Array Digital Infrastructure, Inc. (AD) Citi’s 2025 Global Technology, Media and

Mark Schilsky

Hi, everyone. Good morning. I am Mark Schilsky, Citi’s TMT sector specialist. Obviously, not Mike Rollins. I’m pinch-hitting for him today. Welcome to day 2 of Citi’s Global TMT Conference.

Today, we’re going to be talking about TDS. We’ve got Kris Bothfeld, the CFO of TDS Telecom, and I’ve got Doug Chambers, Interim President and CEO of the newly minted Array Digital Infrastructure. So we’re talking about both companies today. Thank you, both for coming.

The deal, the T-Mobile, U.S. mobile deal closed August 1. So we’ve been about a month past. So Kris, if you want to give us a quick update, just remind everyone what happened, you learned anything in the incremental month since then, and then we’ll take it from there.

Douglas Chambers
Interim CEO, Interim President & Director

Yes. Maybe I can take that one. That impacts our business more so. So as Mark said, we closed the deal with T-Mobile to sell our wireless operations on August 1. Array always a tower business embedded within our UScellular wireless business. Now we’re a separate Array business. We own 4,400 towers. We’re the fifth largest tower company, and we are solely focused on towers at this point. And we are very operationally focused right now. We have a lot of exciting opportunities ahead of us operationally and 4 key areas of focus. One is we have pending spectrum sales, $1 billion sale with AT&T, $1 billion with Verizon, focused on getting those through regulatory approval and close, we’re confident we’ll do that.