CHICAGO-U.S. Cellular Corp. and its parent company, Telephone and Data Systems Inc., have further delayed their year-end regulatory filings, as well as filings for the first quarter of 2006.
TDS and U.S. Cellular said that the delay was due to a review of financial information related to leases.
The two companies have been working to restate their financial results since November. They filed a handful of restatements in April, and now they’re catching up on the rest of the filings. The American Stock Exchange gave the companies a June 30 deadline to complete their year-end and quarterly filings and regain compliance with AmEx’s listing requirements.
U.S. Cellular and TDS’ stock were trading up slightly on the news.
