ARRAY DIGITAL INFRASTRUCTURE, INC.

Array Digital Infrastructure, Inc. reported its third quarter 2026 results, with total operating revenues increasing 14% year over year to $53.87 million. Site rental revenues also grew 14% to $52.475 million. However, net income attributable to Array shareholders decreased by 36% to $69.58 million, and diluted EPS from continuing operations fell to $0.81 from $1.25 in the prior year's quarter. The company reaffirmed its 2026 financial guidance and noted that TDS is no longer pursuing its acquisition proposal. Approximately $30 million in spectrum licenses are still pending sale.

Array Digital Infrastructure, Inc. reported a significant increase in net income attributable to shareholders to $358.7 million for Q2 2026, up from $31.5 million in Q2 2025, primarily driven by substantial gains from wireless spectrum license sales. Total operating revenues rose 90% to $54.1 million. The company also announced a non-binding proposal from TDS to acquire all outstanding Array Common Shares not owned by TDS, and paid special dividends totaling $1.8 billion from spectrum sale proceeds.

Array Digital Infrastructure reported strong second quarter 2026 results, with total operating revenues increasing 90% year-over-year to $54.1 million and diluted EPS from continuing operations reaching $3.86. The company updated its 2026 guidance, narrowing its revenue range and increasing its Adjusted EBITDA range. These results were significantly bolstered by over $1.16 billion in wireless spectrum sales, which also funded a special dividend of $11 per common share. Additionally, a special committee is evaluating a non-binding proposal from TDS to acquire all outstanding Array Common Shares not owned by TDS.

Array Digital Infrastructure, Inc. announced the successful closing of the previously announced agreement to sell select spectrum assets to Verizon Communications Inc. for $1.0 billion in cash. Additionally, the company completed other spectrum sales to T-Mobile totaling $168 million in May. Following these transactions and considering current cash on hand, Array's Board of Directors declared a special cash dividend of $11.00 per share, payable on June 25, 2026, to shareholders of record as of June 11, 2026. The company does not anticipate paying any additional dividends in 2026 and noted this special dividend is unrelated to the ongoing evaluation of a non-binding acquisition proposal from Telephone and Data Systems, Inc.

Array Digital Infrastructure, Inc. reported a significant increase in net income from continuing operations to $180.024 million for Q1 2026, up from $5.483 million in Q1 2025. Site rental revenues grew by 92% to $51.024 million, primarily driven by the T-Mobile Master License Agreement. The company also closed the sale of certain wireless spectrum licenses to AT&T for $1,018.0 million, generating a $156.6 million book gain, and paid a special dividend of $885.5 million. Additionally, TDS delivered a non-binding proposal to acquire all outstanding Array Common Shares not owned by TDS, which is currently under review by a special committee.

Array Digital Infrastructure, Inc. announced that its majority owner, TDS, delivered a non-binding proposal to acquire all outstanding Array Common Shares not currently owned by TDS. This strategic development coincides with Array reporting strong first-quarter 2026 results, including a 93% increase in total operating revenues to $52.0 million and net income attributable to shareholders of $179.8 million, significantly boosted by a $156.6 million gain from spectrum sales. The company also reaffirmed its full-year 2026 guidance and provided updates on ongoing spectrum transactions, while noting a dispute with DISH Wireless over unpaid contractual commitments.

Array Digital Infrastructure, Inc. announced that its Board of Directors received a non-binding proposal from Telephone and Data Systems, Inc. (TDS) to acquire all outstanding common shares of Array not currently owned by TDS. TDS currently holds approximately 81.9% of Array's capital stock and 95.9% of voting interests. In response, Array's Board established a Special Committee of three independent directors, which has engaged independent financial and legal advisors, to evaluate the proposal. The proposal is non-binding and conditioned on the Special Committee's recommendation and approval by disinterested shareholders.