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:  0001104659-24-065665
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United States Cellular sells wireless ops to T-Mobile for $4.4B cash plus debt assumption
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- Total purchase price $4.4B, payable in cash and assumption of certain debt; $400M allocated to spectrum licenses held by Designated Entities.
- Closing conditions include HSR, FCC, CFIUS clearance; $60M termination fee payable by T-Mobile if regulatory approvals fail.
- TDS (majority stockholder) delivered written consent approving the deal; no additional stockholder vote required.
- Buyer to conduct exchange offer for up to $2.044B of Seller debt; Master License Agreement for ~2,000 towers with 15-year term.
- Put/Call Agreement for 600 MHz spectrum licenses for ~$106M aggregate; Short-Term Spectrum Manager Lease Agreement for 1-year transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000110465924065665/0001104659-24-065665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000110465924065665/tm2415626d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-065665

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