Array Completes Strategic Sale of Spectrum Assets for $1.018 Billion
Array Digital Infrastructure, Inc. has successfully completed the sale of a part of its spectrum licenses to AT&T, netting an impressive total of $1.018 billion. This strategic move is aligned with Array's plan, initially announced on May 28, 2024, to capitalize on its retained spectrum that was not included in a previous deal with T-Mobile, which concluded on August 1, 2025.
The announcement was made on January 13, 2026, where Array's President and CEO, Anthony Carlson, expressed satisfaction with the significant financial outcome of this agreement. The completion of this sale not only brings in substantial revenue but also enables the company to continue prioritizing shareholder returns, underscoring its ongoing commitment to enhance shareholder value.
In conjunction with this announcement, Array's Board of Directors has declared a special cash dividend of $10.25 per Common Share and Series A Common Share. The dividend is set to be distributed on February 2, 2026, to shareholders who are on record as of January 23, 2026.
Carlson emphasized the importance of this dividend, stating, "We are pleased with the significant value realized in this sale. And we are continuing to return value to our shareholders in the form of a special dividend." This special cash dividend is expected to largely qualify as an ordinary dividend when 1099-DIV forms are issued for 2026, although it will be subject to the specific holding period requirements of shareholders.
Array’s robust positioning in the telecommunications sector, complemented by its extensive infrastructure of over 4,400 cell towers across the United States, empowers it to facilitate the rollout of advanced wireless technologies, including 5G. Headquartered in Chicago, the company is approximately 82% owned by Telephone and Data Systems, Inc. (TDS).
In terms of advisory, Citigroup Global Markets Inc. acted as the lead financial advisor for the transaction, while Centerview Partners LLC provided advisory services to TDS. Additionally, several other esteemed firms provided crucial regulatory and financial guidance throughout the transaction process.
This transaction marks a pivotal moment for Array Digital Infrastructure, highlighting its strategic agility in managing its assets and their optimal monetization. The company now stands better positioned to concentrate on future opportunities in the burgeoning digital landscape, promising continued innovation and development in the wireless communication arena.
For more information about Array Digital Infrastructure, its dividends, and future plans, stakeholders and interested parties are encouraged to visit the company’s investor relations page at investors.arrayinc.com. Furthermore, relevant updates and aggregated data regarding this transaction and its implications will be thoroughly monitored in the upcoming communications as Array continues to navigate its position within the fast-evolving telecommunications market. Overall, this development not only enhances Array's liquidity but also reiterates its commitment to maximizing shareholder value while positioning itself strategically within the competitive landscape of telecommunications infrastructure.
The announcement was made on January 13, 2026, where Array's President and CEO, Anthony Carlson, expressed satisfaction with the significant financial outcome of this agreement. The completion of this sale not only brings in substantial revenue but also enables the company to continue prioritizing shareholder returns, underscoring its ongoing commitment to enhance shareholder value.
In conjunction with this announcement, Array's Board of Directors has declared a special cash dividend of $10.25 per Common Share and Series A Common Share. The dividend is set to be distributed on February 2, 2026, to shareholders who are on record as of January 23, 2026.
Carlson emphasized the importance of this dividend, stating, "We are pleased with the significant value realized in this sale. And we are continuing to return value to our shareholders in the form of a special dividend." This special cash dividend is expected to largely qualify as an ordinary dividend when 1099-DIV forms are issued for 2026, although it will be subject to the specific holding period requirements of shareholders.
Array’s robust positioning in the telecommunications sector, complemented by its extensive infrastructure of over 4,400 cell towers across the United States, empowers it to facilitate the rollout of advanced wireless technologies, including 5G. Headquartered in Chicago, the company is approximately 82% owned by Telephone and Data Systems, Inc. (TDS).
In terms of advisory, Citigroup Global Markets Inc. acted as the lead financial advisor for the transaction, while Centerview Partners LLC provided advisory services to TDS. Additionally, several other esteemed firms provided crucial regulatory and financial guidance throughout the transaction process.
This transaction marks a pivotal moment for Array Digital Infrastructure, highlighting its strategic agility in managing its assets and their optimal monetization. The company now stands better positioned to concentrate on future opportunities in the burgeoning digital landscape, promising continued innovation and development in the wireless communication arena.
For more information about Array Digital Infrastructure, its dividends, and future plans, stakeholders and interested parties are encouraged to visit the company’s investor relations page at investors.arrayinc.com. Furthermore, relevant updates and aggregated data regarding this transaction and its implications will be thoroughly monitored in the upcoming communications as Array continues to navigate its position within the fast-evolving telecommunications market. Overall, this development not only enhances Array's liquidity but also reiterates its commitment to maximizing shareholder value while positioning itself strategically within the competitive landscape of telecommunications infrastructure.
Topics Telecommunications）
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