---
schema_version: "secwatch.filing_event.v1"
accession: "0001051512-26-000055"
form_type: "8-K"
ticker: "TDS"
cik: "0001051512"
company_name: "TELEPHONE & DATA SYSTEMS INC /DE/"
filed_at: "2026-06-01T20:11:26+00:00"
generated_at: "2026-06-01T20:22:29.471080+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001051512-26-000055
- form_type: 8-K
- ticker: TDS
- cik: 0001051512
- company_name: TELEPHONE & DATA SYSTEMS INC /DE/
- filed_at: 2026-06-01T20:11:26+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051512/000105151226000055/0001051512-26-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051512/000105151226000055/tds-20260601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001051512-26-000055
- JSON: https://secwatch.observer/filing/0001051512-26-000055.json
- Plain text: https://secwatch.observer/filing/0001051512-26-000055.txt

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