UScellular announces expected name change to Array Digital Infrastructure
UScellular (NYSE:TDS) announced significant changes as it prepares to complete the sale of its wireless operations to T-Mobile US on August 1, 2025. The company will rebrand as Array Digital Infrastructure and change its NYSE ticker symbol from "USM" to "AD".
The company appointed Douglas W. Chambers, current Executive VP, CFO and Treasurer, as interim President and CEO. In his new role, Chambers will oversee operations related to the company's portfolio of 4,400 owned towers, noncontrolling investments, and retained wireless spectrum.
Additionally, the company expects to distribute a special cash dividend between $22.50 - $23.75 per Common Share and Series A Common Share following the wireless operations sale closure.
UScellular (NYSE:TDS) ha annunciato cambiamenti significativi in vista del completamento della vendita delle sue operazioni wireless a T-Mobile US il 1° agosto 2025. L'azienda cambierà nome in Array Digital Infrastructure e modificherà il simbolo di borsa NYSE da "USM" a "AD".
È stato nominato Douglas W. Chambers, attuale Vicepresidente Esecutivo, CFO e Tesoriere, come Presidente e CEO ad interim. Nel suo nuovo ruolo, Chambers supervisionerà le operazioni legate al portafoglio di 4.400 torri di proprietà, agli investimenti non di controllo e allo spettro wireless mantenuto dall'azienda.
Inoltre, la società prevede di distribuire un dividendo speciale in contanti compreso tra 22,50 e 23,75 dollari per azione ordinaria e azione ordinaria di Serie A dopo la chiusura della vendita delle operazioni wireless.
UScellular (NYSE:TDS) anunció cambios importantes mientras se prepara para completar la venta de sus operaciones inalámbricas a T-Mobile US el 1 de agosto de 2025. La compañía cambiará su nombre a Array Digital Infrastructure y modificará su símbolo bursátil en NYSE de "USM" a "AD".
La empresa nombró a Douglas W. Chambers, actual vicepresidente ejecutivo, CFO y tesorero, como presidente y CEO interino. En su nuevo cargo, Chambers supervisará las operaciones relacionadas con la cartera de 4,400 torres propias, inversiones sin control y el espectro inalámbrico retenido por la compañía.
Además, la compañía espera distribuir un dividendo especial en efectivo entre $22.50 y $23.75 por acción común y acción común Serie A tras el cierre de la venta de operaciones inalámbricas.
UScellular (NYSE:TDS)는 2025년 8월 1일에 T-Mobile US에 무선 사업을 매각 완료할 준비를 하면서 중대한 변화를 발표했습니다. 회사는 Array Digital Infrastructure로 사명을 변경하고 NYSE 티커 심볼을 "USM"에서 "AD"로 변경할 예정입니다.
회사는 현재 부사장 겸 CFO, 재무담당 이사인 Douglas W. Chambers를 임시 사장 겸 CEO로 임명했습니다. Chambers는 새로운 역할에서 회사가 보유한 4,400개 타워 포트폴리오, 비지배 투자 및 보유 무선 스펙트럼과 관련된 운영을 감독할 것입니다.
또한 회사는 무선 사업 매각 완료 후 보통주 및 시리즈 A 보통주 주당 22.50달러에서 23.75달러 사이의 특별 현금 배당금을 분배할 예정입니다.
UScellular (NYSE:TDS) a annoncé des changements importants alors qu'elle se prépare à finaliser la vente de ses opérations sans fil à T-Mobile US le 1er août 2025. La société sera rebaptisée Array Digital Infrastructure et changera son symbole boursier NYSE de "USM" à "AD".
La société a nommé Douglas W. Chambers, actuel vice-président exécutif, directeur financier et trésorier, président et CEO par intérim. Dans ce nouveau rôle, Chambers supervisera les opérations liées au portefeuille de 4 400 tours possédées, aux investissements minoritaires et au spectre sans fil conservé par la société.
De plus, la société prévoit de distribuer un dividende exceptionnel en espèces entre 22,50 $ et 23,75 $ par action ordinaire et action ordinaire de série A à la suite de la clôture de la vente des opérations sans fil.
UScellular (NYSE:TDS) gab bedeutende Änderungen bekannt, während das Unternehmen die Übernahme seiner drahtlosen Geschäfte durch T-Mobile US am 1. August 2025 vorbereitet. Das Unternehmen wird in Array Digital Infrastructure umbenannt und ändert sein NYSE-Tickersymbol von "USM" zu "AD".
Douglas W. Chambers, derzeit Executive VP, CFO und Schatzmeister, wurde zum interimistischen Präsidenten und CEO ernannt. In seiner neuen Rolle wird Chambers die Operationen im Zusammenhang mit dem Portfolio von 4.400 eigenen Türmen, nicht beherrschenden Beteiligungen und dem verbleibenden drahtlosen Spektrum des Unternehmens überwachen.
