Array Digital Infrastructure stock reacts to TDS bid withdrawal

Array Digital Infrastructure stock stood at USD 34.94 on the NYSE at 4:00 p.m. ET on September 23, 2026, while market capitalization was USD 3.06 billion. The central ownership event is Telephone and Data Systems' withdrawal of its proposal for the remaining public shares, announced on September 1, 2026.

TDS ends the buyout path

The amended Schedule 13D states that TDS withdrew its offer to exchange 0.86 TDS shares for each Array share not already owned, according to StockTitan. TDS and its voting trust still control Array, with the filing describing ownership of roughly 82 percent of the company.

The decision changes the valuation framework: public shareholders retain exposure to a controlled infrastructure company rather than a defined exchange offer. The withdrawal also keeps Array listed under ticker AD, rather than converting the stock into a TDS-linked transaction currency.

Revenue guidance narrows

Array Digital Infrastructure narrowed its 2026 revenue guidance to USD 205 million to USD 215 million, citing higher interim site revenue, according to Simply Wall. The guidance range gives investors a concrete operating checkpoint after the buyout proposal ended.

Wireless assets define the company

The issuer changed its name from United States Cellular Corporation to Array Digital Infrastructure in August 2025, according to Seeking Alpha. Its asset base includes more than 4,400 cell towers and shared wireless communications infrastructure, as described by MarketScreener.

NYSE valuation after the bid

At USD 34.94 on September 23, 2026, Array Digital Infrastructure carried a USD 3.06 billion market capitalization on the NYSE. The price and the USD 205 million to USD 215 million revenue outlook frame the stock as an infrastructure and asset monetization story rather than a conventional wireless operator.