U.S. Cellular completed a $4.3 billion sale of its wireless business and select spectrum assets to T-Mobile on August 1, 2025, following which it rebranded as Array Digital Infrastructure. The transaction triggered a $23 per share special dividend for shareholders and significantly reduced debt, enabling a strategic shift toward tower and fiber infrastructure. T-Mobile assumed $1.7 billion in debt, reduced its total debt to $364 million, and will distribute approximately $1.63 billion to its parent, Telephone and Data Systems (TDS). Standard & Poor's upgraded TDS's credit rating to BBB–. Array retains 4,400 towers and spectrum assets and has a 15-year master license agreement with T-Mobile for 2,015 colocations and 600 term extensions. TDS Telecom accelerated fiber deployment, adding 27,000 new fiber service addresses in Q2 2025, with plans to reach 150,000 total fiber addresses and expand rural connectivity via the EACAM program targeting 300,000 additional addresses. Management expects additional gross proceeds of $2 billion from pending spectrum sales with AT&T and Verizon in 2025 and 2026, potentially leading to future dividends and a regular dividend for Array.

Over 52,000 UScellular customers in Missouri are transitioning to T-Mobile, gaining access to T-Mobile's network starting August 7. The move includes new benefits like streaming perks, international roaming, and 5G coverage. T-Mobile also highlights its commitment to rural areas and student support programs.

UScellular (formerly United States Cellular Corporation) completed the sale of its wireless operations and select spectrum assets to T-Mobile for $4.3 billion, retaining approximately 4,400 towers and spectrum holdings. The transaction includes $2.6 billion in cash and $1.7 billion in debt assumed by T-Mobile. Array Digital Infrastructure (now rebranded as Array) will change its ticker symbol to AD and retain its tower infrastructure for 5G growth. T-Mobile signed a 15-year lease agreement for Array's towers, and the company plans to monetize remaining spectrum assets.

United States Cellular Corporation (NYSE:USM) reported Q2 earnings and announced a special dividend of $22.50–23.75 per share ($1.95–$2.08 billion total). The company sold its spectrum to T-Mobile, with the deal closing on August 1, 2025. The transaction was valued using a sum-of-the-parts approach, including tower rentals, spectrum sales, and retained assets. The shares are priced at $69.41, with a Hold rating due to balanced upside and downside risks.

The article discusses upgrades in Relative Strength (RS) ratings for US Cellular, CBRE Group, Hilton, and Bread Financial. US Cellular's RS rating increased from 77 to 82, indicating strong market leadership. The rating system, developed by Investor's Business Daily, ranges from 1 (worst) to 99 (best). The article notes US Cellular's financial performance, including EPS growth and upcoming earnings reports, while highlighting the significance of RS ratings in predicting stock price movements.