United States Cellular ( (USM) ) has released its Q2 earnings. Here is a breakdown of the information United States Cellular presented to its investors.
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Array Digital Infrastructure, formerly known as United States Cellular Corporation, is a telecommunications company that leases tower space and holds interests in wireless operations. The company, now focusing on its tower operations, recently divested its wireless operations to T-Mobile. In its latest earnings report, Array reported a slight decrease in operating revenues and expenses, with a net income increase attributed to reduced income tax expenses. The company is undergoing strategic transitions, including pending spectrum sales to Verizon and AT&T, which are expected to provide substantial proceeds. Looking forward, Array aims to capitalize on its tower assets and complete its strategic transactions, positioning itself for future growth in the telecommunications infrastructure sector.