Short answer
TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) filed an 8-K current report with the SEC on June 1, 2026 reporting Item 8.01 (Other Events), Item 2.01 (Completion of Acquisition or Disposition of Assets). Array completed sale of select spectrum assets to Verizon on June 1, 2026.
TELEPHONE & DATA SYSTEMS INC /DE/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.01 · Completion of Acquisition or Disposition of Assets
- Array completed sale of select spectrum assets to Verizon on June 1, 2026
- $1.0 billion cash proceeds received at closing
- Transaction converts spectrum holdings into liquidity for Array and TDS
- Spectrum disposition may reduce Array’s future network capacity or strategic flexibility
Item 8.01 · Other Events
- Array special cash dividend of $11.00 per share, payable June 25, 2026
- TDS holdings: 70,788,703 Array shares across Common and Series A classes
- Implied cash proceeds to TDS: approximately $778.7 million
- Record date June 11, 2026; dividend monetizes TDS’s Array investment for liquidity or capital allocation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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