONT color=#0000ff><U>jane.mccahon@teldta.com</U></FONT></FONT></TD></TR>
<TR vAlign=bottom></TR>
<TR>
     <TD vAlign=top colSpan=2><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD vAlign=top rowSpan=2 align=left><FONT style="FONT-SIZE: 10pt"></FONT><BR>
<FONT style="FONT-SIZE: 10pt"></FONT></TD>
     <TD vAlign=top rowSpan=2 align=left><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">Julie D. Mathews, Manager, Investor Relations</FONT><BR>
<FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">(312) 592-5341; <FONT color=#0000ff><U>julie.mathews@teldta.com</U></FONT></FONT></TD></TR>
<TR vAlign=bottom></TR></TABLE></DIV>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">FOR RELEASE: IMMEDIATE</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">U.S. CELLULAR REPORTS FIRST QUARTER 2011 RESULTS</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN-TOP: -0.2in"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular accelerates 4G/LTE deployment and increases capacity for data usage</FONT></I></P>
<P style="TEXT-ALIGN: left"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Note: Comparisons are year over year unless otherwise noted.</FONT></I></P>
<P style="TEXT-ALIGN: left"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1Q 2011 Highlights</FONT></U></B></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face=Wingdings-Regular,WingDings>&#167; </FONT><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">A net loss of 31,000 retail customers, reflecting a loss of 22,000 postpaid customers and 9,000 prepaid customers; postpaid customers comprised 95 percent of retail customers.</FONT></FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face=Wingdings-Regular,WingDings>&#167; </FONT><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">Service revenues were $985.1 million<FONT style="FONT-SIZE: 10pt" face="Times New Roman">, up 2.1 percent.</FONT></FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face=Wingdings-Regular,WingDings>&#167;&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Postpaid</FONT> ARPU (average revenue per unit) increased to $<FONT style="FONT-SIZE: 10pt" face="Times New Roman">51.21</FONT> from $<FONT style="FONT-SIZE: 10pt" face="Times New Roman">50.70</FONT>.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face=Wingdings-Regular,WingDings>&#167; </FONT><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">P</FONT>ostpaid churn improved to 1.37 percent from 1.41 percent.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face=Wingdings-Regular,WingDings>&#167; </FONT><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">5 percent increase in cell sites in service to 7,663.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face=Wingdings-Regular,WingDings>&#167; </FONT><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">Repurchased 357,021 common shares for $17.4 million.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><U><FONT face="Times New Roman">CHICAGO &#150; May 6, 2011</FONT></U> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#150; United States Cellular Corporation [NYSE:USM] reported service revenues of $985.1 million for the first quarter of 2011 versus $965.0 million in the comparable period one year ago. Net income attributable to U.S. Cellular shareholders and related diluted earnings per share were $34.1 million and $0.40, respectively, for the first quarter of 2011 compared to $47.4 million and $0.54, respectively, in the comparable period one year ago.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#147;<FONT lang=EN-US>We were pleased to see improvements in postpaid ARPU and churn in the quarter,&#148; said president and CEO Mary N. Dillon, &#147;though it&#146;s clear from our subscriber results that we need to increase awareness of the unique value and benefits we offer to potential customers. </FONT><EM><FONT style="FONT-STYLE: normal" lang=EN-US>We recently launched new advertising to better communicate our great network and phones and the unique benefits of the Belief Plans.&nbsp; In addition, the recent changes we&#146;ve made to our senior management team will allow us to leverage the vast strengths and talents of our existing team and bring on additional perspectives as we continue to innovate and delight our customers</FONT></EM><I><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial><FONT style="FONT-SIZE: 10pt" face="Times New Roman">.</FONT> </FONT></I></FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#147;Smartphone sales were very strong in the quarter, representing&nbsp;42 percent of all the devices we sold, and data use continued to grow dramatically. Accordingly, we&#146;ve decided to increase overall data capacity and accelerate our 4G/LTE rollout, to ensure outstanding data experiences for our customers and better manage the related costs. We&#146;re also introducing a minimum of 13 new smartphones in 2011 to&nbsp;address the growing demand. Our device lineup will include some lower-priced smartphones with lower associated subsidies.&#148;</FONT></P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT style="FONT-SIZE: 9pt"></FONT>&nbsp;</DIV>


<A name="page_2"></A><BR>
<a name="_bclPageBorder2"></a><P style="TEXT-ALIGN: left; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#147;We had migrations and additions totaling 1.8 million new and existing customers on our Belief Plans at the end of the quarter, and we&#146;re focused very intently on evolving our marketing messaging and sales strategies to put U.S. Cellular at the top of the list for&nbsp;consideration by&nbsp;potential switchers. We have the highest call quality and network satisfaction of any national carrier, and this quarter&#146;s very low postpaid churn rate demonstrates how happy our existing customers are with the value and outstanding service they get from U.S. Cellular."</FONT></P>
<a name="_bclPageBorder2"></a><P style="TEXT-ALIGN: left; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#147;We continue to move forward with our enablement initiatives to improve efficiencies and cost structure. This spending, along with more smartphone subsidies, is pressuring margins now, but both are expected to have a positive, long-term effect on profitability.&#148;</FONT></P>
<a name="_bclPageBorder2"></a><P style="TEXT-ALIGN: left; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Guidance for year ending Dec. 31, 2011<BR>
</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Guidance for the year ending Dec. 31, 2011 as of May 6, 2011 is provided below, compared to the previous guidance provided on Feb. 24, 2011. U.S. Cellular undertakes no duty to update such information, whether as a result of new information, future events, or otherwise. There can be no assurance that final results will not differ materially from this guidance.</FONT></P>
<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%" align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0>
<TR>
     <TD width="68%"></TD>
     <TD width="15%"></TD>
     <TD width="2%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD vAlign=top align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Current Estimates</FONT></TD>
     <TD vAlign=top align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=top align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Previous Estimates (1)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Service revenues</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$4,000-$4,100 million</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Unchanged</FONT></TD></TR>
<TR vAlign=bottom>
     <TD vAlign=top align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Adjusted OIBDA (2) (4)</FONT></TD>
     <TD vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$775-$875 million</FONT></TD>
     <TD vAlign=top align=right></TD>
     <TD vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Unchanged</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Operating income (3) (4)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$185-$285 million</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Unchanged</FONT></TD></TR>
<TR vAlign=bottom>
     <TD vAlign=top align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Depreciation, amortization and accretion expenses, and losses on asset disposals and impairment of assets (3)</FONT></TD>
     <TD vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Approx. $590 million</FONT></TD>
     <TD vAlign=top align=right></TD>
     <TD vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Unchanged</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Capital expenditures (4)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$750-$800 million</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Approx. $650 million</FONT></TD></TR></TABLE></DIV>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<HR align=left color=#000000 SIZE=1 width="30%">
</DIV>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"></P>
<a name="_bclPageBorder2"></a><P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(1)&nbsp;&nbsp; The 2011 estimated results as disclosed in the U.S. Cellular's Annual Report on Form 10-K for the year ended December 31, 2010.</FONT></P>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<a name="_bclPageBorder2"></a><P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2)&nbsp;&nbsp; Adjusted OIBDA is defined as operating income excluding the effects of: depreciation, amortization and accretion (OIBDA); the net gain or loss on asset disposals (if any); and the loss on impairment of assets (if any). This measure also may be commonly referred to by management as operating cash flow. This measure should not be confused with cash flows from operating activities, which is a component of the consolidated statement of cash flows.</FONT></P>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<a name="_bclPageBorder2"></a><P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(3)&nbsp;&nbsp; The 2011 Estimated Results do not include any estimate for losses on impairment of assets since these cannot be predicted.</FONT></P>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<a name="_bclPageBorder2"></a><P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(4)&nbsp;&nbsp; This guidance is based on U.S. Cellular's current plans, which include a multi-year deployment of Long-term Evolution ("LTE") technology commencing in 2011.&nbsp;As customer demand for data services increases, and competitive conditions in the wireless industry evolve, such as the rate of deployment of LTE technology by other carriers, the timing of U.S. Cellular's deployment of LTE and the timing of other capital expenditures could change. These factors could affect U.S. Cellular's estimated capital expenditures and operating expenses in 2011.</FONT></P>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%">&nbsp;</P>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><B><FONT style="FONT-SIZE: 10pt">Conference call information</FONT></B></P>
<a name="_bclPageBorder2"></a><P style="MARGIN: 0px; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt">U.S. Cellular will hold a conference call on May 6, 2011 at 9:30 a.m. CDT.</FONT></P>
<a name="_bclPageBorder2"></a><P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.5in; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt" face=Wingdings-Regular,WingDings>&#167; <FONT face="Times New Roman">Access the live call on the Conference Calls page of <U><FONT color=#0000ff>uscellular.com</FONT></U> or at <U><FONT color=#0000ff>http://www.videonewswire.com/event.asp?id=79230</FONT></U>.</FONT></FONT></P>
<a name="_bclPageBorder2"></a><P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.5in; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt" face=Wingdings-Regular,WingDings>&#167;&nbsp;</FONT><FONT style="FONT-SIZE: 10pt">Access the call by phone at 877/407-8029 (US/Canada), no pass code required.</FONT></P>
<DIV></DIV>
<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</DIV>
<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10pt"><FONT face="Times New Roman">Before the call, certain financial and statistical information to be discussed during the call will be posted to the Investor Relations page of </FONT><U><FONT color=#0000ff face="Times New Roman">uscellular.com</FONT></U><FONT face="Times New Roman">. The call will be archived on the Conference Calls page of </FONT><FONT color=#0000ff><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">uscellular.com</FONT></U><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">.</FONT></FONT></FONT></DIV>
<a name="_bclPageBorder2"></a><P style="TEXT-ALIGN: left; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">About U.S. Cellular<BR>
</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">United States Cellular Corporation, the nation's sixth-largest wireless carrier, provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to approximately six million customers in 26 states. The Chicago-based company employed approximately 9,000 full-time equivalent associates as of March 31, 2011. At the end of the first quarter, Telephone and Data Systems, Inc. owned 83 percent of U.S. Cellular.</FONT></P>
<a name="_bclPageBorder2"></a><P style="TEXT-ALIGN: center; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT size=2>2</FONT></P>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</DIV>

<!--$$/page=-->
<A name="page_4"></A><BR>
<a name="_bclPageBorder4"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Visit </FONT><U><FONT style="FONT-SIZE: 10pt" color=#0000ff face="Times New Roman">uscellular.com </FONT></U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">for comprehensive financial information, including earnings releases, quarterly and annual filings, shareholder information and more.</FONT></P>
