secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0000821130-24-000058
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UScellular signs $1B spectrum sale to Verizon, plus smaller deals with two other operators
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- Sold 663M MHz POPs of Cellular (850 MHz) plus AWS and PCS licenses to Verizon for $1.0B cash, subject to adjustments.
- Also sold 12M MHz POPs of CBRS, C-Band, and 700 MHz B/C Block to two other mobile network operators; buyers undisclosed.
- All spectrum sales are contingent on closing of the T-Mobile purchase of UScellular wireless ops and spectrum, plus regulatory approvals.
- TDS, 82% shareholder, delivered written consent approving the Verizon transaction; no further shareholder vote needed.
- Retained spectrum: 3.4B MHz POPs low/mid-band (700 MHz, 3.45GHz, CBRS, C-Band) and 17.2B mmWave; further monetization ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000082113024000058/0000821130-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000082113024000058/usm-20241017.htm
  HTML page:      https://secwatch.observer/filing/0000821130-24-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer