Company: UZF
Filing Date: 2025-01-23
Form Type: DEFM14C
Source: 0000821130-25-000013
Chunk: 12

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-23
Form: DEFM14C
Chunk 12
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 nine of the 26 parties that had been contacted regarding the possible acquisition of the Retained Spectrum, including AT&T, each of which had entered into a non-disclosure agreement with TDS.

On July 12, 2024, the USCC Independent Directors held a meeting with representatives of Cravath and PJT Partners. Representatives of PJT Partners provided an update on the sale process for the Retained Spectrum, noting that the Company was waiting for potential buyers to submit markups of the draft license purchase agreement. Representatives of PJT Partners provided the USCC Independent Directors with an overview of the various assets and businesses retained by the Company, and the USCC Independent Directors engaged in discussion with representatives of Cravath and PJT Partners.

On July 16, 2024, AT&T, the Company, TDS, Citi, Centerview and Wilkinson Barker Knauer, LLP (

#### “WBK”
), legal advisor to the Company and TDS, held a meeting to discuss the proposed transaction and the draft license purchase agreement.

On July 22, 2024, certain parties, including AT&T submitted a revised draft of the license purchase agreement.

On July 23, 2024 and July 25, 2024, representatives of TDS and the Company met, together with representatives of WBK, Sidley Austin LLP, legal counsel to TDS (

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

On July 25, 2024, the Company received from AT&T a preliminary indication of interest. AT&T’s preliminary indication of interest was to acquire certain licenses held by the Company across the following bands: 700 MHz B and C Blocks, Cellular, 850 MHz and 3.45 GHz, for a total bid value of $825 million. AT&T also expressed an interest in acquiring licenses held by a partnership (the

#### “Limited Partnership”
) in which the Company holds a non-controlling limited partnership interest in the 700 MHz B Block (the

#### “Limited

#### Partnership Owned Licenses”
), which were not included in the spectrum information packet that had been distributed to potential buyers. The Limited Partnership Owned Licenses previously had been the subject of negotiations between AT&T and the Limited Partnership, but those negotiations did not lead to an agreement.

Also on July 25, 2024, the USCC Independent Directors held a meeting with representatives of Crav