UNITED STATES CELLULAR CORPORATION (NYSE:USM) Files An 8-K Other Events

Item 8.01. Other Events

United States Cellular Corporation (U.S. Cellular) is filing this
Form 8-K to recast financial statements and other financial
information previously included in its Annual Report on Form 10-K
for the year ended December 31, 2016, filed on February 24, 2017.

Effective January 1, 2017, U.S. Cellular elected to change the
classification of interest income on equipment installment plan
contracts from Interest and dividend income to Service revenues
in the Consolidated Statement of Operations. U.S. Cellular
believes this classification is preferable because financing of
devices as part of enrolling customers for service is an activity
that is central to U.S. Cellulars operations, and it is
consistent with the presentation by others in the industry.
Comparative financial statements for all periods presented in the
aforementioned Form 10-K have been adjusted to apply the new
classification retrospectively. As a result of this change in
classification, Service revenues for the years ended December 31,
2016, 2015 and 2014 increased by $51 million, $34 million and $9
million, respectively, from previously reported amounts, with
corresponding decreases in Interest and dividend income. This
change did not have an impact on Income before income taxes, Net
income, or Earnings per share for the years ended December 31,
2016, 2015 and 2014, nor did it have a cumulative impact to
Retained earnings as of any date presented.

Although U.S. Cellular is permitted to make these adjustments the
next time it files its prior year financial statements, U.S.
Cellular determined to voluntarily file this Form 8-K to reflect
the adjustments to such prior year financial information at this
time. Accordingly, U.S. Cellular is filing this Form 8-K to
adjust its Consolidated Statement of Operations for the years
ended December 31, 2016, 2015 and 2014 for these amounts. There
are no changes to the Consolidated Statement of Cash Flows,
Consolidated Balance Sheet, or Consolidated Statement of Changes
in Equity.

Except as included in this filing, U.S. Cellular has not updated
or enhanced any other disclosures presented in its 2016 Form
10-K. All other information is presented as of the original
filing date and has not been updated in this Form 8-K. Without
limitation of the foregoing, this Form 8-K does not purport to
update the Managements Discussion and Analysis of Financial
Condition and Results of Operations contained in the
aforementioned Form 10-K with respect to any uncertainties,
transactions, risks, events or trends occurring, or known to
management. More current information is included in U.S.
Cellulars other filings with the Securities and Exchange
Commission. This Form 8-K should be read in conjunction with the
aforementioned Form 10-K and U.S. Cellulars other filings. Other
filings may contain important information regarding
uncertainties, trends, risks, events, transactions, developments
and updates to certain expectations of U.S. Cellular that may
have been reported since the filing of the Form 10-K.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

In accordance with the provisions of Item 601 of Regulation S-K,
any Exhibits filed or furnished herewith are set forth on the
Exhibit Index attached hereto.

About UNITED STATES CELLULAR CORPORATION (NYSE:USM)

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company operates all of its wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in vertical industries, such as construction, retail, professional services and real estate. The Company offers a range of wireless devices, such as handsets, modems, mobile hotspots, home phones and tablets for use by its customers. U.S. Cellular offers wireless devices that are compatible with fourth generation long term evolution (4G LTE) and third generation (3G) networks. U.S. Cellular offers a range of accessories, such as carrying cases, hands-free devices, batteries, battery chargers, and memory cards to related consumer electronics, such as headphones, speakers and Bluetooth keyboards.

UNITED STATES CELLULAR CORPORATION (NYSE:USM) Recent Trading Information

UNITED STATES CELLULAR CORPORATION (NYSE:USM) closed its last trading session 00.00 at 36.91 with 229,989 shares trading hands.