<P style="TEXT-ALIGN: left"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: </FONT></I><FONT style="FONT-SIZE: 10pt" face="Times New Roman">All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the company&#146;s plans, beliefs, estimates, and expectations. These statements are based on current estimates, projections, and assumptions, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Important factors that may affect these forward-looking statements include, but are not limited to: the ability of the company to successfully manage and grow its markets; the economy; competition; the state and federal telecommunications regulatory environment; the value of assets and investments; adverse changes in the ratings afforded our debt securities by accredited ratings organizations; industry consolidation; advances in telecommunications technology; uncertainty of access to the capital markets; pending and future litigation; changes in income tax rates, laws, regulations or rulings; acquisitions/divestitures of properties and/or licenses; changes in customer growth rates, average monthly revenue per unit, churn rates, roaming revenue and terms, the availability of handset devices, or the mix of products and services offered by the company; and the ability to obtain or maintain roaming arrangements with other carriers. Investors are encouraged to consider these and other risks and uncertainties that are discussed in the Form 8-K used by U.S. Cellular to furnish this press release to the SEC, which are incorporated by reference herein.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="FONT-SIZE: 10pt">3</FONT></P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT style="FONT-SIZE: 9pt"></FONT>&nbsp;</DIV>


<A name="page_5"></A><BR>
<a name="_bclPageBorder5"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0>
<TR>
     <TD width="36%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=2 colSpan=20 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">United States Cellular Corporation&nbsp;Corporation</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Summary Operating Data (Unaudited)</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR>
     <TD colSpan=20><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Quarter Ended</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3/31/2011</FONT></B></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">12/31/2010</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">9/30/2010</FONT></B></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6/30/2010</FONT></B></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3/31/2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total population</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Consolidated markets </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(1)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">91,090,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">90,468,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">90,468,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">90,468,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">90,468,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Consolidated operating markets </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(1)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46,774,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46,546,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46,546,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46,546,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46,546,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Market penetration at end of period</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Consolidated markets </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6.6</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6.7</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6.7</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6.8</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6.8</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Consolidated operating markets </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">12.9</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">13.0</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">13.1</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">13.2</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">13.2</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">All customers</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total at end of period</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,033,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,072,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,103,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,144,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,147,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Gross additions</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">293,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">327,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">338,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">349,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">358,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net additions (losses)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(39,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(31,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(41,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(3,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="Times New Roman">Smartphones sold as a percent of</FONT><FONT face="Times New Roman"> total devices sold </FONT></FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(3)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">42.5</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">39.6</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">23.6</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">15.8</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">16.6</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Retail customers</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total at end of period</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,698,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,729,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,750,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,775,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,768,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Smartphone penetration </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(3) </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(4)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">20.2</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">16.6</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">12.0</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">10.1</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8.9</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Gross additions</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">256,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">292,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">301,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">307,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">305,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net retail additions (losses) </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(5)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(31,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(21,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(25,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">24,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net postpaid additions (losses)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(22,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(10,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(25,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(22,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(9,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net prepaid additions (losses)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(9,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(11,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#151;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">29,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">33,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Service revenue components (000s)</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Retail service</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">864,602</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">864,905</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">865,766</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">863,836</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">865,039</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Inbound roaming</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">64,386</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">67,545</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">72,901</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">60,902</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">51,942</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">56,125</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">59,464</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">44,836</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">47,838</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">48,027</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total service revenues (000s)</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">985,113</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">991,914</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">983,503</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">972,576</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">965,008</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total ARPU </FONT></B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><B><FONT face="Times New Roman">(6)</FONT></B></FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">54.29</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">54.37</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">53.53</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">52.71</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">52.41</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Billed&nbsp;ARPU </FONT></B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><B><FONT face="Times New Roman">(7)</FONT></B></FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">47.65</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">47.41</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">47.12</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46.81</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46.98</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Postpaid ARPU </FONT></B></FONT></B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><B><FONT face="Times New Roman">(8)</FONT></B></FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">51.21</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">50.99</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">50.82</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">50.55</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">50.70</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Postpaid&nbsp;churn rate <FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><B><FONT face="Times New Roman">(9)</FONT></B></FONT></FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1.4</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1.5</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1.6</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1.4</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1.4</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Capital expenditures (000s)</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">95,900</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">203,400</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">124,700</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">133,500</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">121,500</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cell sites in service</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7,663</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7,645</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7,524</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7,416</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7,310</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<HR align=left color=#000000 SIZE=1 width="30%">
<P style="MARGIN: 0px"></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(1)</FONT><FONT lang=EN-US><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;&nbsp;</FONT></FONT><FONT lang=EN-US>Used only to calculate market penetration of consolidated markets and consolidated operating markets, respectively.&nbsp; See footnote (2) below. </FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(2)</FONT><FONT lang=EN-US>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US>Market Penetration is calculated by dividing the number of wireless customers at the end of the period by the total population of consolidated markets and consolidated operating markets, respectively, as estimated by Claritas.</FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(3)</FONT><FONT lang=EN-US>&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US>Smartphones represent wireless devices which run on a Blackberry, Windows Mobile, or Android operating system.</FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(4)</FONT><FONT lang=EN-US>&nbsp;&nbsp;&nbsp;&nbsp;Smartphone penetration is calculated by dividing postpaid customers on smartphone service plans by total postpaid customers.</FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(5)</FONT><FONT lang=EN-US>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US>Includes net postpaid additions (losses) and net prepaid additions (losses).</FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(6)</FONT><FONT lang=EN-US>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US>Total ARPU - Average monthly service revenue per customer includes retail service, inbound roaming and other service revenues and is calculated by dividing total service revenues by the number of months in the period and by the average total customers during the period.&nbsp;&nbsp;</FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(7)</FONT><FONT lang=EN-US>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US>Billed ARPU - Average monthly billed revenue per customer is calculated by dividing total retail service revenues by the number of months in the period and by the average total customers during the period.&nbsp;Retail service revenues include revenues attributable to postpaid, prepaid and reseller customers. </FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(8)</FONT><FONT lang=EN-US>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US>Postpaid ARPU - Average monthly revenue per postpaid customer is calculated by dividing total retail service revenues from postpaid customers by the number of months in the period and by the average postpaid customers during the period.&nbsp;&nbsp;</FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><FONT lang=EN-US>(9)</FONT><FONT lang=EN-US>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US>Represents the percentage of the retail postpaid customer base that disconnects service each month.&nbsp;This amount represents the average postpaid churn rate for each respective quarterly period. </FONT></FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in" align=center><FONT style="FONT-SIZE: 10pt">4</FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in">&nbsp;</P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=-->
