Greetings and welcome to the TDS and U.S. Cellular Third Quarter Operating Results Conference Call. At this, time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jane McCahon, Vice President, Corporate Relations for TDS. Thank you Ms. McCahon. You may begin. Jane W. McCahon: Good morning and thank you for joining us. I wanted to make you all aware of the presentation we've prepared to accompany our comments this morning, which you will find on the Investor Relations sections of the TDS and U.S. Cellular websites. With me today in offering prepared comments from U.S. Cellular, Ken Meyers, President and Chief Executive Officer; Steve Campbell, the Executive Vice President and Chief Financial Officer; and from TDS Telecom, Vicki Villacrez, VP for Finance and CFO. This call is being simultaneously webcast on the Investor Relations sections of the TDS and U.S. Cellular websites. Please see the websites for the slides referred to on this call including non-GAAP reconciliations. The information set forth in the presentation and discussed during this call contains statements about expected future results and financial results that are forward-looking and subject to risks and uncertainties. Please review the Safe Harbor paragraphs in our release and the more extended version included in our SEC filings. Shortly after we released our earnings in before this call, TDS and U.S. Cellular filed their SEC Forms 10-Q along with Forms 8-K including today's press releases and also pro formas showing the impact from our market divesture and to the deconsolidation of our New York 1 and 2 markets. We think these pro formas are very useful. On Slide 3, you can see a number of our upcoming conferences including Wells Fargo and UBS in New York and Citi in Las Vegas. First, we’ll start with some of the activities the corporate team has been working on and then move to our business unit performances. Turning to Slide 4, we continue to make progress on one of our key objectives, which the monetize non-strategic assets. We have signed agreements to sell or have sold spectrum representing nearly 75% of the megahertz pops that we have designated as non strategic for over $400 million. In terms of monetizing the 565 towers from the markets we divested earlier this year, it’s a bit of a more complicated process than the spectrum sales. We are close to completing the upfront work necessary to effectively launch this transaction. In August, we articulated more detail regarding our capital allocation strategy stating that we intend over time to both invest in our businesses through M&A and the cable and hosted a managed services spaces and return value to shareholders. At the same time, we announced $250 million share repurchase program. So roughly we plan to allocate 75% of our available resources to acquisitions and 25% to regular dividends and share repurchase overtime. So far TDS has bought Baja for $267.5 million and recently bought an HMS company for $40 million. In addition to nearly $20 million on dividends and stock repurchases. As indicated, we expect our share repurchases to begin at a moderate pace. And finally, please keep in mind that TDS has an open door policy. So, if you are in the Chicago area and would like to meet members of management team from TDS, Corporate, U.S. Cellular or TDS Telecom, the IR team will try to accommodate you, calendars permitting. Now I would like to turn the call over to Ken Meyers.

