TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) Form 8-K — Jun 1, 2026
Telephone and Data Systems, Inc. (TDS) announced the completion of the sale of select spectrum assets from its subsidiary Array Digital Infrastructure to Verizon Communications for $1.0 billion in cash. This transaction fulfills the terms of the License Purchase Agreement dated October 17, 2024, providing TDS with significant immediate liquidity. In a related move, Array’s Board of Directors declared a special cash dividend of $11.00 per share for holders of Array’s Common Stock and Series A Common Stock.
Key figures
- Deal Value Usd
- 1000000000
- Tds common shares
- 37782826
- Dividend per share
- 11
- Tds series a shares
- 33005877
Price after filing
Close on the filing date to close N calendar days later (from $39.43). Historical, not a forecast.
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