Telephone And Data Systems, Inc. shares rise 1.63% intraday after UScellular announces expected name change to Array Digital Infrastructure.

Telephone And Data Systems, Inc. rose 1.63% in intraday trading, with the company and UScellular set to release their second quarter operating results on August 11, 2025. Additionally, UScellular announced a name change to Array Digital Infrastructure and the appointment of Doug Chambers as interim President and CEO, following the expected closure of the sale of its wireless operations to T-Mobile US, Inc. on August 1, 2025. The company also expects to pay a special cash dividend in the range of $22.50 - $23.75 per share following the sale.