Good morning. Thank you, Jane. Well that was quite a quarter with so much going on and not all of it according to plan. So I’m glad it’s over and as a result of the changes of the last quarter, I’m actually increasingly bullish on our outlook. But before getting into the detail, I would like use a second of this call to tell all the associated here at U.S. Cellular that I’m very proud of them for pushing through a very difficult period with professionalism, commitment and passion for our customers that is U.S. Cellular. This morning I would like to review where we stand on our immediate priorities that I spoke of last quarter. I included 1 implementing a new billing system, 2 expanding the device lineup, 3 completion of our 4G LTE rollout and 4 achieving a long-term interoperability solution. At the end of July, we began the third wave of our conversation on to a new billing and operational support system. Wave 3 followed 2 pilot launches and covered most of our operations. We expected the conversion of this size and complexity to have its challenges, but quite frankly we under estimated them. Our stores and call centers were negatively impacted so we were not able to provide the type of services our customers have grown to expect. We had some delayed billing that was confusing and frustrating to our customers and caused very long wait times for customer service. We have apologized in many ways and we have credit bills were appropriate. Steve will cover the financial statement impacts with you in a moment. I think we will continue to see some modest churn impact, but given the day-to-day improvements in our operations that we are now starting to see, along with the recent introduction of shared data and the upcoming launch of the iPhone, I remain very excited about our prospects. We’ve talked about the significant resources, financial and human, that have been focused on this project for the past several years. And we’re looking forward to the capabilities and efficiencies the new system will provide us going forward. More specifically it provides us the flexibility to offer newer service and products faster. For example, the new shared data plans would not have been rolled out this quickly on the prior system. And we will use the new system to rollout new equipment -- equipment billing options also. Speaking of which, we just launched shared data plans at the beginning of October. We believe our customers will appreciate the flexibility that these plans offer and we will benefit from the data monetization down the road. Also, we finally have a launch date for the iPhone and the iPad 2, November 8, later than we had hoped, but in plenty of time for the important holiday season. Getting Apple devices rounds out our device portfolio, that includes Samsung devices, which continues to drive innovation in the smartphone and tablet space, and Motorola with their intriguing device roadmap including the Moto X. Recently, churn has been an issue for us and not having the iPhone has been a major contributing factor to that churn. Given Apple’s continued strong market share performance in the U.S., we would expect to see improvement in both churn and gross additions with the launch. Strategically, we remain committed to network quality as the most important driver of customer satisfaction and carrier selection. We are not only on target to reach our original goal of bringing 4G LTE to nearly 90% of our customers by year-end. But now that coverage will include both BN5 and BN12. The band 5 actually facilitates our introduction of the Apple devices. And on Friday, October 25 the SEC adopted an order confirming the voluntary industry agreement reached last month and interoperability in the lower 700 megahertz band. The SEC’s action on this issue will have a significant positive impact on U.S. Cellular its customers and the broader industry. It reestablishes the principle of interoperability that long prevailed in the wireless industry. And will bring lasting benefits as consumers gain access to a wider range of LTE devices. We congratulate the SEC for its action. And we will be encouraging the SEC to adopt explicit interoperability rules for the new band to be auctioned under this Spectrum Act. Operationally, we are now in a position to focus on our core markets, mainly suburban and rural to achieve the kind of penetration of profitability we believe is possible. Looking at the competitive landscape, consolidation, pricing moods, new approaches to device subsidies all make for a dynamic marketplace. Loss on equipment is such a significant expense for the industry and we continue to work at ways to manage it. Speaking of managing, as you may have seen this morning we announced that Jay Ellison is returning to U.S. Cellular as Executive Vice President for Sales and Customers Service. Jay was a driving force here for 10 years, I’m confident his front line leadership will have a meaningful impact on our business going forward. All of us are now busy preparing for what we expect to be an exciting and successful holiday season. The combination of shared data plans are most competitive device portfolio ever with the addition of the Apple devices and a 4G LTE network covering almost 90% of our customers. All coupled with our team’s dedication to outstanding customer service positions U.S. Cellular to win. Thank you for your time and now let me the call over to Steve Campbell. Steve.

