Company: UZF
Filing Date: 2025-01-14
Form Type: PREM14C
Source: 0000821130-25-000007
Chunk: 13

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-14
Form: PREM14C
Chunk 13
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, 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 2, 2024, representatives of AT&T, 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 bid from AT&T. AT&T’s bid was to acquire substantially all of the licenses held by the Company in the 700 MHz band B and C Blocks for a purchase price of $35 million, select licenses held by the Company in the 850 MHz (cellular) band for a purchase price of $360 million, and all of the licenses held by the Company in the 3.45 GHz band for a purchase price of $690 million. AT&T continued to indicate it was also interested in acquiring certain licenses held by the Limited Partnership in the 700 MHz band B Block. The Company expressed support for AT&T’s efforts to negotiate an acquisition of such licenses from the Limited Partnership. AT&T later provided a revised draft of the license purchase agreement on August 7, 2024.

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 price of $7.029 million. The Company also received an indication of interest on June 25, 2024 from