UScellular Completes Sale of Wireless Operations

Array Digital Infrastructure, formerly known as UScellular, and TDS Telecommunications announced the successful closing of the divestiture of UScellular's wireless operations and select spectrum assets to T-Mobile. Total consideration received in the closing was $4.3 billion after adjustments, which includes a combination of $2.6 billion in cash proceeds and approximately $1.7 billion in debt assumed by T-Mobile through an exchange offer made to UScellular's debt holders, which is expected to close on August 5, 2025. The amounts are subject to final adjustment approximately 180 days after the closing date. Array will retain its approximately 4,400 owned towers, noncontrolling investment interests, and spectrum holdings across various bands. Array's tower assets represent the fifth largest tower business in the United States. The company has entered into agreements with Verizon, AT&T and two other mobile network operators to sell a portion of the spectrum licenses that were not included in the sale to T-Mobile.