Thank you Ken and good morning everyone. I’m going to begin with a few comments about U.S. Cellular’s core markets, which for purposes of this discussion exclude the New York 1 and 2 markets that we deconsolidated in April of this year and the other markets that we divested in May of this year. To a large degree, our results in the core markets for the third quarter reflect the trends that we’ve seen over the past several quarters. As shown on Slide 7, postpaid gross additions were $165,000 decline of $31,000 or 16% compare to a year ago. Churn for the quarter was 1.71% up from 1.61% last year, resulting in a postpaid net loss of 60,000 customers for the quarter. Two factors certainly impacted these results. 1, the billing system conversion and subsequent disruption impacted our ability to add customers at times and has probably caused some small number of customers to churn. And 2, anecdotally we are hearing from our front line that we have a good amount of pent-up demand for the iPhone, obviously it’s impossible to quantify the impacts of these 2 factors, but we think that they are the major drivers of the change. Prepaid net losses in the core markets were 11,000 customers down from 59,000 net additions last year. As you may remember in 2012 we have just launched prepaid in Wal-Mart so there wouldn't have been churn of that time. Total retail customer net losses in the core markets were 71,000 compared to 36,000 net additions last year. Slide 8, shows the trend in smartphone sales penetration and postpaid ARPU in our core markets. During the third quarter we sold 405,000 smartphones, which represented 65% of total devices sold. This compares to the third quarter of 2012 when we sold 440,000 smartphones or 53% of the total units sold. 360,000 or 89% of the smartphone sold this quarter were 4G LTE devices. Smartphones now represent 47% of our postpaid subscriber base compared to 38% for the same period last year. And as you can see on the graph at the far right, postpaid ARPU increased 2% over last year. While the overall cost to subsidize smartphones, especially the 4G LTE devices is greater. We expect that the higher ARPU from smartphone users, as well as the migration of data usage off of our 3G networks on to our 4G LTE network will benefit our results overtime. As Ken already mentioned we’ll be launching the iPhone on November 8. In addition to the positive impact on subscriber trends we expect the iPhone to accelerate smartphone adoption and along with that ARPU growth. Turning now to our financial performance beginning on Slide 9, for our core markets, third quarter service revenues were $862 million, down $27 million or 3% from last year, primarily due to declines in roaming and ETC revenues. The inbound roaming revenues decreased $18 million or 20% year-over-year to $72 million due primarily the lower roaming rates which also caused a reduction in roaming expenses. ETC revenues declined $7 million or 22% due to the phase down of Universal Service Fund support. The total company results are shown on Slide 10. Service revenues were $862 million, down $174 million from just over a $1 billion last year. The decline includes the $27 million decrease in the core markets that I just discussed, plus the impacts of the divestiture and deconsolidation transactions. System operations expenses of $177 million decreased $72 million or 29% year-over-year. About $40 million of that decrease is due to the divestiture and deconsolidation transactions. The remainder of the decrease is due to lower outbound roaming expense driven by lower rates as I mentioned earlier. And cost reductions in a number of areas such as lower inter-carrier charges, due to bill-and-keep arrangements and lower fees to platform and content providers. Loss on equipment for the quarter was $116 million, down $28 million or 19% from the year ago quarter. This was driven by a reduction in total devices sold, consistent with the lower gross ads. In terms of what we are selling, there’s a continuing shift and mix to sales of smartphones and to 4G LTE devices. As a result the average loss per unit sold increased by 30% from $148 per unit last year to $192 per unit this year. We expect that equipment pricing will continue to be very aggressive across the industry and that our cost will be impacted by the continuing shift and mix to smartphones and their continuing introduction of 4G LTE devices throughout the reminder of the year, including Apple products beginning next week. SG&A expenses of $410 million were down $28 million or 6%. This also is a net number, reflecting a reduction of $57 million related to the divestiture and deconsolidation transactions, offset by higher expenses associated with our billing system conversion. These expenses increased by $26 million year-over-year. There was an operating loss of $43 million for the quarter, which includes costs and expenses related to the divestiture transaction that I will discuss in a minute. Total investment and other income net for the quarter, totaled $27 million, up $11 million from last year. Earnings of approximately $21 million related to our interest in the Los Angeles partnership, increased by $3 million and New York 1 and 2, contributed almost $10 million current quarter equity basis earnings. Adjusted income before income taxes for the quarter was $195 million, compared to $219 million last year. As I mentioned, this quarters operating income was impacted by certain costs and expenses related to the divestiture transaction. As shown on Slide 11, the impact was a reduction to income of $43 million consisting largely of accelerated depreciation, amortization and accretion. Note that that accelerated depreciation, amortization and accretion is expected to conclude in the first quarter of 2014. As show on the next slide, net loss attributable to U.S. Cellular shareholders totaled $9.9 million or 12% per diluted share versus net income of $35.5 million or $0.42 per share in 2012. The effective tax rate was 40.1% in the quarter, higher than last year’s rate of 34.7% which reflected a tax benefit related to the correction of state deferred taxes. For the quarter cash flow from operating activities was negative $152 million down from $197 million last year, this was affected of course by the delayed billings mentioned by Ken earlier, which affected cash inflows. Cash use for additions to property, plant and equipment in the quarter was $199 million reflecting significant expenditures related to our 4G LTE networks including the 850 megahertz band expansion as well as for our multi-year enablement initiatives primary the billing system conversion. Free cash flow for the quarter was $351 million negative. U.S. Cellular’s balance sheet remains sound and we have significant liquidity and financial flexibility together with expected cash flow from operations and funds available under our revolving credit facility to meet our financing needs. At September 30, cash and short-term investments totaled $228 million and we have about $280 million of unused borrowing capacity under our revolving credit agreement. Accounts receivable are a little higher than normal due to the delayed billings, but that situation has now stabilized with more timely billing and increasing cash collections. We expect accounts receivable balances to be at more normal levels at year end. Next I want to comment briefly on our updated guidance for 2013. Moving to Slide 13, you will see that we’ve lowered our guidance for core markets service revenues, predominately due to revised expectation related to subscriber results in light of recent results. The other metrics for the core markets, adjusted income before income taxes and capital expenditures as well as all of the previous guidance for the divestiture markets remain unchanged. Going into the busy holiday selling season, we don’t have precise visibility into the demand for and availability of Apple products which could cause our actual results to differ materially from this guidance. And now, I’ll turn the call over to Vicki Villacrez. Vicki.

