​Array Digital Infrastructure (AD) Completes the Sale of Spectrum License to Verizon

​Array Digital Infrastructure, Inc. (NYSE:AD) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. Recently, on June 1, Array Digital Infrastructure, Inc. (NYSE:AD) announced completing the sale of a portion of its spectrum license to Verizon for $1.0 billion. This follows a separate spectrum sale to T-Mobile for $168 million, covering 700MHz and 600MHz bands in May.

​Management noted that these transactions are part of the company’s broader strategy, announced in May 2024. As per this strategy, the company plans to monetize remaining spectrum assets following the sale of its T-Mobile wireless operations, which closed in August 2025.

​The sale followed a special cash dividend announcement from the Board of Directors of $11 per share, payable June 25, 2026, to shareholders of record as of June 11, 2026. The CEO of Array Digital, Anthony Carlson, called the transactions a significant milestone and reaffirmed the company’s commitment to returning value to shareholders through asset sale proceeds.

​Separately, the Board’s special committee is still evaluating a non-binding acquisition proposal from Telephone and Data Systems, though no decision has been made.

Array Digital Infrastructure, Inc. (NYSE:AD) formerly United States Cellular Corporation, is an owner and operator of shared wireless communications infrastructure in the United States. The Company, with over 4,400 cell towers in locations from coast to coast, enables the deployment of 5G and other wireless technologies throughout the country.

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