<A name="page_7"></A><BR>
<a name="_bclPageBorder7"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0>
<TR>
     <TD width="47%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=3 colSpan=15 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">United States Cellular Corporation</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Consolidated Statement of Operations Highlights</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Three Months Ended March 31,</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom>
     <TD colSpan=15 align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Unaudited, dollars and shares in thousands, except per share amounts)</FONT></TD></TR>
<TR>
     <TD colSpan=15><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=6 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Increase (Decrease)</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2011</FONT></B></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2010</FONT></B></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Amount</FONT></B></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Percent</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Operating revenues</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Service</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">985,113</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">965,008</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">20,105</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Equipment sales</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">71,979</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">58,849</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">13,130</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">22</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total operating revenues</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,057,092</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,023,857</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">33,235</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Operating expenses</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="Times New Roman">System operations (excluding Depreciation,</FONT><FONT face="Times New Roman"> amortization and accretion reported below)</FONT></FONT></P>
</TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">217,603</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">207,114</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">10,489</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cost of equipment sold</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">194,360</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">161,105</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">33,255</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">21</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Selling, general and administrative</FONT></P>
</TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">442,004</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">429,605</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">12,399</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Depreciation, amortization and accretion</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">145,045</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">143,233</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,812</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Loss on asset disposals, net</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,037</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,176</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(4,139</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(80</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 8px" align=left>
<P style="MARGIN-LEFT: 0.4in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total operating expenses</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,000,049</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">946,233</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">53,816</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR>
     <TD colSpan=15><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Operating income</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">57,043</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">77,624</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(20,581</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(27</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR>
     <TD colSpan=15><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Investment and other income (expense)</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Equity in earnings of unconsolidated entities</FONT></P>
</TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">20,891</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">24,694</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(3,803</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(15</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Interest and dividend income</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">849</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,021</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(172</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(17</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Interest expense</FONT></P>
</TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(15,186</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(16,524</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,338</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other, net</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(125</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(65</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(60</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(92</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left>
<P style="MARGIN-LEFT: 0.4in"><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="Times New Roman">Total investment and other income</FONT><FONT face="Times New Roman"> (expense)</FONT></FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,429</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">9,126</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2,697</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(30</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR>
     <TD colSpan=15><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Income before income taxes</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">63,472</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">86,750</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(23,278</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(27</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Income tax expense</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">24,092</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">33,662</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(9,570</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(28</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=15><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net income</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">39,380</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">53,088</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(13,708</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(26</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="Times New Roman">Less: Net income attributable to noncontrolling</FONT><FONT face="Times New Roman"> interests, net of tax</FONT></FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(5,269</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(5,719</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">450</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><FONT face="Times New Roman">Net income attributable to U.S. Cellular</FONT><FONT face="Times New Roman"> shareholders</FONT></FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">34,111</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">47,369</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(13,258</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(28</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=15><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Basic weighted average shares outstanding</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">85,484</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">86,576</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(1,092</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(1</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0px" align=left><B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><FONT face="Times New Roman">Basic earnings per share attributable to</FONT><FONT face="Times New Roman"> U.S. Cellular shareholders</FONT></FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">0.40</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">0.55</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(0.15</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(27</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR>
     <TD colSpan=15><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Diluted weighted average shares outstanding</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">86,101</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">86,978</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(877</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(1</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0px" align=left>
<P><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Diluted ea</FONT></B><B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><FONT face="Times New Roman">nings per share attributable to</FONT><FONT face="Times New Roman"> U.S. Cellular shareholders</FONT></FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">0.40</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">0.54</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(0.14</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(26</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%)</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0px" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5</FONT></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT face="Times New Roman"></FONT>&nbsp;</DIV>


<A name="page_8"></A><BR>
<a name="_bclPageBorder8"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0>
<TR>
     <TD width="64%"></TD>
     <TD width="2%"></TD>
     <TD width="15%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=2 colSpan=6 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">United States Cellular Corporation</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Consolidated Balance Sheet Highlights</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Unaudited, dollars in thousands)</FONT></TD></TR>
<TR>
     <TD colSpan=6><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">ASSETS</FONT></B></TD></TR>
<TR>
     <TD colSpan=6><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=2 align=left><BR>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" rowSpan=2 colSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">March 31,</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><FONT face="Times New Roman">201</FONT><FONT face="Times New Roman">1</FONT></FONT></B></TD>
     <TD rowSpan=2 align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" rowSpan=2 colSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">December 31,</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2010</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Current assets</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash and cash equivalents</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">421,294</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">294,426</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Short-term investments</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">121,252</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">146,586</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accounts receivable from customers and others</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp; </FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">405,563</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">424,019</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Inventory</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">108,818</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">112,279</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Prepaid income taxes</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">4,910</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">41,397</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Prepaid expenses</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">62,709</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">53,356</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net deferred income tax asset</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">26,757</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">26,757</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other current assets</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">10,282</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">10,804</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,161,585</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,109,624</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=6><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Investments</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Licenses</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,452,401</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,452,101</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Goodwill</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">494,737</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">494,737</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Customer lists</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">648</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">759</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Investments in unconsolidated entities</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">171,485</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">160,847</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Notes and interest receivable &#150; long-term</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">4,033</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">4,070</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Long-term investments</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">35,737</FONT></TD>
