UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~January~~February 1320, 2026

TELEPHONE AND DATA SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-14157

36-2669023

(State or other jurisdiction of incorporation)

(Commission File Number)

(~~I.R.S.~~IRS Employer Identification No.)

30 North LaSalle Street, Suite 4000, Chicago, Illinois 60602

(Address of principal executive offices and zip code)

Registrant's telephone number, including area code: (312) 630-1900

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Shares, $.01 par value

TDS

New York Stock Exchange

Depositary Shares each representing a 1/1000th interest in a share of 6.625% Series UU Cumulative Redeemable Perpetual Preferred Stock, $.01 par value

TDSPrU

New York Stock Exchange

Depositary Shares each representing a 1/1000th interest in a share of 6.000% Series VV Cumulative Redeemable Perpetual Preferred Stock, $.01 par value

TDSPrV

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


☐			Emerging growth company


☐			If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.0102. ~~Completion~~Results of ~~Acquisition~~Operations orand ~~Disposition~~Financial ~~of Assets~~ Condition

On ~~January 13~~February 20, 2026, ~~Array Digital Infrastructure, Inc. (f/k/a United States Cellular Corporation) (“Array”), a subsidiary of~~ Telephone and Data Systems, Inc. (“TDS”), ~~and~~issued ~~certain~~a ~~subsidiaries~~news ofrelease ~~Array~~announcing ~~(collectively,~~its results ~~“Sellers”)~~of ~~completed~~operations for the ~~previously~~period ~~announced~~ended ~~sale~~December ~~of select spectrum assets to New Cingular Wireless PCS~~31, ~~LLC~~2025. A ~~(“AT&T”),~~copy ~~pursuant~~of to the ~~terms~~news ofrelease ~~that~~is ~~certain~~attached ~~License~~hereto ~~Purchase Agreement (the “Purchase Agreement”), dated~~ as ofExhibit ~~November~~99.1 ~~6, 2024, between Sellers~~ and ~~AT&T~~incorporated ~~(the~~by ~~“Closing”)~~reference herein.

The ~~purchase~~information ~~price~~in ~~received~~this byItem ~~Array~~2.02 atof ~~the~~Form ~~Closing~~8-K ~~was~~is ~~$1.018~~being ~~billion,~~“furnished” ~~paid~~and inshall ~~cash.~~not Asbe ~~previously~~deemed ~~disclosed,~~“filed” ~~$232~~for ~~million of~~ the ~~purchase~~purposes ~~price~~of ~~provided~~Section in18 of the ~~Purchase~~Securities ~~Agreement~~Exchange ~~was~~Act ~~allocated~~of to1934, ~~certain~~as ~~spectrum~~amended, ~~licenses~~or inotherwise ~~the~~subject ~~700~~to ~~MHz band (~~the ~~“Designated~~liabilities ~~Entity~~of ~~Spectrum~~that ~~Licenses”)~~Section, ~~held~~nor bywill ~~entities~~any insuch ~~which~~information ~~Array~~or ~~now~~exhibits ~~holds~~be ~~100%~~deemed ofincorporated ~~the~~by ~~equity~~reference ~~interests.~~into ~~The~~any ~~closing~~filing ofunder the ~~sale~~Securities Act of ~~the~~1933, ~~Designated~~as ~~Entity~~amended, ~~Spectrum~~or ~~Licenses~~the toSecurities ~~AT&T~~Exchange ~~occurred~~Act atof ~~the~~1934, ~~Closing~~as ~~and~~amended, ~~accordingly,~~except noas ~~portion~~expressly ofset ~~the~~forth ~~purchase~~by ~~price~~specific ~~was~~reference ~~deferred~~in such filing.

Item 89.01. ~~Other~~Financial ~~Events~~Statements and Exhibits

~~Array~~(d) The ~~Special~~following ~~Dividend~~exhibits are being filed herewith:

On January 13, 2026, the Board of Directors of Array declared a special cash dividend to holders of Array’s Common Stock (“Common Stock”) and holders of Array’s Series A Common Stock (“Series A Common Stock”) of $10.25 per share payable in cash to the stockholders of record as of January 23, 2026. On January 13, 2026, TDS held 33,005,877 shares of Series A Common Stock and 37,782,608 shares of Common Stock. The payment date in respect of the dividend is scheduled for February 2, 2026.


Exhibit Number						Description of Exhibits

99.1						Earnings Press Release dated February 2 0 , 202 6

104						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		TELEPHONE AND DATA SYSTEMS, INC.
Date:	~~January~~February 1320, 2026	By:	/s/ Vicki L. Villacrez
			Vicki L. Villacrez
			Executive Vice President and Chief Financial Officer

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