Telephone and Data Systems (TDS) Proposes to Acquire Array Digital Infrastructure
May 8, 2026
Telephone and Data Systems, Inc. (TDS) submitted a proposal to acquire all outstanding shares of Array Digital Infrastructure, Inc. (Array) not already owned by TDS in an all-stock merger. Under the proposal, Array shares would be exchanged for 0.86 shares of TDS each, subject to negotiation of definitive documents and customary approvals.
- Buyers
- Telephone and Data Systems, Inc. (TDS)
- Targets
- Array Digital Infrastructure, Inc.
- Industry
- IT Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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