Item 2.02.Results of Operations and Financial Condition On January 24, 2006, United States Cellular Corporation ("U.S. Cellular") issued a news release announcing certain information relating to its earnings for the third quarter of 2005 and restated results of operations for certain prior periods, and certain other information. A copy of the news release is attached hereto as Exhibit 99.1 and incorporated by reference herein. The information in this Item 2.02 of Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Item 3.01(a).Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 26, 2006, The American Stock Exchange ("AMEX") granted U.S. Cellular an extension to regain compliance with the AMEX listing standards until February 28, 2006. As previously disclosed, on November 15, 2005, U.S. Cellular received a notice from the staff of the AMEX indicating that U.S. Cellular was not in compliance with Sections 134, 1003(d) and 1101 of the AMEX Company Guide as a result of the failure to file its quarterly report on Form 10-Q for the quarter ended September 30, 2005 on a timely basis. Pursuant to such letter, on November 30, 2005, U.S. Cellular submitted a plan to the AMEX to bring it into compliance with the AMEX Company Guide by no later than January 17, 2006. On December 16, 2005, U.S. Cellular received a letter from the AMEX stating that the AMEX had approved such plan and that the listing of the U.S. Cellular Common Shares and U.S. Cellular Special Common Shares will continue pursuant to an extension until January 17, 2006. On January 12, 2006, U.S. Cellular requested a further extension until January 31, 2006, which was granted by the AMEX on January 13, 2006. On January 27, 2006, U.S. Cellular issued a joint press release, together with its parent company, Telephone and Data Systems, Inc., disclosing that the AMEX granted U.S. Cellular an extension until February 28, 2006 to regain compliance with the AMEX listing standards. A copy of such press release is attached hereto as Exhibit 99.2 and incorporated by reference herein. Item 8.01.Other Matters. The press release attached as Exhibit 99.1 disclosed that the restatements and failure to file U.S. Cellular's Form 10-Q for the quarter ended September 30, 2005 resulted in defaults under a revolving credit agreement between U.S. Cellular and certain lenders and under certain forward contracts between a subsidiary of U.S. Cellular and a counterparty, and that U.S. Cellular had previously obtained waivers of these defaults subject to the condition that U.S. Cellular file its restatements and quarterly report on Form 10-Q by January 31, 2006. Also as noted in such press release, U.S. Cellular announced that the restatements and quarterly report on Form 10-Q would not be filed by January 31, 2006 and that, accordingly, U.S. Cellular would request extensions of these waivers from lenders and the counterparty. The information in this Item 8.01 is being filed to disclose that, effective January 30, 2006, U.S. Cellular has received extensions of such waivers from such lenders and counterparty until February 28, 2006. On January 27, 2006, U.S. Cellular issued a joint press release, together with its parent company, Telephone and Data Systems, Inc., disclosing that U.S. Cellular has received extensions of such waivers from such lenders and counterparty until February 28, 2006. A copy of such press release is attached hereto as Exhibit 99.2 and incorporated by reference herein.
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