TABLE OF CONTENTS COMPANY OVERVIEW AND KEY FACTS --Mergers and Acquisitions – Deal reports DIVESTMENTS --Divestments – Overview --Divestments – Deal reports APPENDIX --About Datamonitor Financial Deals Database --Deal Definition and Methodology --About Datamonitor --Datamonitor Professional Services Knowledge Center LIST OF TABLES --Telephone & Data Systems activity by deal type – volume (2011 -YTD2015) --Telephone & Data Systems legal advisor ranking by value ($m) --Telephone & Data Systems divestments volume and value trend (2011-YTD2015) --Telephone & Data Systems divestments activity by geography (2011-YTD2015) LIST OF FIGURES --Telephone & Data Systems activity by deal type - volume (2011-YTD2015) --Telephone & Data Systems divestments volume and value trend (2011-YTD2015) --Telephone & Data Systems divestments by geography (2011-YTD2015)

Telephone & Data Systems, Inc.