United States Stock Price, News & Analysis

Array Digital Infrastructure (NYSE: USM), formerly United States Cellular Corporation, has declared a special cash dividend of $23.00 per share following the sale of its wireless operations to T-Mobile. The dividend will be paid on August 19, 2025, to shareholders of record on August 11, 2025.

Due to the dividend's size exceeding 25% of the current stock price, shares will trade with "due bills" through the payment date. The ex-dividend date is set for August 20, 2025. Array, now a leading wireless infrastructure operator, owns over 4,400 cell towers nationwide and operates as an 81% owned subsidiary of Telephone and Data Systems (NYSE: TDS).

Array Digital Infrastructure (NYSE: TDS), formerly UScellular, has completed the sale of its wireless operations and select spectrum assets to T-Mobile for $4.3 billion. The deal includes $2.6 billion in cash and $1.7 billion in assumed debt.

Array will retain its 4,400 owned towers, making it the fifth largest tower business in the US. T-Mobile has entered a 15-year Master License Agreement to be a tenant on 2,015 towers and extend leases on 600 existing towers. Douglas W. Chambers has been appointed interim President and CEO, and the company will change its ticker symbol to "AD" on August 12, 2025.

Additionally, Array has agreements with Verizon, AT&T, and two other operators to sell retained spectrum licenses, subject to regulatory approval.

Telephone and Data Systems (NYSE: TDS) and United States Cellular Corporation (NYSE: USM) have scheduled their second quarter 2025 operating results conference call for August 11, 2025, at 9:00 a.m. Central Time. The financial results will be released the same day.

TDS, founded in 1969 and headquartered in Chicago, serves approximately 5.5 million connections nationwide through UScellular and TDS Telecom, offering wireless, broadband, video, and voice services. The company employs about 7,800 associates as of March 31, 2025.

UScellular (NYSE:TDS) has announced plans for a significant special cash dividend of $22.50 - $23.75 per share, totaling approximately $1.950 billion - $2.075 billion. The dividend is contingent upon closing the sale of the company's wireless operations and select spectrum assets to T-Mobile US, Inc.

The company provided a detailed reconciliation of the $4.4 billion gross purchase price, accounting for various deductions including $1.665 billion in senior notes assumption, $865 million in term loan repayments, and other adjustments. Post-transaction, the company will rebrand as Array Digital Infrastructure, Inc., with Doug Chambers serving as interim CEO.

Telephone and Data Systems (TDS), which owns approximately 81% of UScellular, will receive its pro-rata share of the special dividend.

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: USM) and Telephone and Data Systems (NYSE: TDS) have received Federal Communications Commission (FCC) approval for their transaction with T-Mobile US, Inc. The deal involves the sale of UScellular's wireless operations and select spectrum assets.

UScellular currently serves 4.4 million retail connections across 21 states and employs 4,100 associates. TDS owns approximately 83% of UScellular as of Q1 2025.

United States Cellular (NYSE: USM) and Telephone and Data Systems (NYSE: TDS) announced that the US Department of Justice Antitrust Division has concluded its investigation into their proposed transaction with T-Mobile. The deal still requires Federal Communications Commission (FCC) approval, and both companies are actively working with the FCC during their independent review process.

UScellular (NYSE: USM) reported its Q1 2025 financial results, showing total operating revenues of $891 million, down from $950 million year-over-year. Service revenues decreased to $741 million from $754 million. Net income remained stable at $18 million, with EPS slightly increasing to $0.21 from $0.20. The company highlighted improved postpaid handset results and a 6% increase in third-party tower rental revenues. Notably, UScellular is in the process of selling its wireless operations to T-Mobile, expected to close in mid-2025. The company also has pending spectrum license sales agreements with Verizon, AT&T, Nsight Spectrum, and Nex-Tech Wireless. During Q1 2025, UScellular repurchased 328,835 shares for $21 million. Due to the pending T-Mobile transaction, no 2025 financial guidance was provided.

Telephone and Data Systems (TDS) and its subsidiary UScellular (USM) have announced they will release their first quarter operating results on May 2, 2025. The companies will host a joint conference call and webcast at 9:00 a.m. Central Time on the same day.

TDS, founded in 1969 and headquartered in Chicago, provides wireless, broadband, video, and voice services to approximately 5.5 million connections nationwide through UScellular and TDS Telecom. The company employed around 7,900 associates as of December 31, 2024.

Investors can access the webcast through the events & presentations pages on investors.tdsinc.com or investors.uscellular.com. Participants are advised to register at least 15 minutes before the presentation to ensure proper setup of necessary streaming software.