Telephone & Data Systems Inc. Withdraws Proposal for Array Acquisition

What Happened
Telephone & Data Systems, Inc. (TDS) announced via an 8‑K (Item 8.01) that it is no longer pursuing the acquisition of the common shares of Array Digital Infrastructure, Inc. that it does not already own and has withdrawn its previously announced proposal. The company attached a press release dated September 1, 2026 as Exhibit 99.1. The Form 8‑K was filed and signed by EVP & CFO Vicki L. Villacrez on September 2, 2026.

Key Details

• TDS withdrew its previously announced proposal to acquire the outstanding common shares of Array Digital Infrastructure, Inc.
• Press release announcing the withdrawal is dated September 1, 2026 and attached as Exhibit 99.1 to the 8‑K.
• Form 8‑K filed under Item 8.01 (Other Events) and signed by Vicki L. Villacrez on September 2, 2026.

Why It Matters
This filing formally ends TDS’s public effort to buy the remaining shares of Array, so investors should consider that any strategic, financial or consolidation expectations tied to that acquisition are no longer reflected in TDS’s announced plans. The 8‑K does not disclose new purchase terms, closing conditions, or financial impacts; investors should watch for any further company communications or press releases for additional context.