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Common Share Repurchases
 6 Months Ended
Jun. 30, 2013
Disclosure Text Block  
Common Share Repurchases

10. Common Share Repurchases

 

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

 

Share repurchases made under this authorization were as follows:

 

  Six Months Ended
  June 30,
  2013 2012
(Dollars and shares in thousands, except cost per share)     
Number of shares  496   -
Average cost per share$ 37.16 $ -
Total cost$ 18,425 $ -