Array Digital Closes $1.018B Deal with AT&T and Declares $10.25 Special Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Array Digital (AD) announced the successful closing of the previously announced agreement with AT&T (T) to sell a portion of the company's retained spectrum licenses for total consideration of $1.018B. Following the close of the AT&T transaction, the Array Board of Directors has declared a special cash dividend of $10.25 per Common Share and Series A Common Share. The special dividend is payable on February 2 to shareholders of record on January 23.
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Analyst Views on AD
Wall Street analysts forecast AD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AD is 61.00 USD with a low forecast of 60.00 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 48.920
Low
60.00
Averages
61.00
High
63.00
Current: 48.920
Low
60.00
Averages
61.00
High
63.00
About AD
Array Digital Infrastructure, Inc., formerly United States Cellular Corporation, is an owner and operator of shared wireless communications infrastructure in the United States. The Company, with over 4,400 cell towers in locations from coast to coast, enables the deployment of 5G and other wireless technologies throughout the country.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TG Therapeutics Reports $616 Million Revenue for FY 2025, Shares Surge 11.6%
- Strong Financial Performance: TG Therapeutics reported preliminary total global revenue of approximately $616 million for FY 2025, with Q4 U.S. net product revenue for BRIUMVI at about $182 million, indicating robust market performance that is expected to boost shareholder confidence.
- Significant Stock Surge: Following the earnings report, TG Therapeutics shares jumped 11.6% to $31.10 on Wednesday, reflecting investor optimism about the company's growth potential, which may attract more capital inflow.
- Positive Market Reaction: Despite a broader market decline with the Nasdaq Composite falling over 200 points, TG Therapeutics' strong financial data allowed it to stand out among numerous stocks, showcasing its competitiveness in the biopharmaceutical sector.
- Optimistic Future Outlook: Although the financial figures are unaudited, the preliminary results suggest that the company is poised for continued growth, particularly in the marketing of its BRIUMVI product, which could further enhance its market share.
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Array Digital Infrastructure Declares $10.25 Special Dividend Payable February 2
- Special Dividend Announcement: Array Digital Infrastructure has declared a special dividend of $10.25 per share, payable on February 2, with a record date of January 23 and an ex-dividend date of January 23, reflecting the company's strong cash flow and commitment to shareholder returns.
- Shareholder Return Strategy: The issuance of this special dividend not only highlights the positive free cash flow generated from tower operations but also indicates management's confidence in future financial health, aiming to bolster investor confidence and attract further investment.
- Management Change: Array Digital Infrastructure has appointed Anthony Carlson as CEO, whose extensive industry experience is expected to drive strategic development and enhance the company's market position in the digital infrastructure sector.
- Financial Health Indicators: While announcing the special dividend, the company showcased its stable financial performance and ongoing profitability, which is anticipated to positively impact the stock price and strengthen market confidence in its long-term growth potential.
See More
Array Digital Infrastructure Inc. Closes $1.018 Billion Spectrum Sale to AT&T
- Transaction Completion: Array Digital Infrastructure Inc. successfully closed its spectrum asset sale to AT&T for a total consideration of $1.018 billion, further advancing the company's strategic objectives and optimizing asset allocation for higher capital returns.
- Strategic Goal Achievement: This transaction is part of the strategic objective outlined on May 28, 2024, aimed at opportunistically monetizing spectrum assets not included in the earlier deal with T-Mobile, enhancing the company's financial flexibility.
- Special Cash Dividend: Following the transaction, Array's Board declared a special cash dividend of $10.25 per Common Share and Series A Common Share, expected to be paid on February 2, 2026, which enhances shareholder returns and attracts investor interest.
- Record Date for Shareholders: The special cash dividend will be payable to shareholders of record as of January 23, 2026, demonstrating the company's commitment to its shareholders and reflecting proactive capital management efforts.
See More
Array Digital Infrastructure (AD) Closes $1.018 Billion Spectrum Sale and Declares Special Dividend
- Successful Spectrum Sale: Array Digital Infrastructure has successfully closed the sale of a portion of its spectrum licenses to AT&T for a total consideration of $1.018 billion, furthering the company's objective announced on May 28, 2024, to opportunistically monetize spectrum, significantly enhancing its financial flexibility.
