secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001104659-24-065327
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UScellular sells wireless operations to T-Mobile for $4.4B cash and up to $2B debt
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- Purchase price: $4.4B cash plus assumption of up to ~$2B debt; expected close mid-2025 subject to regulatory approvals.
- UScellular retains ~70% of spectrum, 4,400 towers, and equity investments; T-Mobile to lease at least 2,015 towers under a new MLA.
- Transaction approved by UScellular and TDS boards; TDS (83% shareholder) consented; no shareholder vote required.
- UScellular plans to return capital to shareholders after close; pro forma and segment financials to be provided later.
- Advisors: Citigroup, Centerview, Sidley Austin for TDS; PJT Partners, Cravath for UScellular independent directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000110465924065327/0001104659-24-065327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000110465924065327/tm2415626d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-065327

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