Telephone and Data Systems, Inc.("TDS") is a diversified telecommunications company providing high-quality telecommunications services to approximately 4.9 million wireless customers and 1.1 million wireline and cable customer connections at September 30, 2013. TDS conducts substantially all of its wireless operations through its 84%owned subsidiary, United States Cellular Corporation ("U.S. Cellular"). TDS provides wireline services, cable services and Hosted and Managed Services ("HMS"), through its wholly-owned subsidiary, TDS Telecommunications Corporation(" TDS Telecom"). TDS conducts printing and distribution services through its majorityowned subsidiary, Suttle-Straus, Inc.("Suttle-Straus") and provides wireless services through its wholly-owned subsidiary, Airadigm Communications, Inc.("Airadigm"), a Wisconsin-based service provider (collectively, the "Non-Reportable Segment"). Airadigmoperates independently from U.S. Cellularand at this time, there are no plans to combine the operations of these subsidiaries. Suttle-Strausand Airadigm'sfinancial results were not significant to TDS' operations in the three or nine months ended September 30, 2013. The following discussion and analysis should be read in conjunction with TDS' interim consolidated financial statements and notes included in Item 1 above, and with the description of TDS' business, its audited consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations included in the TDS Annual Report on Form 10-K ("Form 10-K") for the year ended December 31, 2012. OVERVIEW The following is a summary of certain selected information contained in the comprehensive Management's Discussion and Analysis of Financial Condition and Results of Operations that follows. The overview does not contain all of the information that may be important. You should carefully read the entire Management's Discussion and Analysis of Financial Condition and Results of Operations and not rely solely on the overview. Previously, TDS had reported the following reportable segments: U.S. Cellular, TDS Telecom'sincumbent local exchange carrier ("ILEC"), its competitive local exchange carrier ("CLEC"), its HMS operations and the Non-Reportable Segment. As a result of recent acquisitions and changes in TDS' strategy, operations and internal reporting, TDS has reevaluated and changed its operating segments during the quarter ended September 30, 2013, which resulted in the following reportable segments: U.S. Cellular; TDS Telecom'sWireline, Cable and HMS operations; and the Non-Reportable Segment. The Wireline segment consists of the former ILEC and CLEC segments. The Cable segment consists of Baja Broadband, LLC ("Baja"), which was acquired in August 2013. Periods presented for comparative purposes have been re-presented to conform to the revised presentation described above.