TDS Unit Completes Spectrum Sale and Declares Dividend

An update from Telephone & Data Systems ( (TDS) ) is now available.

On January 13, 2026, Array Digital Infrastructure, Inc., a subsidiary of Telephone and Data Systems, Inc., completed the previously announced sale of select wireless spectrum assets, including 700 MHz licenses, to AT&T for $1.018 billion in cash under a purchase agreement originally signed on November 6, 2024, with no portion of the consideration deferred. On the same date, Array’s board declared a special cash dividend of $10.25 per share for holders of its Common Stock and Series A Common Stock, with Telephone and Data Systems holding over 70 million shares eligible for this payout and the dividend scheduled to be paid on February 2, 2026 to shareholders of record as of January 23, 2026, returning a substantial portion of the transaction proceeds to equity holders.

The most recent analyst rating on (TDS) stock is a Buy with a $51.00 price target. To see the full list of analyst forecasts on Telephone & Data Systems stock, see the TDS Stock Forecast page.

Spark’s Take on TDS Stock

According to Spark, TipRanks’ AI Analyst, TDS is a Neutral.

The overall score reflects significant financial challenges, including declining revenue and high leverage. Positive technical trends and strategic initiatives from the earnings call provide some optimism, but valuation concerns and operational issues weigh heavily.

To see Spark’s full report on TDS stock, click here.

More about Telephone & Data Systems

Array Digital Infrastructure, Inc., formerly United States Cellular Corporation, is a wireless telecommunications company and subsidiary of Telephone and Data Systems, Inc. that owns and manages spectrum assets used to provide mobile network services in the United States, including licenses in key frequency bands such as 700 MHz.

Average Trading Volume: 929,171

Technical Sentiment Signal: Buy

Current Market Cap: $4.49B

Find detailed analytics on TDS stock on TipRanks’ Stock Analysis page.