TDS Charts 2026 Plan After $1.018 Billion Spectrum Sale, Guides Tower Revenue to $200–$215 Million

Overview

• Array closed the $1.018 billion spectrum sale to AT&T in January 2026, and TDS repaid $150 million of term loan debt and issued a $10.25 per share special dividend on February 2.
• Array’s 2026 revenue outlook is $200 million to $215 million, with guidance reflecting timing uncertainty around T‑Mobile interim site terminations and excluding any DISH-related revenue.
• TDS Telecom plans 200,000 to 250,000 new fiber addresses in 2026 on $550 million to $600 million of capital spending, lifting its long-term target to 2.1 million addresses.
• Fourth-quarter 2025 results showed a sharp rebound, with $330.7 million in revenue from continuing operations and $37.2 million in net income versus $1.0 million a year earlier.
• Array faces 800 to 1,800 potential ‘naked’ towers following the UScellular exit, and management is pursuing cost mitigation while contesting DISH’s halted payments through legal channels.