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TDS restates years of revenues, shows slight profit drop

Phone and data company TDS, also the corporate parent of U.S. Cellular, said its revenues for the last quarter were $1 billion, an increase over results from last year that it had to restate due to accounting problems.

Net income for the quarter was $41.5 million, down from $43.3 million in the same quarter a year ago.

TDS said in November 2005 it would have to restate some resul......

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Source:wistechnology.com By WTN News 04/26/06


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