TDS subsidiary Array closes $1B spectrum sale to Verizon, declares $11/shr special dividend

TELEPHONE & DATA SYSTEMS INC /DE/

Array Digital Infrastructure (f/k/a US Cellular) completed sale of select spectrum assets to Verizon for $1.0B cash on June 1, 2026.
Array's board declared a special cash dividend of $11.00 per share on Common Stock and Series A Common Stock.
Record date is June 11, 2026; payment date is June 25, 2026.
TDS holds 33,005,877 Series A shares and 37,782,826 Common shares of Array, entitling it to substantial dividend proceeds.

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