What is the timeline for TDS to acquire the remaining 18 percent of U.S. Cellular that TDS does not own?
There is no timeline associated with the potential transaction. TDS has indicated that it may at some point in the future make an offer to acquire the 18 percent of U.S. Cellular common stock that TDS does not currently own, using Special Common Shares. Whether TDS completes such a transaction depends upon market and other conditions, and the company has no set timeline for such a transaction at present. On March 5, 2007, TDS said that the exchange ratio (TDS.S :USM) was not acceptable due to uneconomic terms and that it was no longer considering such a transaction.