<SEC-DOCUMENT>0000821130-11-000029.txt : 20110627
<SEC-HEADER>0000821130-11-000029.hdr.sgml : 20110627
<ACCEPTANCE-DATETIME>20110627103453
ACCESSION NUMBER:		0000821130-11-000029
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20110622
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110627
DATE AS OF CHANGE:		20110627

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:		11932079

	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>form8-k.htm
<DESCRIPTION>8-K
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FORM 8-K</FONT></B></H4>

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<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><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Washington, D.C. 20549</FONT></B></P>

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<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>

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<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><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></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">Date of Report (Date of earliest event reported):&nbsp; June 22</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">2011&nbsp;</FONT></P>

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<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>

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   <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>

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   <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>

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   <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>

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   <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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Registrant&#8217;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>

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<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>

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<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>

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   <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>

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   <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>

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   <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>

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   <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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">Item 5.02.&nbsp; </FONT><U><FONT lang=EN-US face="Times New Roman">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</FONT></U><FONT lang=EN-US face="Times New Roman">. &nbsp;</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">The following information is being provided pursuant to paragraph (e) of Item 5.02 of Form 8-K:</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">As of June 22, 2011, the United States Cellular Corporation (&#8220;U.S. Cellular&#8221;) 2011 Executive Officer Annual Incentive Plan Effective January 1, 2011 (&#8220;Executive Incentive Plan&#8221;) was approved by both U.S. Cellular&#8217;s Chairman and by U.S. Cellular&#8217;s President and Chief Executive Officer. Such officers do not participate in such plan.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">The purposes of the Executive Incentive Plan are: to provide incentive for the officers of U.S. Cellular to extend their best efforts toward achieving superior results in relation to key business measures; to reward U.S. Cellular&#8217;s executive officers in relation to their success in meeting and exceeding the performance targets; and to help U.S. Cellular attract and retain talented executives in positions of critical importance to the success of U.S. Cellular. Eligible participants in the Executive Incentive Plan are executive vice presidents of U.S. Cellular. Each participant&#8217;s target incentive is expressed as a percentage of base salary.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">The Executive Incentive Plan and other officer bonus plans of U.S. Cellular are discretionary in nature and are based, in part, on company performance, individual performance, and individual bonus targets, which contribute to the formation and size of an aggregate bonus pool for all U.S. Cellular officers.</FONT><FONT lang=EN-US face="Times New Roman">&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">This&nbsp;officer bonus pool is determined by taking&nbsp;each officer&#8217;s target annual bonus payout (calculated as a percentage of the officer&#8217;s annual base salary) multiplied by the&nbsp;company / regional performance percentage attainment number achieved under the applicable officer bonus plan.&nbsp; The U.S. Cellular President and CEO will consider the performance factors (see below) and any other information he/she deems relevant in determining the amount available under the bonus pool.&nbsp;&nbsp;This pool and payouts are not vested until the bonus payout date.</FONT><FONT lang=EN-US face="Times New Roman">&nbsp; </FONT><FONT lang=EN-US face="Times New Roman">To the extent and only to the extent that any bonus is paid for a performance year, such bonus shall be deemed to have been earned on December 31 of that performance year.&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">The President and CEO determines the actual payout that each officer will receive and is not bound to adhere to any guideline.&nbsp; However, the sum of all participants&#8217; actual awards cannot deviate from the officer bonus pool by +&nbsp;/- 18% for 2011.&nbsp; The Chairman must approve all officer bonuses prior to payout.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">The following financial&nbsp;performance measures will be considered in evaluating the achievements of the executive officer team for the purposes of the Executive Incentive Plan:&nbsp; Customer Addition Equivalents; Customer Defections (Postpay Customer Disconnects); Consolidated Service Revenue; Cash Costs per Average Customer Equivalent; and Consolidated Cash Flow.&nbsp; The financial performance measures which are equally weighted comprise 70% of the total target bonus opportunity.&nbsp; This portion of the bonus is subject to negative discretion by the Chairman.&nbsp; The remaining 30% of the total target bonus opportunity is based on the overall company performance of U.S. Cellular as determined by the Chairman and is 100% discretionary.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">It is anticipated that bonuses will be paid during the period commencing on January 1, 2012 and ending on March 15, 2012.&nbsp; Unless otherwise determined by U.S. Cellular&#8217;s Executive Vice President and Chief Human Resources Officer, no bonus shall be paid unless an officer remains employed through the bonus payout date.&nbsp; However, an officer who separates due to retirement or death is eligible for a pro-rated bonus.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">Any compensation earned or paid pursuant to the Executive Incentive Plan is subject to forfeiture, recovery by U.S. Cellular, or other action pursuant to any clawback or recoupment policy which U.S. Cellular may adopt from time to time, including without limitation any such policy which U.S. Cellular may be required to adopt under the Dodd-Frank Wall Street Reform and Consumer Protection Act and implementing rules and regulations thereunder, or&nbsp;as otherwise required by law.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman">The foregoing description of the Executive Incentive Plan is not purported to be complete with respect to the material terms of such plan and is qualified by reference to the complete Executive Incentive Plan for the material terms of such plan, which is filed herewith as Exhibit 10.1 and incorporated by reference herein.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="text-underline: none" color=black face="Times New Roman"><FONT style="mso-spacerun: yes"><FONT style="FONT-STYLE: normal; FONT-WEIGHT: normal; TEXT-DECORATION: none" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;</FONT></FONT></FONT></P></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">As noted above, the President and Chief Executive Officer of U.S. Cellular does not participate in the Executive Incentive Plan.&nbsp; U.S. Cellular has established guidelines for awarding bonuses to the President and CEO.&nbsp; These guidelines were previously filed by U.S. Cellular as Exhibit 10.2 to U.S. Cellular&#8217;s Form 8-K dated November 18, 2009.</FONT></P>

