TDS closes $4.3 billion sale of wireless operations to T-Mobile
On August 1, 2025, TDS and subsidiary Array completed the sale of Array's wireless operations and select spectrum assets to T-Mobile for an adjusted purchase price of about $4.3 billion, of which about $2.6 billion was cash and about $1.7 billion was paid through T-Mobile's exchange of Array notes. The deal also led to repayment of Array debt, a $23.00 per share special dividend declared by Array, and a master license agreement for Array towers, and the pro forma figures show the remaining business is far smaller than the reported results.
Key points
- Adjusted purchase price about $4.3 billion: about $2.6 billion in cash and about $1.7 billion through exchange of Array notes
- Array declared a $23.00 per share special dividend on August 1, 2025, payable August 19, 2025
- Pro forma Q1 2025 operating revenues were $308 million versus $1,154 million as reported
- Array's securitization facility was terminated July 31, 2025; bank facilities to be paid off effective August 4, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.