telephone data systems 2000ar

This document is the 2000 Annual Report for Telephone and Data Systems, Inc. (TDS). In 2000, TDS saw consolidated operating revenues grow 10% and operating cash flow increase 13%. However, net income from continuing operations declined 50% due to substantial gains in 1999. TDS's two main business units - U.S. Cellular and TDS Telecom - both experienced strong growth. U.S. Cellular added nearly half a million new customers and surpassed 3 million customers total. TDS Telecom grew revenues at both its incumbent and competitive local exchange carriers. The report discusses leadership changes and strategic priorities to continue growing customer focus and network capabilities across TDS's telecommunications businesses.