- Special Cash Dividend: Following the transaction, the Array Board declared a special cash dividend of $10.25 per Common Share and Series A Common Share, payable on February 2, 2026, to shareholders of record on January 23, 2026, aimed at rewarding shareholders and boosting investor confidence.
- Shareholder Return Strategy: CEO Anthony Carlson noted the significant value realized from the sale and emphasized the commitment to continue returning value to shareholders through special dividends, reflecting the company's focus on shareholder interests.
- Future Growth Potential: This transaction not only provides immediate cash flow but also supports future investments and expansions, enhancing the company's competitiveness in the digital infrastructure sector.
See More
Array Digital Infrastructure Declares $10.25 Special Dividend After $1.018 Billion Spectrum Sale
- Successful Spectrum Sale: Array Digital Infrastructure has successfully closed the sale of a portion of its spectrum licenses to AT&T for a total of $1.018 billion, furthering the company's objective to opportunistically monetize spectrum not included in the T-Mobile sale, thereby enhancing financial flexibility.
- Special Dividend Declaration: Following the transaction, the Array Board declared a special cash dividend of $10.25 per share, payable on February 2, 2026, to shareholders of record on January 23, 2026, demonstrating the company's commitment to returning value to its shareholders.
- Shareholder Tax Benefits: The special dividend is expected to be largely designated as an ordinary and qualified dividend on the 2026 1099-DIV forms, subject to shareholders' holding period requirements, potentially providing tax advantages to shareholders.
- Advisory Team: Citigroup Global Markets served as the lead financial advisor, with Centerview Partners, TD Securities, and Wells Fargo also advising on the transaction, ensuring a smooth process and supporting the company's future growth.
See More
Array Digital Infrastructure Declares $10.25 Special Dividend After $1.018 Billion Spectrum Sale
- Successful Spectrum Sale: Array Digital Infrastructure successfully closed a deal with AT&T to sell a portion of its spectrum licenses for a total of $1.018 billion, furthering the company's objective announced on May 28, 2024, to opportunistically monetize retained spectrum, enhancing financial flexibility.
- Special Dividend Declaration: Following the completion of the AT&T transaction, Array's Board of Directors declared a special cash dividend of $10.25 per share, payable on February 2, 2026, to shareholders of record on January 23, 2026, demonstrating the company's commitment to returning value to its shareholders.
- Dividend Nature Clarification: Array expects that the 1099-DIVs issued for 2026 will largely designate the special dividend as ordinary and qualified, subject to shareholders' holding period requirements, which will impact tax treatment for shareholders.
- Market Position Strengthening: As a leading owner and operator of shared wireless communications infrastructure in the U.S., Array operates over 4,400 cell towers, successfully facilitating the deployment of 5G and other wireless technologies, thereby solidifying its market position in the industry.
See More
TG Therapeutics Reports $616 Million Revenue for FY 2025, Shares Surge 11.6%
- Strong Financial Performance: TG Therapeutics reported preliminary total global revenue of approximately $616 million for FY 2025, with Q4 U.S. net product revenue for BRIUMVI at about $182 million, indicating robust market performance that is expected to boost shareholder confidence.
- Significant Stock Surge: Following the earnings report, TG Therapeutics shares jumped 11.6% to $31.10 on Wednesday, reflecting investor optimism about the company's growth potential, which may attract more capital inflow.
- Positive Market Reaction: Despite a broader market decline with the Nasdaq Composite falling over 200 points, TG Therapeutics' strong financial data allowed it to stand out among numerous stocks, showcasing its competitiveness in the biopharmaceutical sector.
- Optimistic Future Outlook: Although the financial figures are unaudited, the preliminary results suggest that the company is poised for continued growth, particularly in the marketing of its BRIUMVI product, which could further enhance its market share.
See More
Array Digital Infrastructure Declares $10.25 Special Dividend Payable February 2
- Special Dividend Announcement: Array Digital Infrastructure has declared a special dividend of $10.25 per share, payable on February 2, with a record date of January 23 and an ex-dividend date of January 23, reflecting the company's strong cash flow and commitment to shareholder returns.
- Shareholder Return Strategy: The issuance of this special dividend not only highlights the positive free cash flow generated from tower operations but also indicates management's confidence in future financial health, aiming to bolster investor confidence and attract further investment.
- Management Change: Array Digital Infrastructure has appointed Anthony Carlson as CEO, whose extensive industry experience is expected to drive strategic development and enhance the company's market position in the digital infrastructure sector.
