Array Digital Infrastructure sells spectrum assets to Verizon for USD 1 billion

Telephone And Data Systems
Array Digital
Verizon Communications Inc.

Telephone And Data Systems

TDS

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Array Digital

AD

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Verizon Communications Inc.

VZ

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  • Array Digital Infrastructure closed the sale of select retained spectrum licenses to Verizon for USD 1 billion.
  • Completed additional spectrum sales to T-Mobile totaling USD 168 million in May, mainly tied to 700 MHz and 600 MHz.
  • Board declared a special cash dividend of USD 11 per common share and Series A common share, payable June 25 to holders June 11.
  • Company does not expect any additional dividends in 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Array Digital Infrastructure Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG72803) on June 01, 2026, and is solely responsible for the information contained therein.

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