Divestiture/carve-outJun 1, 2026Completed
🇺🇸 United States
ADArray Digital Infrastructure, Inc. (select spectrum assets)VVerizon
Media & Telecom › Communications Infrastructure
Deal valueUndisclosed
AnnouncedJun 1, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Array Digital Infrastructure agreed to sell a portion of its retained spectrum licenses to Verizon for total consideration of $1.0 billion. The agreement also covers $168M of spectrum sales to T-Mobile and a special dividend of $11.00 per share.
Deal rationale
Array is opportunistically monetizing its remaining spectrum following the sale of its T-Mobile wireless operation, and returning proceeds to shareholders via a special dividend.
AI-generated from the SEC filingCompletedMedia & Telecom › Communications InfrastructureUnited StatesNorth America
Timeline
- AnnouncedJun 1, 2026Filing
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash |
Advisors
Buy-side
None listed
Sell-side
CPCenterview PartnersCCitiPPPJT PartnersTSTD SecuritiesWFWells Fargo
Parties
Target
ADArray Digital Infrastructure, Inc. (select spectrum assets)
- Headquarters
- United States
- Ticker
- —
Acquirer
VVerizon
- Headquarters
- United States
- Ticker
- —
Seller
ADArray Digital Infrastructure, Inc.
- Headquarters
- —
- Ticker
- —