Exhibit 99.2

    For Release: Immediate

                TELEPHONE AND DATA SYSTEMS REPORTS ACQUISITION OF 
                           EIGHT BROADBAND PCS LICENSES

          March 14, 1995, Chicago, Illinois - Telephone and Data Systems, Inc.
    (AMEX symbol "TDS" ) announced  that on March 13,  1995, its  wholly owned
    subsidiary, American  Portable Telecommunications,  Inc. ("APT"),  was the
    successful  bidder for  eight broadband  Personal Communications  Services
    ("PCS") licenses  at an  auction conducted by  the Federal  Communications
    Commission  ("FCC").  The eight  30 MHz  PCS licenses will,  when granted,
    authorize the Company  to provide two-way voice  and data services  on new
    wireless, digital networks.  TDS's licenses cover the Major Trading  Areas
    ("MTAs") of  Minneapolis-St. Paul, Tampa-St. Petersburg-Orlando,  Houston,
    Pittsburgh, Kansas City, Columbus, Alaska and Guam-N. Mariana Islands, and
    account for 27.9 million 1994 population equivalents ("pops").

          LeRoy  T.  Carlson,  Jr.,  President  and  Chief Executive  Officer,
    commented,  "We  congratulate the  FCC  on  successfully  conducting these
    auctions, which are the  critical first step towards the deployment of new
    and innovative  wireless services  for  the American  people.   The  FCC's
    accomplishments  are especially  remarkable  because of  the unprecedented
    scope and complexity  of the auction software  which was developed."   Mr.
    Carlson also  commented, "We are  very pleased  to be able  to acquire PCS
    licenses,  at an  average  cost  of  $10.35  per  pop, that  will  expand,
    strengthen,  and  enhance  the  value  of  our  rapidly  growing  wireless
    telecommunications operations.  We look forward to continuing our cellular
    and paging strategies in existing markets while building and marketing PCS
    systems and  services in  new markets.   We plan that  by the  turn of the
    century, our cellular and  PCS networks will offer wireless communications
    services to a total population of more than 50 million people."

          Rudolph  E. Hornacek, President  of APT, commented, "Our  success in
    this  auction will allow TDS to continue its  strong position in providing
    wireless services.  Each of the six  large MTAs we are acquiring  enhances
    one or more  existing cellular market clusters.   The new PCS  frequencies
    and  technologies will  also enable  the development  of new  and exciting
    wireless services." 

          APT s  successful bid  commitment  totalled $289.2  million  for the
    eight  licenses, or  $10.35 per  1994 pop.   As  required  by FCC  auction
    procedures, the  Company will  make a 20%  down payment  (less its initial
    $20.4  million deposit)  on the  licenses within  five business  days, and
    complete the  payment five business  days after  the FCC  has granted  the
    licenses.  TDS anticipates that construction, development and introduction
    of PCS networks and services in these new markets may involve expenditures
    of $400 million to $500 million or  more over the next five years.  TDS is
    considering a variety of  financing options that appropriately balance the
    interests of its shareholders and debtholders.

          TDS is  a Chicago-based telecommunications company  with established
    cellular  telephone, local  telephone and  radio  paging operations.   TDS
    strives  to  build  value  for  its  shareholders  by  providing excellent
    communications  services in  attractive, closely  related segments  of the
    telecommunications industry.



                                        7

    
          Wednesday, March 15, 1995, at 10:00 a.m. Central Standard Time,  TDS
    will hold a news  conference by phone to discuss the PCS  auction results.
    The news conference  is available by calling (800) 683-1535.   For further
    information,  please  contact  Murray  L.  Swanson,  TDS's Executive  Vice
    President-Finance,  or  Rudolph   E.  Hornacek,  TDS's  Vice  President  -
    Engineering and President  of APT, at (312) 630-1900.   Out-of-town media,
    please call collect.




    MTA #/Market Name                   1994 Pops*              Bid Amount

    #12 Minneapolis-St. Paul            6,195,618            $  36,600,012

    #13 Tampa-St. Petersburg-Orlando    5,837,770               89,786,837

    #14 Houston                         5,694,943               83,888,837

    #21 Pittsburgh                      4,142,558               31,665,837

    #34 Kansas City                     2,998,487               23,611,837

    #38 Columbus                        2,255,000               22,176,837

    #49 Alaska                            610,438                1,321,837**

    #50 Guam-N. Mariana Islands           204,100                  141,837
                                       ----------              ----------- 
    TOTALS                             27,938,914             $289,193,871
                                       ==========              ===========

    *    Based on 1994 Donnelley Marketing Services estimates.
    **  Total amount includes a portion of a previous withdrawn bid.






                                        8