Array Digital's Run as a Public Firm Is Nearing the End; FVE Lowered Following Dividend Payment

Array Digital Infrastructure, formerly US Cellular, is following a path we've long prescribed: carving up the wireless business among the large wireless companies in a way that maximizes value while minimizing the risk of regulators stepping in. The firm has completed the sale of its wireless operations to T-Mobile and a block of spectrum licenses to AT&T. An agreement to sell additional licenses to Verizon is likely to close in the coming months. Parent TDS has now offered to end Array’s run as a stand-alone entity, merging the firms to reduce complexity and potentially ease the path to additional asset sales.