Exhibit 99.1
FOR RELEASE: IMMEDIATE
Advantage Spectrum is high bidder for 124 licenses in auction 97
CHICAGO – Jan. 30, 2015 -- Advantage Spectrum, LP was the high bidder for 124 licenses in the recent Federal Communications Commission (FCC) AWS-3 spectrum auction (No. 97) that concluded on Jan. 29, 2015. United States Cellular Corporation’s wholly owned subsidiary, USCC Wireless Investment, Inc., is a limited partner in Advantage Spectrum, LP, a Delaware limited partnership. The net license cost for the 124 licenses acquired by Advantage Spectrum amounted to $338.3 million.
Exhibit A contains a list of the licenses.
About U.S. Cellular
United States Cellular Corporation [NYSE: USM] provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to 4.7 million customers in 23 states. The Chicago-based company had 6,500 full- and part-time associates as of Sept. 30, 2014. At the end of the third quarter of 2014, Telephone and Data Systems, Inc. owned 84 percent of U.S. Cellular. For more information about U.S. Cellular, visit uscellular.com.
Visit investors.uscellular.com for comprehensive financial information, including earnings releases, quarterly and annual filings, shareholder information and more.
Contacts
Jane W. McCahon, Vice President, Corporate Relations and Corporate Secretary
(312) 592-5379
jane.mccahon@tdsinc.com
Julie D. Mathews, Manager, Investor Relations
(312) 592-5341
julie.mathews@tdsinc.com
Exhibit A
Market | Market Name | Block | Net $/MHz Pop | Net $ |
BEA001 | Bangor ME | I | $0.30 | $1,611,750 |
BEA001 | Bangor ME | H | $0.35 | $1,875,000 |
BEA002 | Portland ME | H | $0.41 | $3,239,250 |
BEA002 | Portland ME | I | $0.71 | $5,562,750 |
BEA016 | Staunton VA-WV | H | $0.17 | $603,000 |
BEA017 | Roanoke VA-NC-WV | H | $0.76 | $6,710,250 |
BEA019 | Raleigh-Durham-Chapel Hill NC | H | $0.77 | $17,720,250 |
BEA021 | Greenville NC | H | $0.39 | $3,599,250 |
BEA022 | Fayetteville NC | H | $0.31 | $1,757,250 |
BEA025 | Wilmington NC-SC | H | $1.00 | $10,555,500 |
BEA042 | Asheville NC | H | $0.51 | $2,605,500 |
BEA042 | Asheville NC | I | $0.87 | $4,460,250 |
BEA044 | Knoxville TN | H | $2.93 | $32,370,750 |
BEA089 | Monroe LA | I | $0.20 | $660,000 |
BEA093 | Joplin MO-KS-OK | H | $0.57 | $1,608,750 |
BEA093 | Joplin MO-KS-OK | I | $0.61 | $1,715,250 |
BEA094 | Springfield MO | H | $1.44 | $14,199,000 |
BEA098 | Columbia MO | H | $1.18 | $4,779,750 |
BEA102 | Davenport-Moline IA-IL | H | $1.44 | $8,074,500 |
BEA120 | Grand Island NE | H | $2.83 | $8,157,000 |
BEA121 | North Platte NE-CO | H | $2.72 | $1,673,250 |
BEA123 | Topeka KS | H | $0.75 | $3,559,500 |
BEA126 | Western Oklahoma OK | H | $0.13 | $191,250 |
BEA165 | Redding CA-OR | H | $0.23 | $837,000 |
BEA166 | Eugene-Springfield OR-CA | H | $0.47 | $4,035,750 |