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<P style="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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits:</FONT></P>

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<P style="TEXT-ALIGN: justify; 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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Attached as Exhibit 99.1 is a safe harbor cautionary statement under the Private Securities Litigation Reform Act of 1995.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">SIGNATURES</FONT></P>

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<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>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=#000000 face="Times New Roman">United States Cellular Corporation</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(Registrant)</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">June 27, 2011</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">/s/ Steven T. Campbell</FONT></P></TD></TR>

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   <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" face="Times New Roman">Executive Vice President &#8211; Finance,</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer and Treasurer</FONT></P></TD></TR>

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<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>

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<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>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" color=#000000>Exhibit</FONT></B></P><FONT style="FONT-SIZE: 10pt"><FONT style="FONT-FAMILY: times new roman"></FONT></FONT>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" color=#000000>No.</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" color=#000000>Description</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" lang=EN-US>10.1</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" lang=EN-US>United States Cellular Corporation 2011 Executive Officer Annual Incentive Plan Effective January 1, 2011</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US></FONT></P><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" lang=EN-US>99.1</FONT></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US></FONT></P><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" lang=EN-US>Private Securities Litigation Reform Act of 1995 Safe Harbor Cautionary Statement</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -0.75in; MARGIN: 0in 0in 6pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></P>

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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-FAMILY: arial narrow" lang=EN-US><STRONG><FONT style="FONT-SIZE: 10pt">Exhibit 10.1</FONT></STRONG></FONT></P>

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<IMG border=0 align=right src="usm.jpg"></FONT></P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow"></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">UNITED STATES CELLULAR CORPORATION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">2011 EXECUTIVE OFFICER ANNUAL INCENTIVE PLAN</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">Effective January 1, 2011</FONT></B></P>

<H5 style="TEXT-INDENT: 0in; MARGIN: 12pt 0in 3pt; BACKGROUND: navy"><B><FONT style="FONT-STYLE: normal; COLOR: #ffffff; FONT-SIZE: 12pt" face="Arial Narrow">I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PURPOSE</FONT></B></H5>

