secwatch.observer — SEC 8-K summary
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Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2026-06-01T20:11:26+00:00
Accession:  0001051512-26-000055
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151226000055/0001051512-26-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151226000055/tds-20260601.htm
  HTML page:      https://secwatch.observer/filing/0001051512-26-000055

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