<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated financial statemetns of Telephone and Data Systems, Inc. as of June 30, 1995, and for the six months then ended, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <CASH> 51,098 <SECURITIES> 3,165 <RECEIVABLES> 101,108 <ALLOWANCES> 3,319 <INVENTORY> 19,235 <CURRENT-ASSETS> 240,012 <PP&E> 3,094,195 <DEPRECIATION> 706,240 <TOTAL-ASSETS> 3,346,110 <CURRENT-LIABILITIES> 387,870 <BONDS> 869,215 <COMMON> 57,778 <PREFERRED-MANDATORY> 1,775 <PREFERRED> 29,537 <OTHER-SE> 1,566,879 <TOTAL-LIABILITY-AND-EQUITY> 3,346,110 <SALES> 0 <TOTAL-REVENUES> 442,066 <CGS> 0 <TOTAL-COSTS> 379,085 <OTHER-EXPENSES> (45,827) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 27,070 <INCOME-PRETAX> 81,738 <INCOME-TAX> 35,965 <INCOME-CONTINUING> 45,773 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 45,773 <EPS-PRIMARY> 0.77 <EPS-DILUTED> 0.77