Array Digital Infrastructure sells $1 billion spectrum licenses to Verizon

Type: Sale · Technology: Telecom · Country: United States · Value: $1B · Announced: 2026-06-02

Array Digital Infrastructure finalized the sale of $1 billion worth of wireless spectrum licenses to Verizon, completing a transaction first announced in October 2024. The deal includes AWS-3, AWS-1, and PCS licenses covering approximately eight percent of the US population, with Verizon gaining access to critical spectrum assets. The sale was approved by the Federal Communications Commission (FCC) in May 2026 before closing last week. Array, formerly UScellular, has transitioned from a regional wireless carrier to a tower infrastructure company following prior asset sales, including a $4.4 billion deal to T-Mobile in 2025. The company also completed a $1 billion spectrum sale to AT&T earlier in 2026, reinforcing its strategy of monetizing spectrum assets while returning capital to shareholders via special dividends.

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