Array Digital completes $1.018B spectrum sale to AT&T, declares $10.25 special dividend

summarizeSummary

The completion of this significant asset disposition, representing a substantial portion of the company's market value, provides Array Digital Infrastructure with considerable cash proceeds. The immediate declaration of a large special dividend demonstrates the company's commitment to returning value to shareholders from this monetization event. This move significantly impacts the company's capital structure and offers a substantial direct return to investors.

check_boxKey Events

• Spectrum Asset Sale Completed

  Array Digital Infrastructure completed the previously announced sale of select spectrum assets to AT&T for $1.018 billion in cash. This transaction monetizes a significant portion of the company's retained spectrum licenses.

• Special Cash Dividend Declared

  The Board of Directors declared a special cash dividend of $10.25 per share, payable on February 2, 2026, to shareholders of record as of January 23, 2026. This represents a substantial return of capital to shareholders.

auto_awesomeAnalysis

The completion of this significant asset disposition, representing a substantial portion of the company's market value, provides Array Digital Infrastructure with considerable cash proceeds. The immediate declaration of a large special dividend demonstrates the company's commitment to returning value to shareholders from this monetization event. This move significantly impacts the company's capital structure and offers a substantial direct return to investors.