-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CbY4smBJgs29hE/65jB28e2HYoSNRQM9wNdBSJCw1X1lCLOPWoQfIO0jKjJ66ONY Nfnyn0kg1jiVNHhHcNyE2w== 0001051512-00-000056.txt : 20001222 0001051512-00-000056.hdr.sgml : 20001222 ACCESSION NUMBER: 0001051512-00-000056 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001221 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TELEPHONE & DATA SYSTEMS INC /DE/ CENTRAL INDEX KEY: 0001051512 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 362669023 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14157 FILM NUMBER: 792967 BUSINESS ADDRESS: STREET 1: 30 NORTH LASALLE STREET STREET 2: 8401 GREENWAY BLVD CITY: CHICAGO STATE: IL ZIP: 60602 BUSINESS PHONE: 3126301900 MAIL ADDRESS: STREET 1: 30 NORTH LASALLE STREET STREET 2: 8401 GREENWAY BLVD CITY: CHICAGO STATE: IL ZIP: 60602 8-K 1 0001.txt FORM 8-K FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 21, 2000 ----------------- TELEPHONE AND DATA SYSTEMS, INC. -------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-14157 36-2669023 -------- ------- ---------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) No.) 30 North LaSalle Street, Chicago, Illinois 60602 ------------------------------------------ --------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (312) 630-1900 Not Applicable -------------- (Former name or former address, if changed since last report) Item 5. Other Events. ------------- On December 21, 2000, United States Cellular Corporation, an over 80% owned subsidiary of Telephone and Data Systems, Inc., announced that strong customer growth and digital migration will reduce fourth quarter operating cash flow. U.S. Cellular also provided information on fourth quarter 2000 service revenues and operating cash flow as well as certain expectations for 2001. This Current Report on Form 8-K is being filed for the purpose of filing the news release issued by U.S. Cellular relating to such announcement as an exhibit. Item 7. Financial Statements and Exhibits --------------------------------- Exhibits -------- The exhibits accompanying this report are listed in the accompanying Exhibit Index. SIGNATURES 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. Telephone and Data Systems, Inc. (Registrant) Date: December 21, 2000 By: /s/ D. Michael Jack ------------------------ D. Michael Jack Vice President and Controller (Principal Accounting Officer) EXHIBIT INDEX Exhibit Number Description of Exhibit - -------------- ---------------------- 99.1 United States Cellular Corporation news release announcing that strong customer growth and digital migration will reduce fourth quarter operating cash flow, dated December 21, 2000. EX-99 2 0002.txt EXHIBIT 99.1 Exhibit 99.1 Contact: Kenneth R. Meyers, Executive Vice President - Finance, U.S. Cellular (773) 399- 8900 email: kmeyers@uscellular.com Mark A. Steinkrauss, Vice President, Corporate Relations, Telephone and Data Systems, Inc. (312) 592-5348 email: mark.steinkrauss@teldta.com FOR RELEASE: IMMEDIATE STRONG CUSTOMER GROWTH AND DIGITAL MIGRATION WILL REDUCE FOURTH QUARTER OPERATING CASH FLOW AT USM December 21, 2000, Chicago, Illinois - United States Cellular Corporation [AMEX:USM] said today that customer additions continue to exceed plan in the fourth quarter as they did for the first three quarters of the year. Just last week the company announced that it had added its three millionth customer just two years after reaching the two million customer mark. The company now anticipates that net customer additions for 2000 will be approximately 460,000. In addition, the company's digital migration is proceeding more rapidly than anticipated. A large percentage of new customers and many existing customers have elected digital service. Fully 45% of the company's customer base was digital as of November 30, 2000. The company also reported that it has increased spending to support higher customer service levels at its five customer call centers. The company is committed to improving customer service to best in class, to ensure that customer satisfaction will continue to provide U.S. Cellular a competitive edge. The company anticipates that these results will generate significant revenue growth in 2001 and beyond. These results will also inevitably reduce operating cash flow for the current quarter below previous expectations. The company now projects that it will achieve approximately $550 million of operating cash flow for the year on service revenues of approximately $1.5 billion. The company's current expectations for 2001 are as follows: - Net customer additions of approximately 450,000 to 460,000 - Service revenue of approximately $1.7 billion - Operating cash flow in a range of $665 million to $675 million - Capital spending in a range of $425 million to $450 million. U.S. Cellular will hold a teleconference today, December 21, 2000, at 8:00 a.m. Chicago time. Interested parties may listen to the call live over the Internet through TDS's web site listed below, or http://www.videonewswire.com/TDS/122100/, or connect by telephone at 800/540-0559 passcode: TDS. The conference call will be archived on the TDS web site at http://www.teldta.com. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, 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 forward-looking statements include, but are not limited to: general economic and business conditions, both nationally and in the regions in which the company operates; technology changes; competition; changes in business strategy or development plans; acquisitions/divestitures of properties and/or licenses; changes in governmental regulations; availability of future financing; and changes in growth in cellular customers, penetration rates, churn rates and roaming rates. Investors are encouraged to consider these and other risks and uncertainties that are discussed in documents filed by USM with the Securities and Exchange Commission.("SEC"). USM undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. Based in Chicago, U.S. Cellular manages and invests in cellular systems throughout the United States. At September 30, USM managed operational systems serving 144 markets. For more information about USM or TDS, visit the web sites at: TDS: http://www.teldta.com USM: http://www.uscellular.com -----END PRIVACY-ENHANCED MESSAGE-----