ARRAY DIGITAL INFRASTRUCTURE, INC. (AD): M&A transaction — Array Digital sells spectrum assets to AT&T for $1.018B; declares $10.25 special dividend

ARRAY DIGITAL INFRASTRUCTURE, INC.

Sold select spectrum licenses to AT&T for $1.018 billion in cash; $232 million allocated to 700 MHz band licenses.
Board declared special cash dividend of $10.25 per common and Series A common share, payable Feb 2, 2026 to holders of record Jan 23, 2026.
Transaction monetizes retained spectrum not included in T-Mobile sale closed Aug 1, 2025; furthers previously announced strategy.
Special dividend expected to be largely designated as ordinary and qualified dividend for 1099-DIV reporting.
Advisors: Citigroup, Centerview, TD Securities, Wells Fargo for TDS; PJT Partners for Array independent directors.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ARRAY DIGITAL INFRASTRUCTURE, INC. completed a disposition involving New Cingular Wireless PCS, LLC (AT&T) for $1.018 billion (closed 2026-01-13).

Action: disposition
Counterparty: New Cingular Wireless PCS, LLC (AT&T)
Consideration: $1.018 billion
Closing: 2026-01-13

Exact text from the filing

occurred at the Closing and, accordingly, no portion of the purchase price was deferred. --- EX-99.1 (EX-99.1) --- Array completes sale of select spectrum assets to AT&T for $1.018 billion Board declares special dividend of $10.25 per share CHICAGO (January 13, 2026) – Array Digital Infrastructure, Inc. SM (NYSE: AD) (Array SM ) today announced the successful

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Source: SEC EDGAR

accession 0000821130-26-000003

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