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telephone data systems 98ar
This annual report summarizes the financial results and strategic initiatives of Telephone and Data Systems, Inc. (TDS) in 1998. Key highlights include: - TDS achieved 32% growth in operating revenues and 30% growth in operating cash flow in 1998. Earnings per share increased due to gains from the sale of minority cellular interests. - TDS's major business units - U.S. Cellular, TDS Telecom, and Aerial Communications - all experienced substantial growth. U.S. Cellular added its 2 millionth customer in 1998. - TDS is pursuing a strategic plan to spin-off its ownership in Aerial Communications to focus on its core wireless and wireline businesses
