CHICAGO, Sept. 26, 2012 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) today announced that its founder and chairman emeritus, LeRoy T. Carlson, will be inducted into Junior Achievement's Chicago Business Hall of Fame on Sept. 27 at the Chicago History Museum. Carlson, age 96, founded TDS in 1969. Initially comprised of 10 rural telephone companies, TDS had nearly $5.2 billion in total operating revenues for the full year 2011. In 1983, Carlson founded TDS subsidiary U.S. Cellular (NYSE: USM), now the seventh-largest wireless carrier in the nation. Carlson was CEO of TDS until 1986, and chairman until 2002. "Roy founded and grew this company through innovation, determination and hard work," said LeRoy T. Carlson, Jr., TDS president and CEO. "This recognition is a testament to his lifetime of dedication to TDS and the Chicago-area business community. Roy and Junior Achievement share many values, including the importance of financial literacy and education, and an entrepreneurial spirit." Carlson will be inducted into the Chicago Business Hall of Fame along with fellow Laureates Deborah L. DeHaas, vice chairman, central region managing partner and chief inclusion officer, Deloitte LLP; and Mike Keiser, founder and president, Bandon Dunes Golf Resort, and co-founder and retired CEO, Recycled Paper Greetings, Inc. Junior Achievement is the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart educational and economic choices. Established in 1983 by the Board of Directors of Junior Achievement, the Chicago Business Hall of Fame was created to honor the champions of free enterprise and present role models in business for area youth. The Junior Achievement Chicago Business Hall of Fame is a permanent, interactive display at the Museum of Science and Industry, and is part of the Entrepreneurial Learning Lab and Ball Enterprise Exhibit designed to teach young people about different aspects of business.