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Array Digital Infrastructure (AD) investor relations material
Array Digital Infrastructure Global Communications Infrastructure Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Global Communications Infrastructure Conference summary16 Sep, 2025
Corporate history and asset base
Originated from US Cellular, retaining 4,400 towers, 30% of spectrum, and minority stakes in wireless partnerships after selling wireless operations to T-Mobile in August 2024.
Annual income from partnership investments and distributions is approximately $150–160 million.
Operational strategy and growth
Focused on operational execution, especially colocation growth, with Q2 2025 revenues up 12% year-over-year and colocation applications up over 100%.
T-Mobile committed to colocate on 2,015 sites, boosting cash revenue by 50% starting August 2024.
Actively managing ground lease expenses through extensions, purchases, and rent abatement programs for underutilized towers.
Plans to reduce 800–1,800 naked towers by increasing colocations or considering sale/decommissioning.
Differentiation and market positioning
Operates with a lean structure, leveraging shared services from parent TDS and streamlined management.
Differentiated by rural tower footprint, streamlined MLAs with all major carriers, and quick decision-making.
One-third of towers have no competing towers within a two-mile radius, supporting rural edgeout strategies.
REIT conversion: What structural changes needed?
How to mitigate naked tower ground lease costs?
Monetization strategy for retained C-band spectrum?
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Next Array Digital Infrastructure earnings date
Q3 202531 Oct, 2025
Next Array Digital Infrastructure earnings date
Q3 202531 Oct, 2025
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Frequently asked questions
United States Cellular Corporation, commonly known as UScellular, provides wireless telecommunications services in the United States. The company offers a range of services, including voice, messaging, and data services, to both individual and business customers. UScellular operates a robust network of retail stores and customer service centers, ensuring widespread accessibility for its customers. Additionally, the company provides various wireless devices such as smartphones, tablets, and accessories, alongside offering plans tailored to different customer needs. The sectors served by UScellular include consumer, business, and government markets. The company is headquartered in Chicago, Illinois, and its shares are listed on the NYSE.
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