     <TD align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46,033</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2,159,041</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2,158,547</FONT></TD></TR>
<TR>
     <TD colSpan=6><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Property, plant and equipment</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">In service and under construction</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,465,667</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6,382,581</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Less: accumulated depreciation</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3,898,393</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3,767,509</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2,567,274</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2,615,072</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=6><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other assets and deferred charges</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">74,028</FONT></TD>
     <TD align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">50,367</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=6><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total assets</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,961,928</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,933,610</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0px" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">6</FONT></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT face="Times New Roman"></FONT>&nbsp;</DIV>


<A name="page_9"></A><BR>
<a name="_bclPageBorder9"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0>
<TR>
     <TD width="65%"></TD>
     <TD width="2%"></TD>
     <TD width="14%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="2%"></TD>
     <TD width="14%"></TD>
     <TD width="1%"></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=2 colSpan=8 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">United States Cellular Corporation</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Consolidated Balance Sheet Highlights</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom>
     <TD colSpan=8 align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Unaudited, dollars in thousands)</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=8 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">LIABILITIES AND SHAREHOLDERS&#146; EQUITY</FONT></B></TD></TR>
<TR>
     <TD colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=2 align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" rowSpan=2 colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">March 31,</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2011</FONT></B></TD>
     <TD rowSpan=2 align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" rowSpan=2 colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">December 31,</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2010</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Current liabilities</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Current portion of long-term debt</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">101</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">101</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accounts payable</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Affiliated</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8,750</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">10,791</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Trade</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">279,657</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">281,601</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Customer deposits and deferred revenues</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">156,673</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">146,428</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accrued taxes</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">36,263</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">39,299</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accrued compensation</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">41,651</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">65,952</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other current liabilities</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">94,696</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">121,823</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">617,791</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">665,995</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Deferred liabilities and credits</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net deferred income tax liability</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">624,884</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">579,769</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other deferred liabilities and credits</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">287,217</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">284,949</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Long-term debt</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">868,102</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">867,941</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Commitments and contingencies</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Noncontrolling interests with mandatory redemption features</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">894</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">855</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Equity</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular shareholders&#146; equity</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Series A Common and Common Shares, par value $1 per share</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">88,074</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">88,074</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Additional paid-in capital</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,374,323</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,368,487</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Treasury shares</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(120,475</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(105,616</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Retained earnings</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2,162,556</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2,129,638</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total U.S. Cellular shareholders&#146; equity</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3,504,478</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3,480,583</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Noncontrolling interests</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">58,562</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">53,518</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total equity</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3,563,040</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3,534,101</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Total liabilities and equity</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,961,928</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,933,610</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0px" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7</FONT></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT face="Times New Roman"></FONT>&nbsp;</DIV>

<!--$$/page=-->
<P>
<A name="page_10"></A></P>
<P align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">United States Cellular Corporation <BR>
</FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Schedule of Cash and Cash Equivalents and Investments<BR>
</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Unaudited, dollars in thousands)</FONT></P>
<a name="_bclPageBorder10"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">The following table presents U.S. Cellular&#146;s cash and cash equivalents and investments at March 31, 2011 and December 31, 2010.</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0>
<TR>
     <TD width="64%"></TD>
     <TD width="2%"></TD>
     <TD width="15%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=2 align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" rowSpan=2 colSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">March 31,</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2011</FONT></B></TD>
     <TD rowSpan=2 align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" rowSpan=2 colSpan=2 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">December 31,</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2010</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR height=20>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></B></TD>
     <TD align=left></TD>
     <TD align=right></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=right></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash and cash equivalents</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">421,294</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">294,426</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Amounts included in short-term investments (1)(2)</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Government-backed securities (3)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">121,002</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">146,336</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Certificates of deposit</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">250</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">250</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">121,252</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">146,586</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Amounts included in long-term investments (1)(4)</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Government-backed securities (3)</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">35,737</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">46,033</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<HR align=left color=#000000 SIZE=1 width="30%">
<P style="MARGIN: 0px"></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(1)&nbsp;&nbsp;&nbsp; Designated as held-to-maturity investments and recorded at amortized cost on the Consolidated Balance Sheet. </FONT></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2)&nbsp;&nbsp;&nbsp; Maturities are less than twelve months from the respective balance sheet dates.</FONT></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(3)&nbsp;&nbsp;&nbsp; Includes U.S. treasuries and corporate notes guaranteed under the Federal Deposit Insurance Corporation&#146;s Temporary Liquidity Guarantee Program.</FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(4)&nbsp;&nbsp;&nbsp; At March 31, 2011, maturities range between 14 and 21 months from the balance sheet date.</FONT></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0px" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8</FONT></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT face="Times New Roman"></FONT>&nbsp;</DIV>

<!--$$/page=-->
<A name="page_11"></A><BR>
<a name="_bclPageBorder11"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0>
<TR>
     <TD width="72%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="2%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=3 colSpan=8 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">United States Cellular Corporation</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Consolidated Statement of Cash Flows</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Three Months Ended March 31,</FONT></B></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom>
     <TD colSpan=8 align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Unaudited, dollars in thousands)</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2011</FONT></B></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash flows from operating activities</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net income</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">39,380</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">53,088</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left>
