2006 Overview The TDS companies focused on their core business strategies in 2006. U.S. Cellular, TDS’ publicly traded wireless subsidiary, grew its customer base, service revenues, revenues per customer, and profitability, and it continued to strengthen its footprint.  TDS Telecom, TDS’ primarily wireline subsidiary, rapidly increased its share of high-speed data services in its chosen markets, making important progress toward its goal of being the preferred broadband provider.  TDS’ cash flow from operating activities totaled $887.2 million in 2006, compared to $868.2 million in 2005. TDS recently completed a financial restatement.  While this was being completed, our commitment to and focus on our operations remained strong.  TDS and U.S. Cellular continue to review and improve our financial processes and controls and the expertise in our accounting functions.  These initiatives are being guided by chief financial officer Kenneth R. Meyers, who assumed his new duties on January 1, 2007.