Okay. Thank you Steve, good morning everyone. Before discussing the results of operations for the third quarter, I’m going first touch on each of our primary initiatives shown on Slide 16. In order to expand our HMS IT offerings on October 4, TDS acquired MSN Communications for approximately $40 million. MSN is a Denver based IT solutions provider, this acquisition brings a talented sales force with strong customer and vendor relationships focused on serving mid-market customers, by joining TDS HMS, MSN will add colocation, managed services, and rely a call services to their offerings. We are excited with the sales force now has our full suite for HMS products to sell. MSN generated annual revenues of $99 million in 2012, primarily through equipment sales. This go-to-market strategy will be supported with the addition of Denver based tier 3 data center targeted to be completed by the end of next year. Please note, these results are not in the third quarter, but incorporated into our updated guidance for the full year. With respect to TDS TV or IPTV offering we continue to increase penetration in 11 markets we launched over the past year. And have identified a number of new markets for fiber to the home builds to enable additional households next year. In July, we launched our new campaign called Fiberville, which is an entirely new marketing strategy. Rather than waiting for services to be available before reaching out to customers, we are pre-selling to customers before the construction is complete. Early indication shows this program to be very effective. The integration of Baja our new cable company is proceeding very well. We’ve begun integrating Baja into the TDS organization and we are leveraging our resources, scale and centralized administrative function. Both TDS and Baja employees are sharing knowledge and tools to further improve process and efficiency for all teams. In addition, we are kicking off projects that are deploying existing TDS product sets in the Baja marketplace. We expect to have our first new product launch Remote PC Support completed before year end. We continue to make excellent progress on our broadband stimulus project and expect to turn up services in many of these markets this year, which will enable 22,000 additional households with data services. As we turn to Slide 17, you will see that we’ve changed our segment reporting this quarter. We are combining the ILEC and CLEC into a wireline segments and are reporting HMS and cable as separate segments, which provides visibility into how our strategic investments are performing. At a consolidated basis revenues increased 14 million or 6% driven from both our cable acquisition and from organic growth in HMS. Adjusted income before income taxes grew 8% year-over-year as ongoing cost reductions in the wireline drove the margin improvement coupled with contributions in EBIT from both cable and HMS. Turning to wireline results on Slide 18. We had continued growth in IPTV and managed IP product. However, this growth was not strong enough to offset the legacies and our legacy voice product and wholesale revenue. Residential revenues were flat year-over-year, while commercial revenues grew slightly. Wholesale revenues declined 5% primarily as a result of changes and regulatory recovery due to the Reform Order, low wholesale rate and the continued decline in minutes of use in physical access lines. As a result, wireline revenues declined 2 million or 1% adjusted income before income taxes however improved 2%, as a result of our continued focus on cost reduction and lower rates we pay other carriers. This is the second consecutive quarter on which wireline reported growth and adjusted income before income taxes. On Slide 19, ILEC residential broadband penetration continues to remain very high at 68% of total residential customers. Residential broadband customers are increasingly choosing higher speeds in our ILEC with 77% of our customers choosing speeds greater than 5 megabits and 32% now choosing speeds greater than 10 megabits, driving increases in our average revenue per connection. With the upgrade to the super high speed data for IPTV, we’ve enabled approximately 25% of our ILEC residential services addresses for speeds of 25 megabits or greater, and are moving more customers to these higher speeds. In our fiber market, we’re offering 100 megabit data speed. In the table you will see we are also now providing average revenue per connection, and I want to highlight the 58% growth in IPTV. This is primarily due to the conversion of our legacy customers to our higher priced product set, enabled by our adoption of Microsoft Mediaroom IPTV platform. On the next page you can see our flagship commercial voice and data communication solutions managed IP grew its customer base 43% year-over-year resulting in total commercial connections, growing by 2%. Moving to Slide 21, TDS purchased Baja on August 1, and therefore these results reflect 2 months, versus a full quarter. We are pleased with the results to date and we see a lot of opportunity to grow the residential and commercial penetration levels and achieve higher returns overtime. Of note, these expenses include $1.8 million of transaction costs. We continue to look for additional acquisition opportunities in the cable industry. Turning to HMS segment on Slide 22, we breakout recurring revenues from equipment revenues. You should note, there is no impact of acquisitions in the third quarter as we purchased Baja [ph] in June of 2012 for the year-over-year comparison of same store. We are pleased with the 10% growth in our re-occurring revenue streams including co-location, cloud, application management and managed hosting services. In total, including equipment sales, revenues grew 6% while expenses grew 4%. Just a reminder the solutions provider business like Vital and MSN, which resells equipment, has revenues that fluctuate depending on the amount of equipment sold in any particular quarter and relatively low margin. As Slide 23 shows, we have adjusted our revenue guidance upwards $30 million to reflect the acquisition of MSN. All other guidance has remained unchanged. MSN is a solutions provider, which has margins in the low single-digit, so the expected EBIT after transaction costs is not enough to impact the guidance range. Its value to us is the talented sales force and strong relationships with our targeted midmarket customers into which we can sell the full suite of TDS, HMS, IT products. I will now turn the call back over to Jane. Jane W. McCahon: Thanks Vicki and operator we would like to open up the line for questions now.