<P style="TEXT-INDENT: 0in; MARGIN-LEFT: 0.25in"><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="Times New Roman">Add (deduct) adjustments to reconcile net income to net </FONT><FONT face="Times New Roman">cash flows from operating activities</FONT></FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Depreciation, amortization and accretion</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">145,045</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">143,233</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Bad debts expense</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">13,507</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">19,193</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Stock-based compensation expense</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,792</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3,830</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Deferred income taxes, net</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">44,413</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2,419</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Equity in earnings of unconsolidated entities</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(20,891</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(24,694</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Distributions from unconsolidated entities</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8,323</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7,238</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Loss on asset disposals, net</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,037</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,176</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other operating activities</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,064</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">274</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Changes in assets and liabilities from operations</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accounts receivable</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">4,950</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,313</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Inventory</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3,461</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(722</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accounts payable - trade</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2,244</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(39,375</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accounts payable - affiliate</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2,041</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(5,843</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Customer deposits and deferred revenues</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">10,245</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">403</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accrued taxes</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">11,174</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">30,723</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accrued interest</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">9,205</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">9,221</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other assets and liabilities</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(70,598</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(48,387</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">201,822</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">152,252</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash flows from investing activities</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Additions to property, plant and equipment</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(95,933</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(121,514</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash paid for acquisitions and licenses</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#151;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(3,800</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash paid for investments</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#151;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(25,000</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash received for investments</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">35,000</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">126</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other investing activities</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2,200</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">230</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(58,733</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(149,958</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash flows from financing activities</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Common shares reissued for benefit plans, net of tax payments</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,305</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">486</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Common shares repurchased</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(17,357</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(5,186</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Distributions to noncontrolling interests</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(186</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2,284</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other financing activities</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">17</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(63</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(16,221</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD>
     <TD align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(7,047</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net increase (decrease) in cash and cash equivalents</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">126,868</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(4,753</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash and cash equivalents</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Beginning of period</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">294,426</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">294,411</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">End of period</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">421,294</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">289,658</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0px" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">9</FONT></P>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"><FONT face="Times New Roman"></FONT>&nbsp;</DIV>


<A name="page_12"></A><BR>
<a name="_bclPageBorder12"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<DIV align=left>
<TABLE style="WIDTH: 100%" border=0 cellSpacing=0>
<TR>
     <TD width="63%"></TD>
     <TD width="2%"></TD>
     <TD width="15%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="2%"></TD>
     <TD width="15%"></TD>
     <TD width="1%"></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=3 colSpan=8 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">United States Cellular Corporation</FONT></B><BR>
<B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Financial Measures and Reconciliations</FONT></B><BR>
<FONT style="FONT-SIZE: 10pt" face="Times New Roman"><B>Three Months Ended March 31,</B></FONT></TD></TR>
<TR vAlign=bottom></TR>
<TR height=20></TR>
<TR vAlign=bottom>
     <TD colSpan=8 align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Unaudited, dollars in thousands)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="TEXT-INDENT: 37px" colSpan=7 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0px" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><FONT face="Times New Roman">201</FONT><FONT face="Times New Roman">1</FONT></FONT></B></TD>
     <TD align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0px" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Service revenues</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">985,113</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">965,008</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Operating income</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">57,043</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">77,624</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Add:</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Depreciation, amortization and accretion</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">145,045</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">143,233</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Loss on impairment of intangible assets</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#151;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&#151;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Loss on asset disposals</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1,037</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">5,176</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.6in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Adjusted OIBDA (1)</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">203,125</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">226,033</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.6in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Adjusted OIBDA margin (2)</FONT></B></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">20.6</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">23.4</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">%</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #ffffff" colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #ffffff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 0px" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2011</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #ffffff" align=center></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 0px" colSpan=3 align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2010</FONT></B></TD></TR>
<TR>
     <TD colSpan=8><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.2in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash flows from operating activities</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">201,822</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">152,252</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.2in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Deduct:</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 0.4in" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Capital expenditures</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">95,933</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">121,514</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 0.6in" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Free cash flow (3)</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">105,889</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
     <TD align=left></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">30,738</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0px"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<HR align=left color=#000000 SIZE=1 width="30%">
<P style="MARGIN: 0px"></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(1)&nbsp;&nbsp; Adjusted OIBDA is defined as operating income excluding the effects of: depreciation, amortization, and accretion (OIBDA); the net gain or loss on asset disposals (if any); and the loss on impairment of assets (if any). This measure also may be commonly referred to by management as operating cash flow. This measure should not be confused with cash flows from operating activities, which is a component of the consolidated statement of cash flows. Adjusted OIBDA excludes the net gain or loss on asset disposals and loss on impairment of assets, if any, in order to show operating results on a more comparable basis from period to period. U.S. Cellular does not intend to imply that any of such amounts that are excluded are non-recurring, infrequent or unusual, and accordingly, they may be incurred in the future.</FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(2)&nbsp;&nbsp; Adjusted OIBDA margin is defined as adjusted OIBDA divided by service revenues.&nbsp; Equipment revenues are excluded from the denominator of the calculation since equipment is generally sold at a net loss, and such net loss is included in adjusted OIBDA as a cost of earning service revenues for purposes of assessing business results.&nbsp; U.S. Cellular believes that this calculation method is consistent with the method used by certain investors to assess U.S. Cellular&#146;s business results. </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Adjusted OIBDA margin may also be commonly referred to by management as operating cash flow margin.</FONT></P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(3)&nbsp;&nbsp; Free cash flow is defined as cash flows from operating activities minus capital expenditures. Free cash flow is a non-GAAP financial measure. U.S. Cellular believes that free cash flow as reported by U.S. Cellular is useful to investors and other users of its financial information in evaluating the amount of cash generated by business operations, after consideration of capital expenditures.</FONT></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN-LEFT: 0.25in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">10</FONT></P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit992.htm
<DESCRIPTION>EX-99.2
<TEXT>

<HTML>
<HEAD>
   <TITLE>exhibit992.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<A name="page_1"></A>
<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader1"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman">Exhibit 99.2</FONT></B></P>
<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman">PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</FONT></I></B></P>
