UScellular Completes Sale of Wireless Operations

CHICAGO, Aug. 1, 2025 /PRNewswire/ -- Array Digital Infrastructure, Inc.^SM (NYSE: USM) (the "Company"), formerly known as United States Cellular Corporation, and Telephone and Data Systems, Inc. (NYSE: TDS) today announced the successful closing of the previously announced divestiture of the Company's wireless operations and select spectrum assets to T-Mobile US, Inc. (T-Mobile). Total consideration received in today's closing was $4.3 billion after adjustments, which includes a combination of $2.6 billion in cash proceeds and approximately $1.7 billion in debt assumed by T-Mobile through an exchange offer made to UScellular's debtholders, which is expected to close on August 5, 2025. The amounts are subject to final adjustment approximately 180 days after the closing date.

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