Company: UZF
Filing Date: 2025-01-14
Form Type: PREM14C
Source: 0000821130-25-000007
Chunk: 18

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-14
Form: PREM14C
Chunk 18
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 Directors held a meeting with representatives of Cravath, PJT Partners and WBK. Representatives of WBK delivered an overview of the key terms of the License Purchase Agreement and other transaction documents, along with a discussion of any such terms that remained subject to negotiation. WBK also provided an overview of the FCC regulatory considerations associated with the potential sale of the Spectrum Assets to AT&T. Representatives of PJT Partners shared with the USCC Independent Directors their preliminary perspectives on the financial aspects of the transaction. Representatives of Cravath reviewed with the USCC Independent Directors draft resolutions determining that (a) the entry into the License Purchase Agreement and other transaction documents and the consummation by the Company and Sellers of the potential sale of the Spectrum Assets to AT&T is advisable, expedient and in the best interests of the Company and its stockholders (including Company stockholders other than TDS), (b) the License Purchase Agreement and other transaction documents should be submitted to the USCC Board for approval and (c) the USCC Independent Directors recommended to the USCC Board that the USCC Board approve and adopt the License Purchase Agreement and the other transaction documents, approve the consummation of the potential sale of the Spectrum Assets to AT&T and recommend the approval of the transaction with AT&T to the stockholders of the Company. Following discussion, the USCC Independent Directors confirmed they were supportive of the transaction with AT&T and, following receipt of final proposed forms of the License Purchase Agreement and the other transaction documents, would determine whether to approve and adopt the aforementioned resolutions.

Later on October 31, 2024, the TDS Board held a meeting with representatives of the Company’s management, TDS, Sidley, WBK, Clifford Chance, Citi and Centerview in attendance. Representatives of WBK delivered an overview of the key terms of the License Purchase Agreement and other transaction documents, along with a discussion of open items. Company’s management, WBK and Clifford Chance also included an overview of regulatory considerations associated with the potential sale of the Spectrum Assets to AT&T.

Also on October 31, 2024, the USCC Board held a meeting with representatives of the Company’s management, TDS, WBK, Cravath, Clifford Chance, Citi and Centerview in attendance. Representatives of WBK delivered an overview of the key terms of the License Purchase Agreement and other transaction documents, along with a discussion of open items. WBK also included an overview of FCC regulatory considerations associated with the potential sale of the Spectrum Assets to