{"url_path":"/sec/tds/8-k/2026-06-01/item-2-01","section_key":"item-2-01","section_title":"Item 2.01 Completion of Acquisition or Disposition of Assets","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1051512/0001051512-26-000055-index.html","accession_number":"0001051512-26-000055","cik":"0001051512","ticker":"TDS","issuer_name":"TELEPHONE & DATA SYSTEMS INC /DE/","edgar_url":"https://www.sec.gov/Archives/edgar/data/1051512/0001051512-26-000055-index.html","primary_entity_key":"0001051512","primary_entity_name":"TELEPHONE & DATA SYSTEMS INC /DE/"},"word_count":90,"has_tables":true,"body_markdown":"Item 2.01. Completion of Acquisition or Disposition of Assets\n\nOn June 1, 2026, Array Digital Infrastructure, Inc. (f/k/a United States Cellular Corporation) (“Array”), a subsidiary of Telephone and Data Systems, Inc. (“TDS”), and certain subsidiaries of Array (collectively, “Sellers”) completed the previously announced sale of select spectrum assets to Verizon Communications Inc. (“Verizon”), pursuant to the terms of that certain License Purchase Agreement, dated as of October 17, 2024, between Sellers and Verizon (the “Closing”).\n\nThe purchase price received by Array at the Closing was $1.0 billion, paid in cash."}