<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Wingdings>&#216;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">To provide incentive for the officers of U.S. Cellular to extend their best efforts towards achieving superior results in relation to key business measures;</FONT></P>

<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Wingdings>&#216;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">To reward U.S. Cellular executive officers in relation to their success in meeting and exceeding performance targets; and</FONT></P>

<P style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Wingdings>&#216;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">To help U.S. Cellular attract and retain talented executives in positions of critical importance to the success of the company.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt; BACKGROUND: navy"><B><FONT style="COLOR: #ffffff; FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">II.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="COLOR: #ffffff"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">ELIGIBLE PARTICIPANTS AND TARGETS</FONT></B></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">Executive Vice Presidents are eligible to participate in this Plan.&nbsp; Each participant&#8217;s target incentive is expressed as a percentage of his/her base salary (which percentage shall be approved by the Chairman).</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Arial Narrow"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt; BACKGROUND: navy"><B><FONT style="COLOR: #ffffff; FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">III.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BONUS POOL</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">The officer bonus plans of U.S. Cellular are discretionary in nature, and are based in part, on company performance, individual performance, and individual bonus targets, which contribute to the formation and size of an aggregate bonus pool for all U.S. Cellular officers.&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">This&nbsp;officer bonus pool is determined by taking&nbsp;each officer&#8217;s target annual bonus payout (calculated as a percentage of the officer&#8217;s base salary) multiplied by the&nbsp;company / regional performance&nbsp;percentage attainment number achieved under the applicable officers bonus plan.&nbsp; The President and CEO will consider the performance factors</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow"> (See Performance Measures in Section IV below)</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow"> and any other information he/she deems relevant in determining the amount available under the bonus pool.&nbsp;&nbsp;</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">This pool and payouts are not vested until the bonus payout date</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">.&nbsp;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">To the extent and only to the extent that any bonus is paid for a performance year, such bonus shall be deemed to have been earned on December 31 of that performance year.&nbsp;</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow"> (See Attachment I - Administrative Guidelines).</FONT></B></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">The President and CEO determines the actual payout that each officer will receive</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow"> and is not bound to adhere to any guideline</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">.&nbsp; </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">However, the sum of all participants&#8217; actual awards cannot deviate from the officer bonus pool by +</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=blue face="Arial Narrow">&nbsp;</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Arial Narrow">/-1</FONT></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">8% for the plan year.&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">&nbsp;&nbsp;</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow"> The Chairman must approve all officer bonuses prior to payout. &nbsp;</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt; BACKGROUND: navy"><B><FONT style="COLOR: #ffffff; FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">IV.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PERFORMANCE MEASURES</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">The following performance measures, using weights and definitions as approved by the Chairman, will be considered in evaluating the achievements of the officer team for the purposes of this Plan.&nbsp; &nbsp;Payouts based on each of these measures will be evaluated using the 2011 Executive Officer Annual Incentive Plan Matrices approved by the Chairman.&nbsp; </FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; * Customer Defections</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; * Consolidated Service Revenues</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; * Cash Costs Per Average Customer Equivalent</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Company Performance</FONT></U></B></P></TD></TR>

