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OAKWOOD TELEPHONE COMPANY JOINS TDS

 OAKWOOD TELEPHONE COMPANY JOINS TDS
 CHICAGO, July 29 /PRNewswire/ -- LeRoy T. Carlson, chairman of


Telephone and Data Systems, Inc. (TDS), and Keith C. Keck, board president of Oakwood Telephone Co., Oakwood, Ohio, have jointly announced that the shareholders of Oakwood Telephone Co. have approved a merger with TDS. The transaction is subject to approval by the Ohio Public Utilities Commission.
 Located approximately 15 miles south of Defiance, Ohio, Oakwood Telephone Co. currently services approximately 1,000 telephone access lines within its Oakwood local exchange area.
 In Ohio, TDS owns and operates three other local exchange companies, including Continental Telephone Co. next door to Oakwood, as well as provides cellular telephone service in two Ohio rural service area markets.
 Carlson remarked, "We are pleased to be adding to our growing Ohio operations and look forward to continuing to provide top-quality service to our new customers."
 "Dramatic advances in radio, computer and fiber optic technologies are radically changing how we communicate," stated Oakwood Board President Keith Keck. "As a small company, it is becoming increasingly difficult for Oakwood Telephone Co. to actively participate in these communication advances without outside support. TDS operates telephone companies in some 27 other states and is a top cellular and paging company nationally. It is well qualified to bring the latest and best in telecommunications to Oakwood."
 TDS is a diversified Chicago-based telecommunications company with established local telephone operations and developing cellular telephone and radio paging operations nationally. With the completion of this and other pending acquisitions, TDS will operate 91 telephone companies in 29 states and provide service to over 315,000 access lines. United States Cellular, an 82.2 percent owned subsidiary of TDS, is the ninth largest cellular operator in the United States in terms of population equivalents.
 -0- 7/29/92
 /CONTACT: George Dienes, vice president corporate development of TDS, 312-630-1900/
 (TDS) CO: Telephone and Data Systems Inc.; Oakwood Telephone Co. ST: Illinois, Ohio IN: TLS SU:


KD -- NY044 -- 4539 07/29/92 10:57 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
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