TELEPHONE AND DATA SYSTEMS INC <TDS> 4TH QTR NET
Oper shr 22 cts vs 22 cts
    Oper net 2,058,000 vs 2,129,000
    Revs 44.5 mln vs 35.7 mln
    Avg shrs 9,589,000 vs 9,348,000
    Year
    Oper shr 94 cts vs 94 cts
    Oper net 8,889,000 vs 8,570,000
    Revs 155.0 mln vs 123.4 mln
    Avg shrs 9,450,000 vs 9,174,000
    NOTE: Net excludes discontinued operations gain 1,637,000
dlrs vs loss 720,000 dlrs in quarter and gain 4,679,000 dlrs vs
loss 720,000 dlrs in year.
    1986 net both periods includes charge 865,000 dlrs from
repal of investment tax credits.
 Reuter