We will now be conducting a question-and-answer session. [Operator Instructions] Our first question comes from Ric Prentiss with Raymond James.

A couple question. One, of course as any sell side analyst, multi-point question on the iPhone. It says you’re going to carry the 5S and the 5C. Will you also be able to get any the older iterations of the iPhone?

Yes, Ric with us in the room we also have Dave Campbell, Executive Vice President and Chief Marketing Officer, so I’m going to let him take that one.

Hi, Ric, this is Dave Campbell. Yes, we will also be launching the 4S, so we’ll have all 3 models both at the 3 different price points going forward.

Okay. Any then any concerns about supply constraints? Sprint seemed to indicate on their call that obviously, third quarter there were some supply constraints and they seemed to continue even into October.

Yes, certainly as we look at launching next week one, obviously we are excited about the launch and aggressively working to drive awareness and particularly focused on winning back those that have left us, we’ll have strong promotional activity and other awareness building activities, but the supply maybe constrained on certain devices and we are working closely with Apple to make sure that we have everything that we need through the key holiday season. So it is possible, although we’ll be working to make sure we can deliver and meet the demand in the marketplace.

And then Ken, you obviously spoke about how you are excited and you’re looking for improvement in churn and gross adds. Any temptations of peg when you could or if you could get back to positive postpaid adds by having the iPhone.

The question you asked a moment ago is the biggest caveat that I have got going in right now is just not knowing what supply is going to look like in the fourth quarter. At the right supply levels, I’m excited it to be real soon, but we got to see how supply holds.

Okay and the final iPhone question is, you guys obviously reduced revenue guidance and said it was with the lower subscriber results, but no change to EBITDA. I was wondering if the change in guidance had anything to do with your getting the iPhone later than you had first hoped possibility.

Well is that -- you know that’s what happens, right as you get the phone a little bit later so we didn’t get the customer sooner we don’t get the revenue. However, still expecting high volumes in the fourth quarter. So you still have all of the LOE that we had originally anticipated.

Right, okay. And then the easy question, your tower business, you have got the other, the core markets towers, 3859 towers, I think. Any thoughts about creating a tower company internal to U.S. Cellular to start working those assets, I was on the Shenandoah call earlier today, and they made the point about how they are running their towers as a tower company. They are up to about 1.4 or 1.5 tenants per tower. Any thoughts about your towers that you are not selling yet, actually creating a tower company to market them?

We have various initiatives underway to get as much value as we can out of those we don’t have to create a separate company to drive that focus. So yes, there are definitely things going on to drive more revenue out of that.

Okay, because it seems like if they were strategic, you wouldn't lease them up, but probably some ability to get more rent, cover costs and actually improve the operations if you were to lease them up. Is that is that fair to what you’re saying?

