Array Digital Infrastructure (AD) reported its first full quarter post‑pivot to towers and spectrum monetization. For Q3 2025, total operating revenues rose to $47.1 million (up 83% year over year), driven by tower site rentals tied to a new Master License Agreement with T‑Mobile. Net income from continuing operations was $109.9 million, while a loss from discontinued operations led to a net loss attributable to shareholders of $38.5 million.
Adjusted EBITDA from continuing operations reached $85.1 million. Array owns 4,449 towers and, under the MLA, T‑Mobile committed to lease space on a minimum 2,015 towers for 15 years, plus about 1,800 interim sites up to 30 months. Cash and cash equivalents were $325.6 million as of September 30, 2025.
The company closed the sale of wireless operations and select spectrum to T‑Mobile for $4,293.8 million total consideration, including $2,628.8 million in cash and $1,665.0 million of debt assumed via exchange. It paid a $23.00 per‑share special dividend and entered a new $325.0 million term loan (SOFR + 2.50%). Pending spectrum sales to Verizon and AT&T remain subject to approvals.
Array Digital Infrastructure, Inc. furnished an update on its operations by issuing a news release covering results for the period ended September 30, 2025. The release is attached as Exhibit 99.1 and incorporated by reference. The information under Item 2.02 is being “furnished” and not deemed “filed” under the Exchange Act.
The company lists securities on the NYSE, including Common Shares (symbol USM) and senior notes (symbols UZD, UZE, UZF). The filing also reflects the former name United States Cellular Corporation.