Array Digital Infrastructure, Inc., previously known as United States Cellular Corporation, completed the divestiture of its wireless operations to T-Mobile for a total consideration of $4.3 billion. This amount comprises $2.6 billion in cash and $1.7 billion in debt assumed by T-Mobile. Array will retain its tower assets, which rank as the fifth largest in the U.S. Douglas W. Chambers has been appointed interim President and CEO, and the Company plans to change its ticker symbol to 'AD' on August 12, 2025. T-Mobile signed a 15-year Master License Agreement for use of Array's towers.
"The closing of the sale of UScellular's wireless operations and certain spectrum assets to T-Mobile marks an important milestone in the Company's 42-year history, allowing it to focus on its core tower business and enhance future growth opportunities."
"Total consideration received in today's closing was $4.3 billion after adjustments, which includes a combination of $2.6 billion in cash proceeds and approximately $1.7 billion in debt assumed by T-Mobile."
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