Zusätzlich plant das Unternehmen nach Abschluss des Verkaufs der drahtlosen Geschäfte eine Sonderdividende in bar zwischen 22,50 und 23,75 US-Dollar pro Stammaktie und Serie-A-Stammaktie auszuschütten.
- Expected special cash dividend of $22.50-$23.75 per share following transaction closure
- Retention of valuable assets including 4,400 owned towers and wireless spectrum
- Seamless leadership transition with experienced executive Douglas Chambers
- Strategic repositioning as a digital infrastructure company with potential for spectrum monetization
- Uncertainty regarding permanent CEO appointment
- Major business model transition from wireless operations to infrastructure focus
- Significant corporate restructuring and rebranding costs
Insights
UScellular's transformation to Array Digital Infrastructure marks strategic pivot to tower assets following T-Mobile wireless sale with substantial dividend planned.
This announcement signals a complete transformation for UScellular as it prepares to divest its core wireless operations to T-Mobile on August 1, shifting from a wireless carrier to a tower infrastructure company. The rebrand to Array Digital Infrastructure represents a fundamental business model transformation, with the company pivoting to focus on its portfolio of 4,400 owned towers, noncontrolling investments, and retained wireless spectrum assets.
The appointment of CFO Douglas Chambers as interim CEO indicates the company is prioritizing financial expertise during this critical transition phase while evaluating permanent leadership. This suggests a deliberate, phased approach to the transformation rather than an immediate complete overhaul.
Most significantly for investors, the company plans a substantial special cash dividend between
The company's plan to change its ticker symbol from "USM" to "AD" completes the rebranding effort and clearly signals to the market that this is essentially becoming a new company with a different asset focus and business model. Array will likely be valued based on tower infrastructure metrics rather than wireless carrier fundamentals going forward, representing a wholesale transformation of the investment thesis for existing shareholders.
Appoints Doug Chambers as interim President and CEO of Array SM
Expects to close on the sale of the wireless operations on August 1
- Douglas W. Chambers will serve as interim President and Chief Executive Officer (CEO) of the post-closing business
- The post-closing business will change its name to Array Digital Infrastructure, Inc.SM
Chambers currently serves as Executive Vice President, Chief Financial Officer and Treasurer of UScellular. As interim CEO of Array, he will be responsible for overseeing operations and strategic initiatives related to the portfolio of 4,400 owned towers, noncontrolling investment interests and retained wireless spectrum.
"As we progress through the divestiture of the wireless operations, we are pleased to take these next steps in announcing leadership as well as the new legal name, Array Digital Infrastructure, Inc., of the post-closing company. Doug brings decades of industry experience and a robust understanding of the company's strategy and overall operations, making him well suited to serve as interim President and CEO," said LeRoy T. Carlson, Jr., UScellular Board Chair. "The Board is confident that Doug is the right leader to oversee the successful transition to Array while we consider potential choices for a permanent CEO."
"I am honored to assume the role of interim CEO of Array at this pivotal time for the company," said Chambers. "We have a great opportunity ahead of us and I look forward to working with the Board and our management team to continue to strengthen our tower business, seek opportunities to monetize our retained spectrum, and work towards closing the announced spectrum transactions."
Mr. Chambers joined the TDS family of companies in 2007 and has served as Executive Vice President, CFO and Treasurer of UScellular for the past six years. He also currently serves on the board of UScellular.
In connection with the name change, the Company intends to change its ticker symbol on the NYSE to "AD" for its Common Stock. The new ticker symbol will replace the Company's current ticker symbol "USM" which has been used since its initial public offering in 1988.
As part of the corporate name change, the Company will launch a new website and a new company logo. Array Digital Infrastructure, Inc. expects to remain headquartered in
Additional Developments - In a separate press release issued today, UScellular also announced that it expects its board of directors to approve a special cash dividend in the range of
About UScellular
United States Cellular Corporation provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to customers with 4.4 million retail connections in 21 states. The
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the company's plans, beliefs, estimates, and expectations, including with respect to the expected closing date of the transaction with T-Mobile. These statements are based on current estimates, projections, and assumptions, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Important factors that may affect these forward-looking statements include but are not limited to: whether the announced transactions whereby UScellular has agreed to sell its wireless operations and selected spectrum assets will be successfully completed. Investors are encouraged to consider these and other risks and uncertainties that are more fully described under "Risk Factors" in the most recent filing of UScellular's Form 10-K, as updated by any UScellular Form 10-Q filed subsequent to such Form 10-K.
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SOURCE Telephone and Data Systems, Inc. and United States Cellular Corporation
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