---
schema_version: "secwatch.filing_event.v1"
accession: "0001051512-26-000002"
form_type: "8-K"
ticker: "TDS"
cik: "0001051512"
company_name: "TELEPHONE & DATA SYSTEMS INC /DE/"
filed_at: "2026-01-13T23:59:59+00:00"
generated_at: "2026-05-16T10:33:31.598581+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TDS subsidiary Array sells spectrum to AT&T for $1.018B; declares $10.25/shr special dividend

## Summary
- Array (f/k/a US Cellular) completed sale of select spectrum assets to AT&T on Jan 13, 2026 for $1.018B cash.
- Previously deferred $232M for 700 MHz licenses also closed at closing; no deferred amount remains.
- Array Board declared special dividend of $10.25 per share on Common and Series A Common stock.
- Record date Jan 23, 2026; payable Feb 2, 2026. TDS holds 70.8M combined shares.
- TDS is the majority stockholder of Array and will receive a significant portion of the dividend.

## SEC filing metadata
- accession: 0001051512-26-000002
- form_type: 8-K
- ticker: TDS
- cik: 0001051512
- company_name: TELEPHONE & DATA SYSTEMS INC /DE/
- filed_at: 2026-01-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051512/000105151226000002/0001051512-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051512/000105151226000002/tds-20260113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001051512-26-000002
- JSON: https://secwatch.observer/filing/0001051512-26-000002.json
- Plain text: https://secwatch.observer/filing/0001051512-26-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.