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LeRoy T. Carlson, Jr. President and Chief Executive Officer Morgan Stanley 7th Annual Global Communications Conference September 10, 2002. Safe Harbor.
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LeRoy T. Carlson, Jr. President and Chief Executive Officer Morgan Stanley 7th Annual Global Communications Conference September 10, 2002
Safe Harbor All information set forth in this presentation, 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 these forward-looking statements include, but are not limited to: changes in circumstances or other events relating to the acquisition of Chicago 20MHz, including integration costs or problems or other factors associated with such acquisition; changes in the overall economy; changes in competition in the markets in which TDS operates; advances in telecommunications technology; changes in the telecommuni-cations regulatory environment; changes in the value of investments; changes in the capital markets that could restrict the availability of financing; pending and future litigation; acquisitions/divestitures of properties and/or licenses; changes in customer growth rates, penetration rates, churn rates, roaming rates and the mix of products and services offered in TDS’s markets. Investors are encouraged to consider these and other risks and uncertainties that are discussed in documents filed by TDS with the SEC.
Who We Are • Telephone and Data Systems, Inc. • U.S. Cellular (82% owned) • TDS Telecom (100% owned) - ILEC • TDS Metrocom (100% owned) - CLEC • Proven track record of: • Creating businesses and optimizing operating performance • Increasing value through acquisitions, trades, divestitures and investments
U.S. Cellular • Eighth largest wireless service provider • Total pops - 45 million • Serves 3.9 million customer units • Focused on service • Pervasive distribution... 3,100+ points of presence • Extensive network ... 3,600+ cell sites • Ideally situated in Chicago market with PrimeCo acquisition
U.S. Cellular Strategy • Position as a regional carrier • Differentiate with exceptional customer service • Network quality • Broad distribution • Strategically strengthen regional footprint • Deploy CDMA 1XRTT technology
Strengthening Our Midwest Presence - Chicago Market • Complementary footprint… stronger regional competitor • Synergies ... operating, marketing & technology • Local ownership and experience • Proven strategy … potential for growth
TDS Telecom - ILEC • Rural company status • 706,000 access line equivalents • 118 ILEC sales and service locations • 118,000 Internet service accounts • 176,300 LD (resale) customers • Vertical services
TDS Metrocom - CLEC • Facilities-based startup in S. Wisconsin, N. Illinois and S. Michigan • Targeted selling • Small and medium businesses • “Telephone-intensive” residential • 180,900 access line equivalents ... launched in June 1998 • Focus on one RBOC for provisioning
TDS Telecom Strategy • Grow and protect core ILEC business • Provide strong local presence • Provide high-quality services at competitive prices • Bundle products and grow vertical service penetration • Aggressively grow CLEC business • Grow into carefully chosen mid-size and suburban markets in the Midwest • CLEC to leverage ILEC strengths • Emphasis on facilities-based model
TDS Marketable Securities • Deutsche Telekom (DTE) • Vodafone (VOD) • VeriSign (VRSN)
Excellent Prospects • Sound business strategies • Solid management teams • Balance sheet strength