TELEPHONE AND DATA SYSTEMS, INC. (a Delaware corporation) Debt Securities UNDERWRITING AGREEMENT Dated: November 28, 2001 TELEPHONE AND DATA SYSTEMS, INC. (a Delaware corporation) Debt Securities UNDERWRITING AGREEMENT November 28, 2001 SALOMON SMITH...Underwriting Agreement • December 3rd, 2001 • Telephone & Data Systems Inc /De/ • Telephone communications (no radiotelephone) • New York
Ladies and Gentlemen: Telephone and Data Systems, Inc., a Delaware corporation (The “Company”), proposes to issue and sell up to $500,000,000 aggregate initial public offering price of its debt securities, (the “Securities”) from time to time, in or pursuant to one or more offerings on terms to be determined at the time of sale. The Securities will be issued in one or more series under an indenture, dated as of November 1, 2001, between the Company and BNY Midwest Trust Company, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture between the Company and the Trustee (as so supplemented, the “Indenture”, which term shall include any indenture entered into by the Company and the Trustee providing for the issuance of any subordinated indebtedness). Each series of Securities may vary, as applicable, as to title, aggregate principal amount, rank, interest rate or formula and timing of payments thereof, stated maturity date, redemption and/or repayment provisions,
