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/C O R R E C T I O N -- TELEPHONE AND DATA SYSTEMS/

 /C O R R E C T I O N -- TELEPHONE AND DATA SYSTEMS/
 In NY078 -- Telephone and Data Systems Reports Increases in Customers, Revenues, Earnings and Cash Flows -- moved earlier today, we are informed by a representative of the company that the seventh graf, last sentence, should be "Excluding significant nonrecurring items, net income available to common and earnings per share were approximately $18.0 million and $.47 for the nine months ended Sept. 30, 1992, as compared to $16.8 million and $.51 for the nine months ended Sept. 30, 1991" sted of "...as compared to $15.4 million and $.47 for the nine months ended Sept. 30, 1991" as originally issued.
 The incorrect figures also appeared in the table headed "Net Income Available to Common" in the third, fourth and fifth lines of the 1991 column. The corrected table should read as follows:
 Net Income Available to Common
 Nine Months '92 Compared To Nine Months '91
 (Dollars in millions, except earnings per share amounts)
 1992 1991
 As reported $25.7 $11.9
 Nonrecurring items (estimated net of tax)
 Cumulative effect of accounting change 5.0
 Gain on sales or exchanges of cellular
 interests (net of USM minority share) (6.7) (0.1)
 TDS Telecom directory revenue settlement (1.0)
 Excluding nonrecurring items $18.0 $16.8
 Earnings per share, excluding non-
 recurring items $.47 $.51
 -0- 11/10/92 AA NY078
 (TDS) CO: Telephone and Data Systems, Inc. ST: Illinois IN: TLS SU: ERN


GK -- NY078A -- 9468 11/10/92 17:05 EST
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Publication:PR Newswire
Date:Nov 10, 1992
Words:256
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