Company: UZF
Filing Date: 2025-01-14
Form Type: PREM14C
Source: 0000821130-25-000006
Chunk: 10

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-14
Form: PREM14C
Chunk 10
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 (“

#### Sidley
”), Cravath, Citi and Centerview, to discuss the revised drafts of the transaction documents received from certain parties, including Verizon.

On July 25, 2024, the USCC Independent Directors held a meeting with representatives of Cravath, PJT Partners and Company management to discuss the Retained Spectrum sale process and review the various bids that had been received and the strategic options available to the Company. Following the departure of representatives of Company management, the USCC Independent Directors held a discussion with representatives of Cravath and PJT Partners regarding the sale process and strategic options available to the Company.

On August 1, 2024, representatives of Verizon, the Company and TDS met, together with representatives of Citi, Centerview and WBK, to discuss the proposed transaction and the draft license purchase agreement.

On August 6, 2024, the Company received a final bid from Verizon. Verizon’s final bid was to acquire all of the licenses held by the Company in the 850 MHz (cellular) band for a purchase price of $980 million, all of the licenses held by the Company in the AWS band that will not be sold in the T-Mobile Transaction for a purchase price of $10 million, and all of the licenses held by the Company in the PCS band that will not be sold in the T-Mobile Transaction for a purchase price of $10 million. The final bid by Verizon did not include C-Band. As of September 30, 2024, the book value of the assets included in Verizon’s final bid was $586 million.

In the course of the outreach to potentially interested parties, the Company received final bids from five potential acquirors, including Verizon and AT&T, for various licenses held by the Company.

The Company received bids from three other potential strategic acquirors, “

#### Party A
, ” “

#### Party B
” and “

#### Party C
, ” with the Company receiving initial bids from each party on August 5, August 1 and August 6, 2024, respectively. Party A’s final bid was to acquire seven licenses held by the Company across various bands for a total purchase price of approximately $9.65 million. Party B’s final bid was to acquire select licenses held by the Company across various bands for a total bid value of $3.3 million. Party C’s final bid was to acquire select licenses held by the Company in the 700 MHz band for a purchase