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Telephone & Data Systems

(TDS) - Get Telephone and Data Systems Inc. Report

said its filing of Form10-K for the year ended Dec. 31, 2005, will be delayed as the company requires additional time to review financial information regarding leases. The company had expected to file Form 10-K on or prior to May 31.

The restatements and delays in filing quarterly and annual reports resulted in defaults under revolving credit agreements and under certain forward contracts. Waivers of such defaults obtained previously were extended, on the condition that the companies file their Forms 10-K for the year ended Dec. 31, 2005 and Forms 10-Q for the quarter ended March 31 by June 30.

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