TDS subsidiary Array closes $1B Verizon spectrum sale, declares $11/share special dividend

Filed June 1, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

• high

  Array completed sale of spectrum assets to Verizon for $1.0 billion cash on June 1, 2026, converting wireless licenses into immediate liquidity for the TDS subsidiary.

  Item 8.01 verify on EDGAR →
• high

  Array declared $11.00 per share special dividend payable June 25, 2026 to shareholders of record as of June 11, 2026, distributing proceeds from the Verizon transaction.

  Item 8.01 verify on EDGAR →
• high

  TDS owns 70.8 million Array shares and will receive approximately $779 million from the special dividend, representing a major cash inflow to the parent company.

  Item 8.01 verify on EDGAR →