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BRIEF-Telephone and Data Systems says FCC announced U.S. Cellular was winning bidder for 188 600 Mhz spectrum licenses

April 20 Telephone And Data Systems Inc

* Telephone and Data Systems - on April 13, FCC announced U.S. Cellular was winning bidder for 188 600 Mhz spectrum licenses for aggregate purchase price of $329 million

* Telephone and Data Systems Inc says at inception of auction process in June 2016, U.S. Cellular made an upfront payment to FCC of $143 million

* Telephone and Data Systems Inc says U.S. Cellular is required to pay remainder of purchase price of $186 million to FCC by May 11, 2017

* Telephone and Data Systems - U.S. Cellular currently expects to make such payment using cash on hand and/or borrowings under its revolving credit agreement Source text for Eikon: (bit.ly/2pFUcAR) Further company coverage:

我们的标准: 汤森路透“信任原则

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