{"id":927036,"date":"2026-01-13T17:36:43","date_gmt":"2026-01-13T22:36:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\/"},"modified":"2026-01-13T17:36:43","modified_gmt":"2026-01-13T22:36:43","slug":"array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\/","title":{"rendered":"Array completes sale of select spectrum assets to AT&T for $1.018 billion"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Board declares special dividend of $10.25 per share<\/b>\n <\/p>\n

\n CHICAGO<\/span>, Jan. 13, 2026<\/span> \/PRNewswire\/ — Array Digital Infrastructure, Inc.SM<\/sup> (NYSE: AD) (ArraySM<\/sup>) today announced the successful closing of the previously announced agreement with AT&T (NYSE: T) to sell a portion of the Company’s retained spectrum licenses for total consideration of $1.018 billion.\u00a0<\/p>\n

The transaction furthers the objective announced on May 28, 2024, to opportunistically monetize the spectrum that was not included in the sale to T-Mobile that closed on August 1, 2025.<\/p>\n

Following the close of the AT&T transaction, the Array Board of Directors has declared a special cash dividend of $10.25 per Common Share and Series A Common Share.\u00a0 The special dividend is payable on February 2, 2026, to shareholders of record on January 23, 2026.<\/p>\n

“We are pleased with the significant value realized in this sale,” said Anthony Carlson, President and CEO.\u00a0 “And we are continuing to return value to our shareholders in the form of a special dividend.”\u00a0<\/p>\n

\n Note
<\/b>Array currently expects that when 1099-DIVs are issued for 2026, this special dividend will be largely designated as an ordinary and qualified dividend, subject to the shareholder’s holding period requirements.<\/p>\n

\n Advisors
<\/b>Citigroup Global Markets Inc. served as lead financial advisor and Centerview Partners LLC served as financial advisor to Telephone and Data Systems, Inc. (TDS) in connection with the AT&T transaction.\u00a0 TD Securities (USA) LLC and Wells Fargo also served as financial advisors to TDS.\u00a0 Wilkinson Barker Knauer, LLP served as lead transactional and FCC regulatory counsel to both TDS and Array.\u00a0 In addition, Clifford Chance LLP served as regulatory advisor to both TDS and Array and Sidley Austin LLP served as legal advisor to TDS.\u00a0 PJT Partners LP served as financial advisor and Cravath, Swaine & Moore LLP served as legal advisor to the independent directors of Array.<\/p>\n

\n About Array<\/b>
\n
\n SM<\/sup>
\n <\/b>
\n
Array Digital Infrastructure, Inc. is a leading owner and operator of shared wireless communications infrastructure in the United States. With over 4,400 cell towers in locations from coast to coast, Array enables the deployment of 5G and other wireless technologies throughout the country. Headquartered in Chicago, Array is approximately 82% owned by TDS.\u00a0<\/p>\n

For more information about Array, visit: investors.arrayinc.com<\/p>\n

\n Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995<\/b>: All information set forth in this news release, except historical and factual information, represents forward-looking statements.\u00a0 The forward-looking statements include the statement regarding Array’s expectation regarding the designation of the special dividend on 1099-DIV.\u00a0 This statement relies on the company’s current assumptions and involves uncertainties that could cause a different result.\u00a0 The ultimate designation of the special dividend depends on several factors including Array’s 2026 taxable income and the amount and timing of any additional special dividends issued by Array in 2026.<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion-302660307.html<\/a><\/p>\n

SOURCE Array Digital Infrastructure, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire Board declares special dividend of $10.25 per share CHICAGO, Jan. 13, 2026 \/PRNewswire\/ — Array Digital Infrastructure, Inc.SM (NYSE: AD) (ArraySM) today announced the successful closing of the previously announced agreement with AT&T (NYSE: T) to sell a portion of the Company’s retained spectrum licenses for total consideration of $1.018 billion.\u00a0 The transaction furthers the objective announced on May 28, 2024, to opportunistically monetize the spectrum that was not included in the sale to T-Mobile that closed on August 1, 2025. Following the close of the AT&T transaction, the Array Board of Directors has declared a special cash dividend of $10.25 per Common Share and Series A Common Share.\u00a0 The special dividend is payable on February 2, 2026, … <\/p>\n

Continue reading “Array completes sale of select spectrum assets to AT&T for $1.018 billion”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-927036","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nArray completes sale of select spectrum assets to AT&T for $1.018 billion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Array completes sale of select spectrum assets to AT&T for $1.018 billion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Board declares special dividend of $10.25 per share CHICAGO, Jan. 13, 2026 \/PRNewswire\/ — Array Digital Infrastructure, Inc.SM (NYSE: AD) (ArraySM) today announced the successful closing of the previously announced agreement with AT&T (NYSE: T) to sell a portion of the Company’s retained spectrum licenses for total consideration of $1.018 billion.\u00a0 The transaction furthers the objective announced on May 28, 2024, to opportunistically monetize the spectrum that was not included in the sale to T-Mobile that closed on August 1, 2025. Following the close of the AT&T transaction, the Array Board of Directors has declared a special cash dividend of $10.25 per Common Share and Series A Common Share.\u00a0 The special dividend is payable on February 2, 2026, … Continue reading "Array completes sale of select spectrum assets to AT&T for $1.018 billion"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-13T22:36:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=CG62685&sd=2026-01-13\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Array completes sale of select spectrum assets to AT&T for $1.018 billion\",\"datePublished\":\"2026-01-13T22:36:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\\\/\"},\"wordCount\":479,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/edge.prnewswire.com\\\/c\\\/img\\\/favicon.png?sn=CG62685&sd=2026-01-13\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/array-completes-sale-of-select-spectrum-assets-to-att-for-1-018-billion\\\/\",\"name\":\"Array completes sale of select spectrum assets to AT&T for $1.018 billion - 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