<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman">SAFE HARBOR CAUTIONARY STATEMENT</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">This Form 8-K and/or press release attached to this Form 8-K contain statements that are not based on historical facts and represent forward-looking statements, as this term is defined in the Private Securities Litigation Reform Act of 1995.&nbsp; All statements, other than statements of historical facts, that address activities, events or developments that United States Cellular Corporation (&#147;U.S. Cellular&#148;) intends, expects, projects, believes, estimates, plans or anticipates will or may occur in the future are forward-looking statements.&nbsp; The words &#147;believes,&#148; &#147;anticipates,&#148; &#147;estimates,&#148; &#147;expects,&#148; &#147;plans,&#148; &#147;intends,&#148; &#147;projects&#148; and similar expressions are intended to identify these forward-looking statements, but are not the exclusive means of identifying them. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be significantly different from any future results, events or developments expressed or implied by such forward-looking statements.&nbsp; Such risks, uncertainties and other factors include those set forth below, as more fully discussed under &#147;Risk Factors&#148; in the most recent filing of U.S. Cellular&#146;s Form 10-K, as updated by any U.S. Cellular Form 10-Q filed subsequent to such Form 10-K.&nbsp; However, such factors are not necessarily all of the important factors that could cause actual results, performance or achievements to differ materially from those expressed in, or implied by, the forward-looking statements contained in this document.&nbsp; Other unknown or unpredictable factors also could have material adverse effects on future results, performance or achievements.&nbsp; U.S. Cellular undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.&nbsp;&nbsp; You should carefully consider the Risk Factors in the most recent filing of U.S. Cellular&#146;s Form 10-K, as updated by any U.S. Cellular Form 10-Q filed subsequent to such Form 10-K, the following factors and other information contained in, or incorporated by reference into, this Form 8-K and/or press release attached to this Form 8-K to understand the material risks relating to U.S. Cellular&#146;s business.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Intense competition in the markets in which U.S. Cellular operates could adversely affect U.S. Cellular&#146;s revenues or increase its costs to compete.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.5in">&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">A failure by U.S. Cellular to successfully execute its business strategy or allocate resources or capital could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in">&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">A failure by U.S.&nbsp;Cellular&#146;s service offerings to meet customer expectations could limit U.S.&nbsp;Cellular&#146;s ability to attract and retain customers and could have an adverse effect on U.S.&nbsp;Cellular&#146;s operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S.&nbsp;Cellular&#146;s system infrastructure may not be capable of supporting changes in technologies and services expected by customers, which could result in lost customers and revenues.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">An inability to obtain or maintain roaming arrangements with other carriers on terms that are acceptable to U.S.&nbsp;Cellular could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations. </FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S. Cellular currently receives a significant amount of roaming revenues.&nbsp; As a result of acquisitions by other companies in the wireless industry, U.S. Cellular roaming revenues have declined significantly from amounts earned in certain prior years.&nbsp; Further industry consolidation and continued build outs by other wireless carriers could cause roaming revenues to decline even more, which would have an adverse effect on U.S. Cellular&#146;s business, financial condition and results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">A failure by U.S.&nbsp;Cellular to obtain access to adequate radio spectrum to meet current or anticipated future needs and/or to accurately predict future needs for radio spectrum could have an adverse effect on U.S.&nbsp;Cellular&#146;s business and operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">To the extent conducted by the FCC, U.S. Cellular is likely to participate in FCC auctions of additional spectrum in the future as an applicant or as a non-controlling partner in another auction applicant and, during certain periods, will be subject to the FCC&#146;s anti-collusion rules, which could have an adverse effect on U.S.&nbsp;Cellular.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Changes in the regulatory environment or a failure by U.S.&nbsp;Cellular to timely or fully comply with any applicable regulatory requirements could adversely affect U.S.&nbsp;Cellular&#146;s financial condition, results of operations or ability to do business.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Changes in USF funding and/or intercarrier compensation could have a material adverse impact on U.S. Cellular&#146;s financial position or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">An inability to attract and/or retain highly competent management, technical, sales and other personnel could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S.&nbsp;Cellular&#146;s assets are concentrated in the U.S.&nbsp;wireless telecommunications industry. As a result, its results of operations may fluctuate based on factors related entirely to conditions in this industry.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<a name="_bclFooter1"></a><DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
</DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_2"></A>
<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader2"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The completion of acquisitions by other companies has led to increased consolidation in the wireless telecommunications industry.&nbsp; U.S. Cellular&#146;s lower scale relative to larger wireless carriers has in the past and could in the future prevent or delay its access to new products including wireless devices, new technology and/or new content and applications which could adversely affect U.S. Cellular&#146;s ability to attract and retain customers and, as a result, could adversely affect its business, financial condition or results of operations.&nbsp;&nbsp;&nbsp; </FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S. Cellular&#146;s inability to manage its supply chain or inventory successfully could have an adverse effect on its business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Changes in general economic and business conditions, both nationally and in the markets in which U.S.&nbsp;Cellular operates, could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Changes in various business factors could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations. </FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Advances or changes in telecommunications technology, such as Voice over Internet Protocol (&#147;VoIP&#148;), High-Speed Packet Access (&#147;HSPA&#148;), WiMAX or Long-Term Evolution (&#147;LTE&#148;), could render certain technologies used by U.S.&nbsp;Cellular obsolete, could put U.S. Cellular at a competitive disadvantage, could reduce U.S.&nbsp;Cellular&#146;s revenues or could increase its costs of doing business.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Complexities associated with deploying new technologies,&nbsp;such as U.S. Cellular's planned upgrade to LTE technology,&nbsp;present substantial risk.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S. Cellular could incur higher than anticipated intercarrier compensation costs.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S. Cellular is subject to numerous surcharges and fees from federal, state and local governments, and the applicability and the amount of these fees are subject to great uncertainty.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Changes in U.S.&nbsp;Cellular&#146;s enterprise value, changes in the market supply or demand for wireless licenses, adverse developments in the business or the industry in which U.S.&nbsp;Cellular is involved and/or other factors could require U.S.&nbsp;Cellular to recognize impairments in the carrying value of its license costs, goodwill and/or physical assets.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Costs, integration problems or other factors associated with developing and enhancing business support systems, acquisitions/divestitures of properties or licenses and/or expansion of U.S.&nbsp;Cellular&#146;s business could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">A significant portion of U.S.&nbsp;Cellular&#146;s revenues is derived from customers who buy services through independent agents who market U.S.&nbsp;Cellular&#146;s services on a commission basis. If U.S.&nbsp;Cellular&#146;s relationships with these agents are seriously harmed, its business, financial condition or results of operations could be adversely affected.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S.&nbsp;Cellular&#146;s investments in technologies which are unproven may not produce the benefits that U.S.&nbsp;Cellular expects.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">A failure by U.S.&nbsp;Cellular to complete significant network construction and systems implementation activities as part of its plans to improve the quality, coverage, capabilities and capacity of its network and support systems could have an adverse effect on its operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Financial difficulties (including bankruptcy proceedings) or other operational difficulties of any of U.S.&nbsp;Cellular&#146;s key suppliers or vendors, termination or impairment of U.S.&nbsp;Cellular&#146;s relationships with such suppliers or vendors, or a failure by U.S. Cellular to manage its supply chain effectively could result in delays or termination of U.S.&nbsp;Cellular&#146;s receipt of required equipment or services, or could result in excess quantities of required equipment or services, any of which could adversely affect U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S.&nbsp;Cellular has significant investments in entities that it does not control.&nbsp; Losses in the value of such investments could have an adverse effect on U.S.&nbsp;Cellular&#146;s financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">A failure by U.S. Cellular to maintain flexible and capable telecommunication networks or information technology, or a material disruption thereof, including breaches of network or information technology security, could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Wars, conflicts, hostilities and/or terrorist attacks or equipment failures, power outages, natural disasters or other events could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The market price of U.S.&nbsp;Cellular&#146;s Common Shares is subject to fluctuations due to a variety of factors.</FONT></I></P>
<a name="_bclFooter2"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
</DIV></DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name=page_3></A>
<a name="_bclPageBorder3"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader3"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Identification of errors in financial information or disclosures could require amendments to or restatements of financial information or disclosures included in this or prior filings with the SEC. Such amendments or restatements and related matters, including resulting delays in filing periodic reports with the SEC, could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The existence of material weaknesses in the effectiveness of internal control over financial reporting could result in inaccurate financial statements or other disclosures or failure to prevent fraud, which could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Changes in facts or circumstances, including new or additional information that affects the calculation of potential liabilities for contingent obligations under guarantees, indemnities, claims, litigation or otherwise, could require U.S.&nbsp;Cellular to record charges in excess of amounts accrued in the financial statements, if any, which could have an adverse effect on U.S.&nbsp;Cellular&#146;s financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Disruption in credit or other financial markets, a deterioration of U.S. or global economic conditions or other events, could, among other things, impede U.S. Cellular&#146;s access to or increase the cost of financing its operating and investment activities and/or result in reduced revenues and lower operating income and cash flows, which would have an adverse effect on U.S. Cellular&#146;s financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.5in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Uncertainty of access to capital for telecommunications companies, deterioration in the capital markets, other changes in market conditions, changes in U.S.&nbsp;Cellular&#146;s credit ratings or other factors could limit or restrict the availability of financing on terms and prices acceptable to U.S.&nbsp;Cellular, which could require U.S.&nbsp;Cellular to reduce its construction, development or acquisition programs.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Settlements, judgments, restraints on its current or future manner of doing business and/or legal costs resulting from pending and future litigation could have an adverse effect on U.S.&nbsp;Cellular&#146;s financial condition, results of operations or ability to do business.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.5in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The possible development of adverse precedent in litigation or conclusions in professional studies to the effect that radio frequency emissions from wireless devices and/or cell sites cause harmful health consequences, including cancer or tumors, or may interfere with various electronic medical devices such as pacemakers, could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.5in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Claims of infringement of intellectual property and proprietary rights of others, primarily involving patent infringement claims, could prevent U.S. Cellular from using necessary technology to provide services or subject U.S. Cellular to expensive intellectual property litigation or monetary penalties, which could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.5in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">There are potential conflicts of interests between Telephone and Data Systems, Inc. (&#147;TDS&#148;), the parent of U.S. Cellular, and U.S. Cellular.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.5in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Certain matters, such as control by TDS and provisions in the U.S.&nbsp;Cellular Restated Certificate of Incorporation, may serve to discourage or make more difficult a change in control of U.S.&nbsp;Cellular.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Any of the foregoing events or other events could cause customer net additions, revenues, operating income, capital expenditures and/or any other financial or statistical information to vary from U.S.&nbsp;Cellular&#146;s forward-looking estimates by a material amount.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">U.S. Cellular undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.&nbsp; Readers should evaluate any statements in light of these important factors.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<HR align=center color=#000000 SIZE=3 width="100%" noShade>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>exhibit991x1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 exhibit991x1x1.jpg
M_]C_X``02D9)1@`!`0'_____``#_[@`.061O8F4`9``````!_]L`0P`0"PP.
