Company: UZF
Filing Date: 2025-01-23
Form Type: DEFM14C
Source: 0000821130-25-000012
Chunk: 23

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-23
Form: DEFM14C
Chunk 23
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 income (meaning certain losses may not be available to offset).

We expect the Verizon Transaction to result in us recognizing a significant net gain for U.S. federal income tax purposes, meaning we expect to incur a significant U.S. federal income tax liability from the Verizon Transaction. The determination of how much tax we expect to incur is highly complex and is based in part upon facts that will not be known until completion of the Verizon Transaction (including the timing of the sale of any Delayed Licenses (as defined in the Agreement) and the amount of carryforward attributes available to offset the taxable gain). Because we are a member of a consolidated tax group that includes TDS as the common parent, TDS will be the party responsible for remitting any resulting tax to the Internal Revenue Service, but under that certain Tax Allocation Agreement between TDS and the Company, dated as of July 1, 1987 (the “

#### TAA
”), we are required to determine our tax liability as though we were a separate affiliated group and to pay TDS an amount equal to such liability (as so determined). Thus, any carryforward attributes of the TDS consolidated tax group that reduce the consolidated tax group’s liability would not reduce our obligations under the TAA unless those losses were generated by our operations.

Because we expect to incur significant U.S. federal income tax liabilities as a result of the Verizon Transaction, the net proceeds from the Verizon Transaction are expected to be significantly less than the cash received from the Purchaser under the Agreement. Proceeds used to fund federal income tax liabilities will not be available for future acquisitions, distributions to our stockholders or other general corporate purposes.

#### Accounting Treatment of the Verizon Transaction
Under generally accepted accounting principles, upon completion of the Verizon Transaction, we plan to remove the assets sold and add the proceeds from the Verizon Transaction to our consolidated balance sheet, which we anticipate will result in recording a gain from the Verizon Transaction.

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### THE LICENSE PURCHASE AGREEMENT
This section describes the material terms of the License Purchase Agreement, which was executed on October 17, 2024. The description of the Agreement in this section and elsewhere in this Information Statement is qualified in its entirety by reference to the complete text of the Agreement, a copy of which is attached as Annex A to this Information Statement and is incorporated by reference herein in its entirety. This summary does not purport to be complete and may not contain all of the information about the Agreement that is important to you. You are