Array Digital Infrastructure Posts Q2 2025 Net Income of $31 Million, Announces Special Dividend of $23.00 per Share

Array Digital Infrastructure (USM) reports Q2 2025 net income of $31 million, up 82% YoY. The company completed a $4.3 billion sale of wireless operations to T-Mobile and announced a special dividend of $23.00 per share. Array's focus now shifts to its 4,400 cell towers and a Master License Agreement with T-Mobile. Third-party tower revenues grew 12%, and pending spectrum transactions with AT&T and Verizon are expected to close in 2025 and 2026.

Array Digital Infrastructure, Inc. (USM), formerly known as United States Cellular Corporation, reported its second-quarter 2025 financial results, showing a significant improvement in net income. The company reported a net income of $31 million for the period, marking an 82% year-over-year increase [1].

The quarter was marked by several key developments. The company completed the sale of its wireless operations and select spectrum assets to T-Mobile for a total consideration of $4.3 billion, which includes a combination of cash and assumed debt. Additionally, Array declared a special dividend of $23.00 per share payable on August 19, 2025 [1].

Array's focus has now shifted to its 4,400 cell towers and a Master License Agreement with T-Mobile. The company's third-party tower revenues increased by 12% in Q2 2025, highlighting the growing demand for tower space in the industry. Pending spectrum transactions with AT&T and Verizon are expected to close in the second half of 2025 and the third quarter of 2026, respectively, subject to regulatory approvals and satisfaction of closing conditions [1].

Telephone and Data Systems, Inc. (TDS), the parent company, has appointed Ken Dixon as the new President and CEO of TDS Telecom. This appointment comes at a pivotal time for TDS's fiber business, which delivered 27,000 marketable fiber services addresses and added 3,900 residential broadband net additions in Q2 2025. TDS Telecom revenues were down 1% compared to the same period last year, primarily due to divestitures of non-strategic assets [1].

TDS' current estimates for full-year 2025 results for TDS Telecom show total operating revenues of $1,030 to $1,070 million, adjusted OIBDA of $310 to $350 million, and adjusted EBITDA of $320 to $360 million. Capital expenditures are expected to remain unchanged at $375 to $425 million [1].

Investors are encouraged to consider the risks and uncertainties outlined in the most recent filing of TDS' Form 10-K, as updated by any TDS Form 10-Q filed subsequent to such Form 10-K. For more information, visit the respective company websites: TDS: www.tdsinc.com, Array: investors.arrayinc.com, TDS Telecom: www.tdstelecom.com.

References:
[1] https://www.prnewswire.com/news-releases/tds-reports-second-quarter-2025-results-302525695.html