U.S. Cellular (NYSE:USM) reported results on Aug. 11, 2025, immediately following the $4.3 billion sale of its wireless business and select spectrum assets to T-Mobile, which closed on Aug. 1, 2025. The transaction triggered a $23 per share special dividend, declared on Aug. 1, 2025, a material de-leveraging, and a strategic shift toward a focused tower and fiber business under the company's new name and brand Array Digital Infrastructure. Key developments included immediate balance sheet strengthening, execution of major spectrum sales agreements, and progress toward ambitious fiber deployment targets.

U.S. Cellular, now rebranded as Array Digital Infrastructure, closed the $4.3 billion sale of its wireless operations and certain spectrum holdings to T-Mobile on Aug. 1, 2025. The company retained 4,400 towers and substantial spectrum assets, and has a T-Mobile master license agreement (MLA) covering 2,015 new colocations for 15 years, plus 600 term extensions, effective Aug. 1, 2025.

This transaction represents a decisive exit from retail wireless, delivers immediate liquidity, and empowers management to target long-duration recurring revenue infrastructure segments with a less leveraged, more flexible capital base.

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Source Fool.com