- Financial Health Indicators: While announcing the special dividend, the company showcased its stable financial performance and ongoing profitability, which is anticipated to positively impact the stock price and strengthen market confidence in its long-term growth potential.
See More
Array Digital Infrastructure Inc. Closes $1.018 Billion Spectrum Sale to AT&T
- Transaction Completion: Array Digital Infrastructure Inc. successfully closed its spectrum asset sale to AT&T for a total consideration of $1.018 billion, further advancing the company's strategic objectives and optimizing asset allocation for higher capital returns.
- Strategic Goal Achievement: This transaction is part of the strategic objective outlined on May 28, 2024, aimed at opportunistically monetizing spectrum assets not included in the earlier deal with T-Mobile, enhancing the company's financial flexibility.
- Special Cash Dividend: Following the transaction, Array's Board declared a special cash dividend of $10.25 per Common Share and Series A Common Share, expected to be paid on February 2, 2026, which enhances shareholder returns and attracts investor interest.
- Record Date for Shareholders: The special cash dividend will be payable to shareholders of record as of January 23, 2026, demonstrating the company's commitment to its shareholders and reflecting proactive capital management efforts.
See More
Array Digital Infrastructure (AD) Closes $1.018 Billion Spectrum Sale and Declares Special Dividend
- Successful Spectrum Sale: Array Digital Infrastructure has successfully closed the sale of a portion of its spectrum licenses to AT&T for a total consideration of $1.018 billion, furthering the company's objective announced on May 28, 2024, to opportunistically monetize spectrum, significantly enhancing its financial flexibility.
- Special Cash Dividend: Following the transaction, the Array Board declared a special cash dividend of $10.25 per Common Share and Series A Common Share, payable on February 2, 2026, to shareholders of record on January 23, 2026, aimed at rewarding shareholders and boosting investor confidence.
- Shareholder Return Strategy: CEO Anthony Carlson noted the significant value realized from the sale and emphasized the commitment to continue returning value to shareholders through special dividends, reflecting the company's focus on shareholder interests.
- Future Growth Potential: This transaction not only provides immediate cash flow but also supports future investments and expansions, enhancing the company's competitiveness in the digital infrastructure sector.
See More
Array Digital Infrastructure Declares $10.25 Special Dividend After $1.018 Billion Spectrum Sale
- Successful Spectrum Sale: Array Digital Infrastructure has successfully closed the sale of a portion of its spectrum licenses to AT&T for a total of $1.018 billion, furthering the company's objective to opportunistically monetize spectrum not included in the T-Mobile sale, thereby enhancing financial flexibility.
- Special Dividend Declaration: Following the transaction, the Array Board declared a special cash dividend of $10.25 per share, payable on February 2, 2026, to shareholders of record on January 23, 2026, demonstrating the company's commitment to returning value to its shareholders.
- Shareholder Tax Benefits: The special dividend is expected to be largely designated as an ordinary and qualified dividend on the 2026 1099-DIV forms, subject to shareholders' holding period requirements, potentially providing tax advantages to shareholders.
- Advisory Team: Citigroup Global Markets served as the lead financial advisor, with Centerview Partners, TD Securities, and Wells Fargo also advising on the transaction, ensuring a smooth process and supporting the company's future growth.
See More
Array Digital Infrastructure Declares $10.25 Special Dividend After $1.018 Billion Spectrum Sale
- Successful Spectrum Sale: Array Digital Infrastructure successfully closed a deal with AT&T to sell a portion of its spectrum licenses for a total of $1.018 billion, furthering the company's objective announced on May 28, 2024, to opportunistically monetize retained spectrum, enhancing financial flexibility.
- Special Dividend Declaration: Following the completion of the AT&T transaction, Array's Board of Directors declared a special cash dividend of $10.25 per share, payable on February 2, 2026, to shareholders of record on January 23, 2026, demonstrating the company's commitment to returning value to its shareholders.
- Dividend Nature Clarification: Array expects that the 1099-DIVs issued for 2026 will largely designate the special dividend as ordinary and qualified, subject to shareholders' holding period requirements, which will impact tax treatment for shareholders.
- Market Position Strengthening: As a leading owner and operator of shared wireless communications infrastructure in the U.S., Array operates over 4,400 cell towers, successfully facilitating the deployment of 5G and other wireless technologies, thereby solidifying its market position in the industry.
See More