We will try to do.

Our next question comes from Mike Rollins with Citigroup.

Ken, I was wondering if you could talk a little more about the billing system in terms of duplicative costs that you are experiencing and anticipated savings so we could think about maybe the opportunity within EBITDA for 2014 as you’re fully on the new system for the full year? And then secondly, if you could just talk a little bit about what you are seeing from the devices that you already have, the smartphones that you have, how much are enabled for LTE versus just 3G, and maybe if you just give some sense of usage for the customers and how they are embracing the product?

Okay. For a lot of parts there, let’s talk about the LTE versus 3G device and usage on the 3G devices for data is about 960 meg versus about 1.2 gigs on the LTE devices. Now the LTE isn’t necessarily all being delivered on LTE, because some times it could be on the 3G network, but you are actually looking at device/device there and if you are talking about 25% almost 30% delta between the two. Second question was percent of phones that are now LTE someone is going to dig that up for me as I -- because I don’t remember that one. The third question or your first one -- so just this quarter right we have $26 million of increased cost year-over-year as a result of that launch. I think we’ve talked about that being somewhere in the $60 million kind of range full-year, so we expect a lot that to tail off quickly and then where we see the impact for it is as much into the efficiency of the business going forward as we can start taking advantage of this in our stores, I mean a perfect example is new store -- new activations in a store dramatically faster giving us both more time with the customer and our ability to handle more customers. So, I think you will see impacts in different parts of our business as we get there next year. The devices that are 4G just about 35% are to date.

35% in the subject [ph], 35% in the smartphones?

Total devices, 35% of total devices…

Total postpaid base and we are selling almost every smartphone that we are selling now is an LTE device about 90% of our smartphones today.

Yes.

And our next question comes from Sergey Dluzhevskiy with Gabelli & Company.

First question a major on the spectrum. The $400 million number obviously includes the T-model transaction process and also $92 million that you are getting for AWS license. Is that a AWS license that is being sold to Verizon or it includes other licenses, includes area?

It’s primarily the AWS license to Verizon for just over $92 million.

Okay. And another question that I have kind of related to this obviously you are going to be getting more of $100 million from that at U.S. Cellular levels, what are your plans for use of those proceeds, and is there an opportunity for another special dividend at U.S. terms that could translate into stock buybacks at TDS level.

I’ve got nothing to announce in that area right now Sergey. As we said before, those will be Board level decisions and quite frankly, we’re in that part of that time of the year right now, we are just putting together our budgets for next year. And the combination of how big of an impact the Apple phone has, how soon, I mean we’ve seen every other company sees a hit in margin when they first rolled that out. So I think we’ve got to work our way through that before the Boards can take a position on that.

Okay. A related question on the buyback in general at TDS level. You indicated that it is going to take place at a moderate pace initially. Should we expect kind of a similar level over the next 2 quarters as we saw in the third quarter or how should we think about the buyback in general going into 2014? Jane W. McCahon: I think for the near term that this is a pretty good rate to assume going forward, if really we want to maintain some flexibility on the M&A front. So I think it’s a good rate to use.

Okay. and a final question on Baja, maybe you could talk a little bit about how the business is performing. Maybe on a pro forma basis, what was the revenue growth compared to last year or last quarter, and the trends, maybe you could comment on the trends that you are witnessing in those markets?

Yes, so this is Vicki Villacrez. We’re really excited with what we’re seeing with Baja so far 3 months in. Our video subscriber growth decline is a little bit more than what we expected, but we are seeing a much stronger broadband growth than we had planned. We’re really excited about what we can grow there again we see this as a natural extension to our business. From a capital standpoint, we are running roughly at what the business has been at about 18% to 19% capital. In terms of growth, it’s been growing in the mid single-digits and we’re looking to grow that even higher towards the fourth quarter and into next year, as well as looking for margin expansion. As I had commented, we’re working with the Telecom team and the Baja team together in finding opportunities for synergies between the 2 businesses and we expect to grow those margins.

Our next question comes from Simon Flannery with Morgan Stanley.

