M&A
confidence high
sentiment positive
materiality 0.80
US Cellular sells spectrum assets to AT&T for $1.018 billion
ARRAY DIGITAL INFRASTRUCTURE, INC.
- Agreement includes 1,250M MHz-Pops of 3.45 GHz and 331M MHz-Pops of 700 MHz B/C block.
- Transaction is contingent on closing of proposed T-Mobile sale; regulatory approvals required.
- Combined with prior deals, US Cellular has agreements monetizing ~$2.02B of spectrum excluded from T-Mobile deal.
- After proposed sales, US Cellular retains 1.86B MHz-Pops low/mid-band and 17.2B MHz-Pops mmWave spectrum.
- TDS (83% shareholder) delivered written consent; no further shareholder vote needed.