Exhibit 99.1



Contact:   Mark A. Steinkrauss, Vice President, Corporate Relations
           (312) 592-5384  mark.steinkrauss@teldta.com

FOR RELEASE:  IMMEDIATE

                      TDS CONVERTS VOICESTREAM SHARES INTO
                   DEUTSCHE TELEKOM SHARES AND CASH IN MERGER

May 31, 2001 - Chicago,  Illinois - Telephone and Data Systems,  Inc. [AMEX:TDS]
announced that its 35,837,271  VoiceStream  Wireless  Corporation  [Nasdaq:VSTR]
common  shares were  converted  into  131,461,861  Deutsche  Telekom AG ordinary
shares  and  $570.0  million  of cash.  Each  VoiceStream  share held by TDS was
converted  into 3.6683  shares of Deutsche  Telekom and  $15.9062 of cash.  This
transaction is a result of the merger of VoiceStream Wireless Corporation with a
subsidiary of Deutsche  Telekom.  Deutsche  Telekom  ordinary  shares are traded
principally on the Frankfurt Stock Exchange under the symbol "DTE".

The  conversion of  VoiceStream  common shares into  Deutsche  Telekom  ordinary
shares is a non-taxable transaction. The cash received is taxable currently. The
after-tax cash will be used for general corporate purposes.

TDS is a diversified telecommunications corporation founded in 1969. Through its
strategic business units, U.S. Cellular and TDS Telecom,  TDS operates primarily
by providing  cellular  and local  telephone  service.  TDS builds value for its
shareholders by providing excellent  communications services in growing, closely
related segments of the  telecommunications  industry. The Company employs 9,000
people and serves 4 million customers in 34 states.



For more information about TDS and its subsidiaries, visit the web sites at:
TDS:  http://www.teldta.com               TDS Telecom: http://www.tdstelecom.com
USM:  http://www.uscellular.com