I wanted to come back to the billing system, if I could. I think, Steve, you referred to billing credits. Maybe you gave this number already but if you can help size that for us, and anything that might proceed into the fourth quarter. Also bad debt provisions. I think in the Q you say that you believe you have made adequate provisions. Can you help us think through the extra $200 million or so in the accounts receivable, how much of that you think you may have problems recovering. Then just more overall, could you give us a sense of where we are today, November 1. Are you back on the regular billing cycles? Are people still getting bills for 2 or 3 months' service? When will that all normalize and calls to care, are those back down to normal levels, or are those still elevated. Some sense of what inning we are in on this. Thanks.

Well lots of part for that. Let me take a couple of them. Billing is probably by mid-month we’re completely current, okay. What’s happening from is you aren’t getting a bill for multiple months what you did as you got bills for last -- a late month 3 weeks ago and then 2 weeks ago you got caught up all right, so it’s compression. And at the end of the quarter, and what that means is that because you had a larger amount of either unbilled customers at that time are just starting to get caught up, the receivables balance was higher. We’ve got a process for looking at that and you actually we kicked up bad debt and on a year-over-year basis by close to almost $4 million or $5 million, okay. So we think we are more than adequately covered on that. In terms of what inning we are in, I’m hoping we’re in the eighth inning. We’re the challenge -- one of the big challenges that we had is, we had a 15, almost 18-year-old system that had a lot of historical rate plans in there and trying to convert all of that is where we ran into some of our biggest issues. One by one they got to get fixed. Calls to customer service starting to come down, wait time starting to improve, across-the-board each day is getting better so I’m thinking eighth inning.

And did you provide credits in the quarter?

Yes. I don’t know, they weren’t material enough to -- you think about that bad debt number was $5 million provided, we probably give the credits across the quarter about twice that.

Our next question comes from James Moorman with S&P Capital. Please proceed with your question. James your line is live. So we will move to the next question from Kevin Roe with Roe Equity. Please proceed with your question.

Ken, can you update us on the competitive landscape, did it intensify in the third quarter, and maybe if you could talk a little bit about T-Mobile’s increase presence in the marketplace, if that affected your porting rates?

Kevin this is Steve Campbell. We broadly speaking wouldn’t say there was a huge change in competitive activity obviously a very competitive industry it continues to be in a lot of strong moves across some of our largest competitors. As it relates to T-Mobile specifically, we’re monitoring and tracking that closely, but as you probably know T-Mobile tends not to be a large player across most of our footprint. In fact they have a low single-digit share on average across our footprints. So we are not anticipating an immediate huge impact in our markets from T-Mobile, but certainly tracking and monitoring their activity.

That’s helpful. Ken a follow-up on a previous question on cost savings. You mentioned the $26 million of incremental costs year-over-year and $60 million for the year and that is going to tail off quickly. Could you give us a sense of the buckets there, where do you see, or how much of a savings do you expect on G&A line, could that go down in absolute dollars, cost of service, what are your expectations there for trying to take that down. I guess LTE coverage growth on its own is going to help cost of service, given it can deliver cheaper bits versus your 3G network. .

Well, lets try that a couple of ways. One, the actual cost to the billing system that we talked about that 26 of that 60, that’s all resident and G&A type costs. Around cost of service I agree that eventually LTE has got a nice cost profile, but where we are at right now when you think about it Kevin as we’ve got a 3G network and we are laying on top of it a 4G network. So in fact you have got two networks out there, so well you have some nice cost performance on the data going through the LTE side and the aggregate level that you are still increasing that cost as you rollout that network in with I’ll say it about 90% of our customers covered, we still have more of our cell sites that are yet to be covered and I think that will be an ongoing initiative over the next couple of years. So you aren’t going to be able to see cost of service capture all the benefits of the LTE that captured that at the increment, but you still have cost that you are adding each quarter.

Our next question is from James Moorman with S&P Capital.

The question I had is regarding now that you're almost fully built out on your LTE market, and with the billing system being fixed, and the iPhone coming out, do see a little ramp-up in advertising upon this, or do you think just coming out with the iPhone and the press related to that will be enough? And then also in terms of shared data plans that you going to be offering with the billing system completion, any idea, kind of like any type of pent-up demand you might be expecting for that?

James, let me go -- let Dave talk a little bit about the advertising strategy going forward.