M#`H0#@T.$A$0$Q@H&A@6%A@Q(R4=*#HS/3PY,S@W0$A<3D!$5T4W.%!M45=?
M8F=H9SY-<7EP9'A<96=C_]L`0P$1$A(8%1@O&AHO8T(X0F-C8V-C8V-C8V-C
M8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C_\``$0@`
MD`*>`P$B``(1`0,1`?_$`!\```$%`0$!`0$!```````````!`@,$!08'"`D*
M"__$`+40``(!`P,"!`,%!00$```!?0$"`P`$$042(3%!!A-180<B<10R@9&A
M""-"L<$54M'P)#-B<H()"A87&!D:)28G*"DJ-#4V-S@Y.D-$149'2$E*4U15
M5E=865IC9&5F9VAI:G-T=79W>'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>H
MJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KAXN/DY>;GZ.GJ\?+S]/7V
M]_CY^O_$`!\!``,!`0$!`0$!`0$````````!`@,$!08'"`D*"__$`+41``(!
M`@0$`P0'!00$``$"=P`!`@,1!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P
M%6)RT0H6)#3A)?$7&!D:)B<H*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E
M9F=H:6IS='5V=WAY>H*#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6V
MM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_:``P#
M`0`"$0,1`#\`]`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`***BN)EM[>69\[8T+G`R<`9Z=Z`):*JZ?>Q:C:+<P
M;A&^0`ZX(P2#_*K5`;!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!15'4;V:TC#064
M]TW/$>`!]<\_D#_CA#Q'=O+LGGM-.).-D\$I8?4D`?K_`/6I0;V)<DCJJQX;
MA=9O7DAG86-FP`*G"S2#G.0>57TZ$^P&<^Z?4[N"&TMK];Q;M@)+F",!(4'W
M@2#U.>Y'3'&:N0:1J%E:I#;:R(8(QPIM$P!^GUS5<J745VWL;@``P!@"EKD;
MKQ#<6CE(M6T^\D'1!`^6Z\`J2,_Y^NKHVK7FH/BXTV6!,9$N?E/X$`_EFDX-
M*X*:O8V:*R-3UU-+D"W-K<;7)V,I0@@8R>N>_?\`_5=@N9)H'E:UFCQ@JA*$
MOP.F#^'.*SOK8TY7:Y:HJE:WLEQ.\9M)HO+;:Y=DP#M!QP3ZBHCJAEGFAL;:
M6Z:!MLK`JJAO[N3U/T_/U+A9FE15#3M32^EGA\J:&>`_O(Y0`1G..G!Z?R]:
MNLP4$L<`#))Z"FM0::W'45E0ZTE[*XT^WFNDCX:5<*F>.,L02<>GK4EGK$%U
M=R692>&ZC!+12IS@=P1D$<C\Z;BT3S(T:*2L[6=7CTB..6>&9XW8+NCV\'DX
MY([`T)7T0-VW-*BL2\\116=G;W4MM<&&X561EV'J,XQGTSG^?IK6TPN+>.90
M0)%#`'MD9H::!-,EHHK&UC7DT=T\^VG9&)VNI7#8Z]3GO0DV[(&TM6;-%-4[
M@&!.",TZD,****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"HKDQ
M+`[S[3$JEG##(P.<G\JEK%\6SF#09P#\TI6(#L<D9_3-.*N[";LKG.Z=9VCV
MESKE\\MDC2X@2V;RS@'[HQ[_`"_\!)X[+>7%UJRQ7NJVUU%I'\*0'.!CAF]1
M[X^GO)HNGMK4MN'S_9EE&(P",>:V`6X]SR3Z8'?CM`BA-H``QC&!6TI6?F91
MC=%'2K73$MUFTR.'RW'$B#)/U)YS]:T*R)=+:PN6O=+(B#<SVW1)!ZC^ZWZ5
M=T[4+?4H#/:NS1AMARI'(^OUK&7J:Q3ML<[XYR#98Y&V3\/N5T]I_P`>D/7&
MQ?PX%<]XTLYYX;>6-&>.,LK[1DKG;@X';Y:NV'B#3#8Q%[Q$8(H*-P0<`8`[
MUG>TG<V:O!6+UG_Q]7_7_CX'_HI*Y*WU&]\.74]K-"LD<DK.0^1O_P!H'W`'
MK^?7H+/5;87S(WFJU]+O@#1D;E"*N?894_ASTJ"QU6QU"PCM]7,:7*J/.BNE
M"9.#DX(^O3D4/U!76ZT+.D7]CJ5S)=0%EN3&J21N>0H+$=."/F//TJGXVNGA
MTA(4SBXD"-_N@$X_053MA9Z3K$VH0.YTQ8]GF8+#>Q^ZIZL.,YYYXZUL>)-+
MDU33!%#@S1N)$W'&>Q&?H3^..E73>NIG5C9:"^%X5A\.V00??3>>,9+<_P!:
ML7-M"E^NI.XC,$#H[;>JG!SGVP?SK/\`#VHP0:=%87LBVUW;CRVCE.TG'0C/
M48QT_P`*BOK]];DGL-,+/`;:59)MO[LN0`HW?G^??%:-/F9FFN5#[#5M0UB&
M[N+%(88H25B69&9I#C/.",=1TSU_/&UO5UUGPW!,4\N1+L*ZYXSL8Y'X'\/7
MO4GA[^SK=;FTUA8[>Y$I8"X;9E<`<'@'D'\^_-'B0V"Z1"MA"D(-RK@!=N\!
M6&X+U(R<9QSGCL:T22E9(S;;C<;XB_Y%+1O98_\`T56A=:K>Z79:7Y/D/%.(
MX\/&V5^49Y!_I_\`6R]=N8)O#.D10S1R2QK'O1'!9<1]QU]*L:X5ET'2;F(B
M6*V9/-9,-L^4=<=/_P!5%MD^X7U;78U/$NKWFD)'-`;=DD8KMDC;((!.<AAG
MIZ5E>-W:;3M.E/#NCL0.V5%'C.^@O;&V^RR^:BR$M(HRHRIP,]S_`"[^\'BF
MZM[C3--2"9)62)@RHVXK\@Z^G0_D:4(VL$WOJ=#+>Z@^K1:?:0+%#Y0=[EXR
MZ_0<@>W6H+36[K_A(I-)N!%*.52:-2OS!=W(R>V?Q'Y9=S>"?Q)%'J%RXTT@
M&-0Q\I_E&,XZ_-GD]^*BCDM[;QG#<JOV>S)PC%-B[?+V@@8Z$C^7M1R*VO8?
