Forbes names parent company of TDS Telecommunications Corp. a 'Most Trustworthy Company'
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 27 May 2012
Release date- 25052012 - TDS Telecommunications Corp., the nation's seventh largest telecom provider, today announced that its parent company, Telephone and Data Systems, Inc. made Forbes' list of the America's Most Trustworthy Companies in the mid-cap category.
The list identifies the most transparent and trustworthy businesses that trade on American exchanges.
Forbes partners with GMI Rating (GMI), a global corporate governance research agency, to produce the annual list. GMI's quantitative and qualitative analysis looks beyond the raw data on companies' income statements and balance sheets to assess the true quality of corporate accounting and management practices.
GMI finds that its 100 Most Trustworthy Companies have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management. They do not play games with revenue and expense recognition, or with asset valuation.
To create the list, GMI examines more than 8,000 companies traded on U.S. exchanges. Every three months it assigns each company an accounting and governance risk score (AGR) based on proprietary modeling designed to identify practices that historically have had a high correlation with increasing shareholder risk.
'It's a privilege to be part of Telephone and Data Systems,' said David Wittwer, president and CEO of TDS Telecommunications Corp. 'This recognition from Forbes is proof that our long-term commitment to integrity throughout the TDS organization is working for both our customers and our shareholders.'
TDS Telecommunications Corp. (TDS) is the seventh largest telecom provider in the U.S. For more than 40 years, the company has been connecting people with high-speed Internet, phone, and TV entertainment services in hundreds of rural, suburban, and metropolitan communities across 31 states. Today, TDS has more than 1.1 million equivalent access lines in service and 2,700 employees. Business customers select from the latest technologies, including: VoIP (managedIP) phone service, dedicated Internet, data networking, and hosted-managed services. Visit www.tdstelecom.com or www.tdsbusiness.com for more information.
TDS Telecommunications Corp. also manages the operations of VISI Incorporated, TEAM Technologies, and OneNeck IT Services Corp. through TDS Hosted & Managed Services, LLC. These companies employ more than 350 people who specialize in providing hosted application management, managed hosting, cloud services, and next generation data centers. Visit www.visi.com, www.team-companies.com, and www.oneneck.com for details.
TDS Telecommunications Corp. headquartered in Madison, Wis. is a wholly owned subsidiary of Telephone and Data Systems, Inc. [NYSE: TDS]. A Fortune 500 company, Telephone and Data Systems provides wireless, local and long-distance telephone and broadband services to approximately 7 million customers in 36 states through TDS Telecommunications Corp. and U.S. Cellular [NYSE: USM], its majority owned wireless subsidiary. Founded in 1969 and headquartered in Chicago, Telephone and Data Systems employed 12,300 people as of March 31, 2012. Visit www.teldta.com for investor information.
For more information contact: DeAnne Boegli, National Public Relations Manager / TDS Telecommunications Corp. / 608-664-4428 / firstname.lastname@example.org
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