Yes, James, so we are going to continue to be strong aggressive in our advertising plans, well those things that you talked about are very important in our growth plans, we need to make sure that our customers and potential customers are well aware of our activities around the quality of our network, the strength of our device portfolio, the advancement of our LTE. So we will be advertising aggressively, focused on those things that you mentioned, trying to drive awareness around the iPhone launch as well as really taking advantage of what we think is a real competitive strength that we are reaching nearly all of our customer with LTE. So through the fourth quarter as well as into 2014 we will be aggressively driving and building consideration and awareness.

What was the other question James?

Yes, in terms of with the new billing system version in terms of shared data any idea of kind of pent-up demand that you could be seeing for that?

It’s too early to tell, we just rolled out.

Our next question comes from David Dixon with FBR.

I wanted to ask a question around your fourth priority there on the long-term interoperability solutions. Looking at the pros and cons of an LTE roaming partnership with other carriers, I know the focus to date has been on AT&T's decision. And to look at the fact that today you've got Sprint as a roaming partner, but with Sprint repurposing their Nextel spectrum and focused on expanding coverage to better compete with AT&T and Verizon in the coming years. Would you see a preference to Sprint to over-build in your area to generate the tower revenue and the backhaul revenue from that? Or see them as a potential partner with you, assume it could be mutually beneficial where U.S. Cellular could support the LTE band 26 -- expanded 50 band?

You broke up a little bit there at the end David. But I think I got enough of that question that I’ll try to handle it. What we’ve done with our network, besides putting LTE and 700 we have also started building it out in the 850 megahertz band.

And what that does is many of the phones that are out there or they are coming out have that Band 5 in them a lot and so as an example, the iPhone that all of us carry, has that band in there. What that means is that we think that we’ll have the opportunity to offer roaming services to almost every carrier out there. In the past we’ve actually made very specific investments in certain markets where we had additional spectrum and roaming opportunities is an example, we had some GSM in our network in one part of the country for a couple of the GSM carriers. And we’ll continue to look at investments like that in various parts of the country to meet the roaming needs of all the carriers.

Right and in terms of your company and who you would be looking to run or partner with outside of your territory?

Same thing, it’s a matter of quality of coverage, so our customers have a strong experience and a line up with the device portfolio that we have. And that is something that continues to evolve and change almost every day. But we’ve got a team of people that are working with every other carrier out there we actually have technical trials underway right now with one of those carriers. So it is a constantly changing landscape.

So to clarify, today you don’t have support for band 26?

Not in our -- no we do not at this point in time.

Our next question comes from [indiscernible] with Morningstar.

Just wanted to get a gauge of the competitive intensity on the hosted and managed services side of the business, what are the margins trending at and just maybe speak to how intense your competitors have been going after the same basic targets? Jane W. McCahon: Okay good morning. Let me first start-up by saying we’re really excited with the third quarter and the results that we had in the quarter for HMS business. As I said the recurring revenue is up 10% quarter over the quarter in the same period last year. Our equipment sales they are a little more lumpy they are that flows, there’s cycle flow that and there’s also the economy can play a pressure on that. So that is a little bit lumpy, but from a recurring standpoint, we’re really excited with what we’re seeing, we’re targeting our mid-markets customers, we’re not targeting the larger enterprise customers. And I think that market is more fragmented in how it’s being served today. And we’re really excited because we believe we’ve got a really differentiated service offering by bringing all of these services together with co-location, cloud, hosted and managed services, application management. And then by leveraging our acquisitions of Vital and MSN which is our solution provider we are leveraging that as our route to market. And so with our latest acquisition MSN we see that as a route to market in the Rocky Mountain region and Arizona for where we currently our one-neck operations for co-locations and cloud services. So we are really excited about what were seeing there. And in terms of margins we are -- we’ve seen margin improvement in the quarter we’ll continue to expand on that but I will share with you our sales commissions are recorded upfront. So these are long-term contracts many as 5 years with high monthly recurring revenue streams and the commission is booked all upfront. But overall, we are looking for margin expansion as we grow this into next year and in February we’ll be giving you more information around what 2014 will look like.

There are no further questions in queue at this time. I would like to turn the call back over to management for closing comments. Jane W. McCahon: We would like to thank you all for joining us and please contact us with any additional questions. Have a good day.

This concludes today's teleconference. You may disconnect your lines at this time and thank you for your participation.