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<P style="MARGIN: 0in 0in 0pt; BACKGROUND: navy"><B><FONT style="COLOR: #ffffff; FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">V.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MISCELLANEOUS PROVISIONS</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">Management reserves the right to amend or discontinue the Plan at any time, with or without notice.&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">There are no oral agreements or understandings between USCC and the participants affecting or relating to this Plan not referenced herein.&nbsp; If the participant fails to adhere to the ethical and legal standards as referenced by USCC policy, USCC shall have the right to revoke this program, reduce or eliminate compensation as it applies to the violator, or any other remedy as provided by corporate policy or law.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">Any compensation earned or paid pursuant to this Plan is subject to forfeiture, recovery by USCC or other action pursuant to any clawback or recoupment policy which USCC may adopt from time to time, including without limitation any such policy which USCC may be required to adopt under the Dodd-Frank Wall Street Reform and Consumer Protection Act and implementing rules and regulations there under, or&nbsp;as otherwise required by law.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Arial Narrow">This program shall not be construed as an employment contract or as a promise of continuing employment between USCC and the associate.&nbsp; Employment with USCC is terminable at will, i.e., either the participant or USCC may terminate the relationship at any time, with or without cause.&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">________________________________________&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ______________________</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">President and CEO&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">________________________________________&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ______________________</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">Chairman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Arial Narrow">Attachment I</FONT></B></P>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">PLAN YEAR EFFECTIVE DATES:</FONT></B></H2></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">January 1, 2011 &#8211; December 31, 2011</FONT></P></TD></TR>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 11pt" color=windowtext face="Arial Narrow">GENERAL ADMINISTRATION:</FONT></B></H3></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">The target annual bonus payout for an associate will be based on the associate&#8217;s base salary as of December 31, 2011. </FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P></TD></TR>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 11pt" color=windowtext face="Arial Narrow">VESTING</FONT></B></H3></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">The bonus does not vest and no bonus shall be paid unless the associate remains employed through the actual bonus payout date.</FONT><FONT style="FONT-SIZE: 12pt" face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Special rules apply to those associates who retire or die before the actual bonus payout date (see below).</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">To the extent and only to the extent that any bonus is paid for the plan year, such bonus shall be deemed to have been earned on December 31, 2011.&nbsp; </FONT></P></TD></TR>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 11pt" color=windowtext face="Arial Narrow">INDIVIDUAL PERFORMANCE</FONT></B></H3></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Any associate who receives a 2011 annual individual performance rating of &#8216;Partially Meets Expectations (PM),&#8217; or &#8216;Fails to Meet Expectations (FM),&#8217; is not eligible for a payout.&nbsp; </FONT></P></TD></TR>

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<H1 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">SEPARATION PRIOR TO PAYOUT VESTING DATE</FONT></B></H1></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Not eligible for a payout unless separation is because of retirement or death (see below), or unless approved by the Executive Vice President and Chief Human Resources Officer.</FONT></P></TD></TR>

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<H1 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">RETIREMENT/DEATH</FONT></U></B><B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"> &nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt; FONT-WEIGHT: normal" face="Arial Narrow">&nbsp;Prior to Payout Vesting Date</FONT></H1></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Payout based on a proration for time worked during the plan year, individual performance, and the plan attainment percentage. </FONT></P></TD></TR>

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<H1 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">LOA (FMLA)</FONT></U></B><B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"> &nbsp;</FONT></B></H1>

<H1 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt; FONT-WEIGHT: normal" face="Arial Narrow">During Plan Year:</FONT></H1>

   <P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">LOA (Non-FMLA)</FONT></U></B></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">During Plan Year:</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Eligible for payout based on individual performance, and the plan attainment percentage. No prorations.</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">&nbsp;&nbsp;</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Eligible for payout based on proration for time worked during the plan year, individual performance and the plan attainment percentage.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD></TR>

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<H1 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">MILITARY LEAVE</FONT></U></B></H1>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">During Plan Year:</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Eligible for payout based on individual performance, and the plan attainment percentage.&nbsp; No prorations.</FONT></P></TD></TR>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 11pt" color=windowtext face="Arial Narrow">TRANSFERS/PROMOTIONS DURING PLAN YEAR</FONT></B></H3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Within/ Between Annual Plans:</FONT></P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Between an Annual Plan and a Quarterly or Monthly Plan:</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT></I></B>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">If an associate is promoted / transferred within or between annual incentive plan(s), no prorations will be made in determining the bonus pool.&nbsp; The pool allocation will be based on the associate&#8217;s plan as of 12/31/11.&nbsp; The actual bonus payout will be approved by the President and CEO and Chairman.&nbsp; It will be based on plan attainment as well as individual performance.</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Prorated payouts from both positions/plans will be determined following the end of the plan year.&nbsp;&nbsp; The following factors will be considered in the determination of the payout: both plans&#8217; attainment percentages, individual performance in each job/plan,&nbsp; the last base salary from each position occupied during the plan year (if applicable), target incentive assigned for each position&#8217;s pay grade, and percentage of time worked in each position/plan during the plan year.</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">NEW HIRES DURING THE PLAN YEAR</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Associates hired during the plan year will be eligible to participate in the Plan on a prorated (percentage of time worked in the year) basis.</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">The associate must have a start date on or before 11/30/11 in order to be eligible to receive a prorated payout.&nbsp; Any associate hired between 12/01/11 and 12/31/11 will not receive a payout from the Plan.&nbsp; </FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">TRANSFERS TO/ FROM TDS DURING THE PLAN YEAR</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">If an associate transfers to/from another TDS business unit, he/she will receive a prorated payout based on the factors listed above.&nbsp; </FONT></P></TD></TR>