BEA168 | Pendleton OR-WA | H | $0.25 | $523,500 |
BEA169 | Richland-Kennewick-Pasco WA | H | $0.51 | $4,047,000 |
BEA169 | Richland-Kennewick-Pasco WA | I | $0.44 | $3,510,750 |
CMA045 | Oklahoma City, OK | G | $3.75 | $44,756,250 |
CMA098 | Davenport-Rock Island, IA-IL | G | $1.79 | $6,501,000 |
CMA131 | Rockford, IL | G | $1.21 | $4,214,250 |
CMA133 | Manchester-Nashua, NH | G | $1.48 | $5,935,500 |
CMA157 | Roanoke, VA | G | $1.33 | $3,356,250 |
CMA191 | Yakima, WA | G | $0.24 | $582,750 |
CMA203 | Lynchburg, VA | G | $0.64 | $1,128,750 |
CMA214 | Richland-Kennewick-Pasco, WA | G | $0.81 | $2,057,250 |
CMA216 | Janesville-Beloit, WI | G | $0.54 | $867,750 |
CMA218 | Wilmington, NC | G | $1.20 | $3,724,500 |
CMA229 | Medford, OR | G | $0.77 | $1,560,000 |
CMA233 | Wichita Falls, TX | G | $0.82 | $1,161,000 |
CMA244 | Kenosha, WI | G | $3.38 | $5,619,750 |
CMA256 | Charlottesville, VA | G | $0.97 | $1,816,500 |
CMA258 | Jacksonville, NC | G | $0.70 | $1,239,000 |
CMA260 | Lawton, OK | G | $3.29 | $4,076,250 |
CMA269 | Cumberland, MD-WV | G | $4.00 | $4,131,750 |
CMA278 | Columbia, MO | G | $2.15 | $3,501,750 |
CMA305 | Alton-Granite City, IL | G | $2.96 | $680,250 |
CMA336 | California 1 - Del Norte | G | $0.23 | $503,250 |
CMA337 | California 2 - Modoc | G | $0.33 | $216,000 |
CMA344 | California 9 - Mendocino | G | $0.47 | $718,500 |
CMA394 | Illinois 1 - Jo Davie | G | $0.22 | $754,500 |
CMA397 | Illinois 4 - Adams | G | $1.02 | $2,152,500 |
CMA412 | Iowa 1 - Mills | G | $2.50 | $1,485,000 |
CMA413 | Iowa 2 - Union | G | $0.54 | $272,250 |
CMA414 | Iowa 3 - Monroe | G | $0.63 | $567,000 |
CMA415 | Iowa 4 - Muscatine | G | $0.80 | $1,208,250 |
CMA416 | Iowa 5 - Jackson | G | $0.33 | $356,250 |
CMA417 | Iowa 6 - Iowa | G | $0.40 | $631,500 |
CMA418 | Iowa 7 - Audubon | G | $0.66 | $357,750 |
CMA420 | Iowa 9 - Ida | G | $1.92 | $1,101,000 |
CMA421 | Iowa 10 - Humboldt | G | $0.66 | $1,262,250 |
CMA422 | Iowa 11 - Hardin | G | $0.50 | $568,500 |
CMA423 | Iowa 12 - Winneshiek | G | $0.66 | $741,000 |
CMA425 | Iowa 14 - Kossuth | G | $0.80 | $801,000 |
CMA426 | Iowa 15 - Dickinson | G | $0.59 | $474,750 |
CMA430 | Kansas 3 - Jewell | G | $0.25 | $117,750 |
CMA431 | Kansas 4 - Marshall | G | $2.05 | $3,017,250 |
CMA435 | Kansas 8 - Ellsworth | G | $0.11 | $144,750 |
CMA436 | Kansas 9 - Morris | G | $1.24 | $694,500 |
CMA437 | Kansas 10 - Franklin | G | $1.44 | $1,685,250 |
CMA441 | Kansas 14 - Reno | G | $0.22 | $386,250 |
CMA442 | Kansas 15 - Elk | G | $0.23 | $351,750 |
CMA467 | Maryland 1 - Garrett | G | $1.14 | $342,000 |
CMA505 | Missouri 2 - Harrison | G | $1.66 | $575,250 |
CMA506 | Missouri 3 - Schuyler | G | $0.66 | $370,500 |
CMA508 | Missouri 5 - Linn | G | $0.86 | $586,500 |
