Common Share Repurchases

6 Months Ended

Jun. 30, 2013

Disclosure Text Block

Common Share Repurchases

10. Common Share Repurchases

TDS and U.S. Cellular Share Repurchases

Effective August 2, 2013, the Board of Directors of TDS authorized a $250 million stock repurchase program for the purchase of TDS Common Shares from time to time pursuant to open market purchases, block transactions, private purchases or otherwise, depending on market conditions. This authorization does not have an expiration date. In 2012, TDS had a prior share repurchase authorization for $250 million that expired on November 19, 2012.

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 these authorizations were as follows:

Six Months Ended June 30,		Number of Shares	Average Cost Per Share		Amount
(Dollars and shares in thousands, except cost per share)
2013
	TDS Common Shares	-	$	-	$	-
	U.S. Cellular Common Shares	496		37.16		18,425
2012
	TDS Common Shares	-	$	-	$	-
	U.S. Cellular Common Shares	-		-		-