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<H3 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 11pt" color=windowtext face="Arial Narrow">BONUS PAYOUT DATE</FONT></B></H3></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Bonuses are to be paid during the period commencing on January 1, 2012 and ending on March 15, 2012.</FONT><B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow"> </FONT></B><B><U><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Historically bonuses have been paid in March on or before March 15<SUP>th </SUP>of the year following the end of the plan year (12/31).</FONT></U></B><B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">&nbsp; </FONT></B><FONT style="FONT-SIZE: 11pt" face="Arial Narrow">Notwithstanding the foregoing, in the event that payment by March 15, 2012 is administratively impracticable and such impracticability was unforeseeable (in each case, such that the payment continues to qualify as a &#8220;short-term deferral&#8221; within the meaning of section 409A of the Internal Revenue Code), payment will be made as soon as administratively practicable after March 15, 2012, but in no event later than December 31, 2012.&nbsp; Payment will be in the form of a lump sum.</FONT></P></TD></TR></TABLE></DIV>

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<H4 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman">Exhibit 99.1</FONT></B></H4>

<H4 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman">PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</FONT></I></B></H4>

<H4 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman">SAFE HARBOR CAUTIONARY STATEMENT</FONT></I></B></H4>

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<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 (&#8220;U.S. Cellular&#8221;) intends, expects, projects, believes, estimates, plans or anticipates will or may occur in the future are forward-looking statements.&nbsp; The words &#8220;believes,&#8221; &#8220;anticipates,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;plans,&#8221; &#8220;intends,&#8221; &#8220;projects&#8221; 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 &#8220;Risk Factors&#8221; in the most recent filing of U.S. Cellular&#8217;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&#8217;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&#8217;s business.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="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">Intense competition in the markets in which U.S. Cellular operates could adversely affect U.S. Cellular&#8217;s revenues or increase its costs to compete.</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">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&#8217;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 failure by U.S.&nbsp;Cellular&#8217;s service offerings to meet customer expectations could limit U.S.&nbsp;Cellular&#8217;s ability to attract and retain customers and could have an adverse effect on U.S.&nbsp;Cellular&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;s business, financial condition or results of operations.</FONT></I></P>

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<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">U.S.&nbsp;Cellular&#8217;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>

<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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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 (&#8220;VoIP&#8221;), High-Speed Packet Access (&#8220;HSPA&#8221;), WiMAX or Long-Term Evolution (&#8220;LTE&#8221;), 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&#8217;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, such as U.S. Cellular&#8217;s planned upgrade to LTE technology, 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&#8217;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&#8217;s business could have an adverse effect on U.S.&nbsp;Cellular&#8217;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&#8217;s revenues is derived from customers who buy services through independent agents who market U.S.&nbsp;Cellular&#8217;s services on a commission basis. If U.S.&nbsp;Cellular&#8217;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&#8217;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&#8217;s key suppliers or vendors, termination or impairment of U.S.&nbsp;Cellular&#8217;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&#8217;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&#8217;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&#8217;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&#8217;s business, financial condition or results of operations.</FONT></I></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<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">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&#8217;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&#8217;s Common Shares is subject to fluctuations due to a variety of factors.</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">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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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&#8217;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. (&#8220;TDS&#8221;), 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&#8217;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>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
