Array Digital Infrastructure, Inc. completed the sale of select spectrum assets to AT&T for $1.018 billion, strategically monetizing assets not part of previous sales.
Following the sale, the company's Board of Directors declared a special cash dividend of $10.25 per Common Share and Series A Common Share, rewarding shareholders.
This transaction aligns with Array's strategy to optimize value from its spectrum assets through targeted monetization initiatives.
Successful Transaction
Array's sale of spectrum assets to AT&T for $1.018 billion marks a significant milestone in the company's value realization strategy.
Special Dividend Declaration
The Board's announcement of a special dividend of $10.25 per share, payable on February 2, 2026, underscores Array's commitment to returning value to its investors.
Revenue Realization
The substantial proceeds from the sale signify a material revenue realization for Array Digital Infrastructure, Inc., enhancing its financial position.
- The sale to AT&T bolsters Array's financial stability, injecting a substantial cash inflow that fortifies its balance sheet and liquidity position.
- By declaring a special dividend, Array not only rewards its shareholders but also highlights its dedication to shareholder value enhancement and efficient capital allocation.
Array Digital Infrastructure's successful sale of spectrum assets to AT&T and the declaration of a special dividend illustrate the company's strategic emphasis on maximizing shareholder value through strategic asset monetization and capital optimization.