M/^9I-K.K?VS<::GV5VC4[9%A;DA`W3<?7'7_``K5T"]N[_3_`#KV`PRABN-A
M7</4`\]\?A6%:7$#>.;B=9D:*0820$;6)10`#WZ5U5O<Q7*&2!RZCCICGKW^
MM1-65K%0=WN34445F:!1110`4444`%%%%`!1110`4444`%%%%`!1110`4UNA
MY(X[4ZD/^10!S5[=7NFWC7B323V,4WE30GYBH*@@@^N3^>!WK6D9)[FUDAGD
M,4RE_D<X8``@BFVCPW#7L++O660_(RX#KM4'K^(_`U0TVQN]-U86IS)8G?)`
MW783U4^_.??D^M3L:Z/U+VOM)#I4]Q%+(DD2Y4JV,<C\_P`:BAC$UG9J;JZC
MN;F+>'64G!V@DX/'X8[U+X@);1[B)%=Y)%PBHI8DY'I52R2SMH;&Z\IXY8X=
MCB.W8LV57(P!SR!0]Q+X34M$E-A;I=E_/\M1)AOXL#/(]ZRM'N&$^I6M[<2L
M]JY^9G.?+/3]!G/7G\]>PG>YM$FDC:,ODA&&"HSQD>N,5DZC82G7X9HDS#=0
MF"X/8`<\_4#%#Z,2ZID6ER3QZQ+;WL\Y#6ZW$:M(<(#D,IYYQG`_W?7KL:?$
MR6Z/(9?,D7<RN[-MSSCGIC./?%9VLV,SZKI]U;KN.7AE]E93R?8?-^.*VP,>
M_O0D$G>S1A-?0'6;NUU&YDA5-BP+O,:L"H).1CG)/Y<=ZU+&":"*2.6X:9=Y
M,3L<L$(&`3CG!SZ\8JG<&UNYI+?4K-R8V(C?R6(93C!#`<'MU'-+H-HUE%<1
M)Y@M3)N@$@PP4@9XZCG/!H6XW\)JUF:\6CTUY8Y)(W5D`*.5ZN`>AYK3K,U\
M-)ICQ)'([NR$!(V;HX)Z>U.6Q,/B17:26'Q';06DTDL,D;-<(SEPG]TY.<<]
MO\C8D42(4)8#OM)4_F*Q-2@:&XL+W3X94590)EAC*DQG&<J!DCCT_I6RTBB$
M28<+P>$)/Y8S20Y=+&+I3+-I-@;F>X::Y9E#K.P)(W'/7T6M73H9H+*.*XD>
M21"P+L<EQDX)_#!K'TF""&QL9)[66.ZMRS$_96+8.X8R%]&K7L+B6Y@:66)X
MOWC!5==K;0<`G/KUH0Y]2H5)\1"/?+Y1MS)L,C8W!QSC_(K5'2LEW*>(//,4
MQB6V,9<0L?FW@XX'/%6/MDDM];Q0PSB([C+(\14#C@<CKG^5"8FF[$'B/,>F
MM-&\B2!T4%)"O!<`]#Z4EQ`D\TD=E+,L\)CD)6=MK98DJ1G'0'\Z7Q$CSZ88
M(XI)7=T.U4)X#J3R.!Q_*F2E;5;RYTZUF,\L0"QK;E1O7=@G(']X?E0]QJ]M
M#9K#U&^EM?$%BQ.+5MUNW7[S8/\`1?UK:=@BEB&(']T9-8&K64M_IDKXG$YF
M\R.,+T(X';KM[YQDT2VT%!:ZG0$_7KV%8-S>0KKEQ;ZJ62%E06^6(3&/F)QW
MSQGMCM6K8SR3VT9GCDBFV@R*RXP>^.Q'6J\Y6=KBWO[-I("V(F6/>&7:/3)!
MSGTZ4/5"CH[,L:?$T-HJ&=IQN8H[,6)4L2O)ZX!`S61J@5/$NG(TCI!*LAD7
MS&"M\IZ]NO\`GUO:'8R6%M+$2ZQ&9FA1CDJA['\<G_Z^:K7\,DOB&QG^SR/!
M"LBR-LR.0<=N:'L5'23+5I;HU\EY;2/Y)CDC9#*64G<`"`3C^%N:TJSXY'CG
M@M[>"183([2.4VJ`0QP/^!$5?IHABT444Q!1110`4444`%%%%`!1110`4444
M`%%%%`!6)XIL+G4=/@AM45G$ZDAN@&""3[<__KK;I,<YIIV=Q-75BOI]I'86
M,-M'G;&N,GJ3W)]R<FK-%%(8G6@`#IQ2T4`(1FDV(&W;1GUQ3J*`$VC.<<CH
M?2C:#U&<'/-+10`F`:`,`#TI:*`&NBNNUU##T(S2X%+10`UE5NHS_2EI:*`$
MHI:*`$"@``=!1CI[4M%`"8HQ2T4`(1GU].M+110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`"4M%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`$4MQ!!CSIHX\G`WL!DU'_:-D>EY;_P#?U?\`&K-%
M,16_M"R_Y_+?_OZO^-']H67_`#^6_P#W\7_'VJS11H&I6.H60_Y>X/\`OX*/
M[0LO^?N#_OX/\]ZLT4:!J5O[0LO^?N#_`+^#_/<4G]I6//\`I</'^V*M44:!
MJ5O[0LQG_2HN.?OBE^W6O_/Q'_WU5BBC0-2O]MM?^>\?Y_Y]11]NM<9\^/'U
MJQ12#4K_`&VV_P">Z?G_`)]*/MMM_P`]T_.K%%/0-2O]NM?^>Z?G1]NM?^>Z
M?G5BBC0-2M]NM?\`GNGKUI3?6PSF9./>K%%&@:E<WML.LRTOVRW_`.>@].AJ
M>BC09#]JA_O_`*&C[3%_>/\`WR:FHH$0_:8O5O\`OD_Y[4?:8AW;_O@_X>U3
M44AD(NHCT+?]\-_A2?:HO5_^^&_P]Q4]%`$'VN+&?GQC/^K;_"E-S&,YW\#)
M_=MQ^E344Q$/VA/23_OVW^%+YZ>DG_?MO\*EHI#(O/0=I/\`OVW^%'GIZ2?]
M^V_PJ6B@"+[0G]V3_OTW^%)]H3^[+_WZ;_"IJ*8$/VA/[LO_`'Z;_"E\]/23
M_OVW^%2T4@(O.3TD_P"_;?X4OG+Z/_WPW^%244`1><GI)_W[;_"CST])/^_;
M?X5+10!%YZ>DG_?MO\*//3TD_P"_;?X5+10!%YZ>DG_?MO\`"CSD])/^_;?X
M5+10!%YR>DG_`'[;_"E\Y?1_^_;?X5)10(C\Y?1_^^&_PH\Y?1_^_;?X5)10
M,B\]/23_`+]M_A1YZ>DG_?MO\*EHI@1>>GI)_P!^V_PH\Y/23_OVW^%2T4`1
M"9#VD_[]M_A2^:N<8?/^X?\`"I**0$?G)G&'S_N'_"CSD]'_`.^&_P`*DHH`
MB\],XP^?]QO\*//3T?\`[]M_A4M%`$0G0]G_`._;?X4?:$YX?C_IFW^%2T4`
M1?:(_P#;]/N-_A0)T/0.?^V;?X5+10!&)D+8&[/^X?\`"GTM%`!1110`E+11
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
A44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
