Company: UZF
Filing Date: 2025-01-23
Form Type: DEFM14C
Source: 0000821130-25-000012
Chunk: 11

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-23
Form: DEFM14C
Chunk 11
---
 addition, AT&T submitted an initial bid of $360 million with respect to select licenses held by the Company in the 850 MHz (cellular) band bid on by Verizon, with a final bid of $432 million for select licenses held by the Company in the 850 MHz (cellular) band. AT&T additionally bid on certain other spectrum assets.

<div align='center'>7</div>

Also on August 6, 2024, the USCC Board held a meeting. Representatives of the Company’s management, TDS, WBK, Clifford Chance LLP (“

#### Clifford Chance
”), antitrust counsel to TDS and USCC, Cravath, Citi, PJT Partners and Centerview were present at the meeting. Representatives of Citi provided an update on the initial outreach to potentially interested parties and a summary of the indications of interest and bids received in the first round of the sale process. Representatives of WBK and Clifford Chance then discussed the regulatory review process associated with the potential transactions. The participants at this meeting then discussed which counterparties to advance to the next phase of the sale process. The USCC Board then approved the potential advancement of Party A, Party B, Party C, AT&T and Verizon to the next phase of the sale process.

From August 6, 2024 through August 16, 2024, representatives of the Company and TDS, together with their respective legal and financial advisors, held calls with Verizon and certain additional parties regarding each of their respective bids.

Of the bids received by the Company, Verizon, AT&T and Party A included in their respective bids some or all of the licenses held by the Company in the 850 MHz (cellular) band. Verizon had the highest final bid for the licenses held by the Company in the following bands: 850 MHz (cellular), AWS and PCS and was selected as the winning bidder for those licenses (such licenses collectively, the “

#### Spectrum Assets
”). AT&T, Party A and Party B were selected as the winning bidders for certain licenses bid on by AT&T, Party A and Party B, respectively, not included in the Spectrum Assets. Party C was not selected as a winning bidder with respect to any licenses.

On August 16, 2024, Verizon submitted a revised draft of the license purchase agreement.

Also on August 16, 2024, the USCC Independent Directors held a meeting with representatives of Cravath, PJT Partners and Company management. Representatives of Company management provided an update