Company: UZF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000821130-25-000023
Chunk: 73

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 73
---
ities of long-term debt and weighted average interest rates.

Income tax expense

Income tax expense increased in 2023 due primarily to the increase in Income before income taxes.

See Note 5 — Income Taxes in the Notes to Consolidated Financial Statements for additional information.

29

Index to MD&A

Wireless Operations

As of December 31,202420232022Retail Connections – End of PeriodPostpaid3,985,0004,106,0004,247,000Prepaid448,000451,000493,000Total4,433,0004,557,0004,740,000

Year Ended December 31,2024202320222024 vs. 20232023 vs. 2022Postpaid Activity and ChurnGross AdditionsHandsets314,000339,000397,000(7)%(15)%Connected Devices172,000178,000162,000(3)%10 %Total Gross Additions486,000517,000559,000(6)%(8)%Net Additions (Losses)Handsets(123,000)(145,000)(110,000)15 %(32)%Connected Devices14,0007,000(23,000)100 %N/MTotal Net Additions (Losses)(109,000)(138,000)(133,000)21 %(4)%ChurnHandsets1.04 %1.10 %1.12 %Connected Devices2.53 %2.77 %2.95 %Total Churn1.23 %1.31 %1.34 %

N/M - Percentage change not meaningful

2024-2023 Commentary

Total postpaid handset net losses decreased in 2024 due primarily to lower defections as a result of improvements in churn, partially offset by lower gross additions as a result of continued aggressive industry-wide competition and a decrease in the pool of available customers.

Total postpaid connected device net additions increased in 2024 due primarily to a decrease in tablet, home phone, and mobile hotspot defections as a result of improvements in churn.

UScellular decommissioned its 3G Code Division Multiple Access (CDMA) network in 2024. Total net additions (losses) for the year ended December 31, 2024 exclude a one-time adjustment to remove 11,000 connections that were dependent on the CDMA network.

2023-2022 Commentary

Total postpaid handset net losses