secwatch.observer — SEC 8-K summary
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Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2026-01-13T23:59:59+00:00
Accession:  0001051512-26-000002
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151226000002/0001051512-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151226000002/tds-20260113.htm
  HTML page:      https://secwatch.observer/filing/0001051512-26-000002

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