India, Aug. 1 -- Telephone and Data Systems, Inc. (TDS), along with Array Digital Infrastructure, Inc. (USM), Friday announced the closing of the previously announced divestiture of the latter's wireless operations and select spectrum assets to T-Mobile US, Inc. for $4.3 billion.
Array, previously known as United States Cellular Corp., intends to change its ticker symbol on the NYSE to "AD" for its common stock, expecting to trade under the new name and symbol on August 12, 2025.
In light of this transaction, Douglas Chambers will assume the role of interim President and CEO of Array. Prior to this, Chambers served as Executive Vice President, Chief Financial Officer and Treasurer of UScellular.
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