UScellular to Change Name to Array Digital Infrastructure After T-Mobile Acquisition

UScellular announces name change to Array Digital Infrastructure, with Doug Chambers as interim President and CEO. The company expects to close the sale of its wireless operations to T-Mobile on August 1, 2025. Chambers will oversee the post-closing business, which will retain 4,400 owned towers, noncontrolling investment interests, and wireless spectrum. The new ticker symbol will be "AD" for its Common Stock.

United States Cellular Corporation (NYSE: USM), a leading wireless provider, has announced significant developments in its ongoing divestment process. The company expects to close the sale of its wireless operations to T-Mobile US, Inc. on August 1, 2025 [1]. Following the transaction, UScellular will rebrand as Array Digital Infrastructure, Inc. (AD) and will be led by Doug Chambers as its interim President and CEO [1].

Douglas W. Chambers, who currently serves as Executive Vice President, Chief Financial Officer, and Treasurer of UScellular, will oversee the post-closing business. This business will retain 4,400 owned towers, noncontrolling investment interests, and wireless spectrum. Chambers brings extensive industry experience and a deep understanding of UScellular's operations and strategy, making him well-suited to lead the transition [1].

The name change and the appointment of Chambers are subject to the closing of the T-Mobile Transaction. Upon closing, UScellular's ticker symbol on the NYSE will change from "USM" to "AD" for its Common Stock. The company will also launch a new website and a new company logo, but will remain headquartered in Chicago, IL [1].

In addition to these developments, UScellular has announced plans for a significant special cash dividend in the range of $22.50 - $23.75 per share, totaling approximately $1.950 billion - $2.075 billion [2]. This dividend is contingent upon the closing of the sale of the company's wireless operations and select spectrum assets to T-Mobile US, Inc. Telephone and Data Systems (TDS), which owns approximately 81% of UScellular, will receive its pro-rata share of the special dividend [2].

The T-Mobile Transaction is expected to close on August 1, 2025, subject to satisfaction of closing conditions. The company's forward-looking statements include the expected closing date of the transaction, which may be affected by certain risks and uncertainties, including the successful completion of the announced transactions [1].

References:
[1] https://www.prnewswire.com/news-releases/uscellular-announces-expected-name-change-to-array-digital-infrastructure-302513553.html
[2] https://www.stocktitan.net/news/TDS/u-scellular-announces-expected-amount-of-special-fnlzx3vkn53i.html