CMA509 | Missouri 6 - Marion | G | $0.75 | $689,250 |
CMA514 | Missouri 11 - Moniteau | G | $0.58 | $966,000 |
CMA518 | Missouri 15 - Stone | G | $0.43 | $630,000 |
CMA519 | Missouri 16 - Laclede | G | $0.42 | $487,500 |
CMA534 | Nebraska 2 - Cherry | G | $2.96 | $788,250 |
CMA535 | Nebraska 3 - Knox | G | $3.07 | $3,411,000 |
CMA536 | Nebraska 4 - Grant | G | $3.66 | $1,172,250 |
CMA548 | New Hampshire 1 - Coos | G | $0.34 | $834,000 |
CMA549 | New Hampshire 2 - Carroll | G | $0.22 | $561,750 |
CMA566 | North Carolina 2 - Yancey | G | $0.17 | $318,750 |
CMA567 | North Carolina 3 - Ashe | G | $0.40 | $732,000 |
CMA568 | North Carolina 4 - Henderson | G | $0.48 | $1,983,750 |
CMA570 | North Carolina 6 - Chatham | G | $0.29 | $599,250 |
CMA572 | North Carolina 8 - Northampton | G | $1.08 | $3,345,750 |
CMA573 | North Carolina 9 - Camden | G | $0.35 | $483,750 |
CMA574 | North Carolina 10 - Harnett | G | $1.40 | $5,683,500 |
CMA575 | North Carolina 11 - Hoke | G | $1.10 | $3,030,750 |
CMA576 | North Carolina 12 - Sampson | G | $0.83 | $1,449,000 |
CMA577 | North Carolina 13 - Greene | G | $0.34 | $942,750 |
CMA578 | North Carolina 14 - Pitt | G | $0.32 | $946,500 |
CMA599 | Oklahoma 4 - Nowata | G | $0.23 | $496,500 |
CMA601 | Oklahoma 6 - Seminole | G | $1.05 | $2,397,000 |
CMA602 | Oklahoma 7 - Beckham | G | $0.46 | $618,000 |
CMA603 | Oklahoma 8 - Jackson | G | $0.43 | $391,500 |
CMA604 | Oklahoma 9 - Garvin | G | $1.21 | $2,709,750 |
CMA605 | Oklahoma 10 - Haskell | G | $2.46 | $2,060,250 |
CMA607 | Oregon 2 - Hood River | G | $0.83 | $707,250 |
CMA608 | Oregon 3 - Umatilla | G | $0.21 | $350,250 |
CMA610 | Oregon 5 - Coos | G | $0.37 | $1,005,750 |
CMA611 | Oregon 6 - Crook | G | $0.60 | $1,554,750 |
CMA632 | South Carolina 8 - Hampton | G | $0.31 | $765,000 |
CMA646 | Tennessee 4 - Hamblen | G | $1.44 | $4,776,750 |
CMA655 | Texas 4 - Briscoe | G | $0.07 | $27,750 |
CMA656 | Texas 5 - Hardeman | G | $0.12 | $91,500 |
CMA680 | Vermont 2 - Addison | G | $0.37 | $885,750 |
CMA682 | Virginia 2 - Tazewell | G | $0.42 | $565,500 |
CMA683 | Virginia 3 - Giles | G | $0.43 | $972,750 |
CMA684 | Virginia 4 - Bedford | G | $0.39 | $768,000 |
CMA685 | Virginia 5 - Bath | G | $0.52 | $328,500 |
CMA687 | Virginia 7 - Buckingham | G | $0.21 | $204,750 |
CMA696 | Washington 4 - Grays Harbor | G | $0.47 | $621,000 |
CMA697 | Washington 5 - Kittitas | G | $0.12 | $186,000 |
CMA698 | Washington 6 - Pacific | G | $0.77 | $1,560,750 |
CMA699 | Washington 7 - Skamania | G | $0.42 | $131,250 |
CMA703 | West Virginia 3 - Monongalia | G | $1.27 | $3,661,500 |
CMA704 | West Virginia 4 - Grant | G | $2.44 | $5,688,750 |
CMA705 | West Virginia 5 - Tucker | G | $4.29 | $5,524,500 |
CMA707 | West Virginia 7 - Raleigh | G | $0.24 | $600,750 |
$338,304,000 |