Welcome to our dedicated page for Array Digital Infrastructure news (Ticker: AD), a resource for investors and traders seeking the latest updates and insights on Array Digital Infrastructure stock.
Array Digital Infrastructure, Inc. operates as a U.S. wireless infrastructure company with a portfolio of more than 4,400 cell towers and retained wireless spectrum interests. News about AD centers on operating results released with Telephone and Data Systems, investor presentations, tower and wireless infrastructure strategy, and capital actions tied to spectrum monetization.
Company updates also cover completed asset sales, special dividend declarations, material agreements, governance changes, and the transition from United States Cellular Corporation to Array Digital Infrastructure following the sale of legacy wireless operations.
Telephone and Data Systems (NYSE:TDS) announced it is no longer pursuing its proposal to acquire the public Common Shares of Array Digital Infrastructure (NYSE:AD) that it does not already own and has withdrawn the offer. The withdrawn proposal would have exchanged each Array Common Share not owned by TDS for 0.86 TDS Common Shares, subject to stated assumptions. TDS will retain its approximately 82% ownership interest in Array.
According to TDS, despite extensive review, the parties did not reach agreement on the form of consideration and value. TDS supports Array’s intention to opportunistically monetize remaining wireless spectrum assets and plans to work with Array to pursue such opportunities. With the proposal withdrawn, TDS expects to recommence repurchases of TDS Common Shares under existing programs, including an additional $500 million authorization announced in November 2025. As of June 30, 2026, about $523.9 million remained available under TDS’s repurchase programs, with timing and size of repurchases at TDS’s discretion based on market and legal factors.
Array Digital Infrastructure (NYSE: AD) reported second quarter 2026 operating revenues from continuing operations of $54.1 million, up from $28.5 million a year earlier, driven by a 95% year-over-year increase in site rental revenues to $53.2 million. Net income from continuing operations attributable to shareholders rose to $333.8 million, with diluted EPS from continuing operations of $3.86 versus $0.17 in 2Q25.
Array closed multiple spectrum sales in 2Q26, including $74.8 million of 700 MHz licenses, $86.4 million of 600 MHz licenses and $1.0 billion of cellular and other spectrum licenses, and paid a special dividend of $11 per share on June 25, 2026. The company raised 2026 guidance, tightening total operating revenue to $205–$215 million, lifting Adjusted EBITDA to $220–$235 million, and Adjusted OIBDA to $60–$75 million, while keeping capital expenditures at $25–$35 million. Array also disclosed that it stopped recognizing revenue from DISH Wireless in 1Q26 and is monitoring DISH’s June 2026 bankruptcy proceedings. A special board committee is evaluating a May 7, 2026 non-binding proposal from TDS to acquire Array shares not already owned by TDS.
Telephone and Data Systems (NYSE:TDS) and Array Digital Infrastructure (NYSE:AD) will release their second quarter operating results and host a webcast conference call on August 7, 2026, at 9:00 a.m. Central Time. Investors can access live and on-demand webcasts via the events and presentations pages at investors.tdsinc.com and investors.arrayinc.com. Registration at least 15 minutes before the start is recommended to install any required streaming software.
Array Digital Infrastructure (NYSE: AD) completed the sale of select spectrum licenses to Verizon for $1.0 billion, plus additional spectrum sales to T-Mobile totaling $168 million.
The board declared a special cash dividend of $11.00 per share, payable June 25, 2026, to shareholders of record on June 11, 2026. Array does not currently expect further dividends in 2026. The dividend is described as unrelated to the ongoing review of a non-binding acquisition proposal from TDS.
Telephone and Data Systems (NYSE:TDS) and Array Digital Infrastructure (NYSE:AD) will webcast their 2026 Annual Meetings of Shareholders. Array’s meeting is on May 19, 2026 at 8:30 a.m. CT; TDS’s meeting is on May 21, 2026 at 9:00 a.m. CT.
Investors can access live and on-demand webcasts via the Events & Presentations pages at investors.arrayinc.com and investors.tdsinc.com. Registration about 15 minutes early is recommended.
Summary not available.
Array Digital Infrastructure (NYSE: AD) announced that its board received a non-binding proposal dated May 7, 2026 from Telephone and Data Systems (NYSE: TDS) to acquire all outstanding common shares not owned by TDS. TDS currently holds approximately 81.9% of outstanding stock and 95.9% of voting interests.
The Board formed a three-member special committee of independent directors to evaluate the Proposal and retained PJT Partners as financial adviser and Cravath, Swaine & Moore as legal counsel. The Proposal is non-binding and conditioned on the Special Committee recommendation and approval by disinterested stockholders; no decision has been reached.
Telephone and Data Systems (NYSE:TDS) proposed to acquire all public shares of Array Digital Infrastructure (NYSE:AD) in an all‑stock merger exchanging each Array share for 0.86 TDS shares, assuming prior spectrum sales and a $10.40 per‑share dividend (~$900M) are completed before closing. The deal is expected to be a tax‑free reorganization and is subject to definitive documentation, special committee review, disinterested Array stockholder approval, TDS shareholder approval, and customary closing conditions. Wells Fargo and Sidley Austin advise TDS.
TDS (NYSE: TDS) and Array Digital Infrastructure (NYSE: AD) will release first-quarter operating results and host a webcasted conference call on May 8, 2026 at 9:00 a.m. Central Time. The companies will publish financial results the same day and webcast the presentation live and on demand.
Investors can access the webcast via the events & presentations pages at investors.tdsinc.com or investors.arrayinc.com and are advised to register at least 15 minutes early to install any required streaming software.
Telephone and Data Systems (NYSE: TDS) and Array Digital Infrastructure (NYSE: AD) will present at the Raymond James 47th Annual Institutional Investors Conference in Orlando on March 3, 2026 at 10:25 a.m. ET.
Presenters include Vicki L. Villacrez and Kris Bothfeld of TDS. The presentation will be webcast live and available on demand via each company’s investor events pages; early registration is recommended.