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Array Digital Infrastructure AD · USD

Communication Services · US listing · 🇺🇸 United States

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30.38

+1.33%

Close of 9 Nov 2026, in USD

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About Array Digital Infrastructure

From its filings with the US Securities and Exchange Commission

SEC filings

Array Digital Infrastructure is based in Chicago, Illinois and is incorporated in Delaware. Its shares trade on NYSE under the ticker AD. The SEC classifies its business as radiotelephone communications. In the fiscal year to 31 December 2025, it reported revenue of $163.0m and net income of $48.8m. At that date it held total assets of $4.68bn and shareholders' equity of $2.57bn.

In its own words

On August 1, 2025, United States Cellular Corporation changed its name to Array Digital Infrastructure, Inc. (Array). Array is used throughout this report even when referring to historical periods. On August 12, 2025, the Array Common Shares ticker symbol on the New York Stock Exchange changed to "AD". Array connects America through digital infrastructure by leasing tower space to tenants and providing ancillary services. As of December 31, 2025, Array owns 4,450 towers in 19 states. Array also holds noncontrolling interests in primarily wireless operating companies and holds certain wireless spectrum licenses. As of December 31, 2025, Array is an 82.0%-owned subsidiary of Telephone and Data Systems, Inc. (TDS). Through July 31, 2025, Array provided wireless communication services; these operations and certain wireless spectrum licenses were disposed of on August 1, 2025, as discussed further below.

Array is the fifth largest tower owner and operator of shared wireless communications infrastructure in the United States. With 4,450 cell towers, Array enables the deployment of 5G and other wireless technologies throughout the country. Array has a unique wireless carrier heritage and has owned and operated towers for over 40 years. This experience gives Array a robust understanding of the needs of its wireless customers and enables the delivery of exceptional service. Array has built a strong and focused organization that has been and will be relied upon as an efficient and cost-effective partner for colocation.

Quoted from its 10-K, filed 20 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Communication Services
Industry
Wireless Telecommunication Services
Listed since
5 May 1988
Employees
5,500
Head office
500 WEST MADISON STREET, CHICAGO, IL, 60661
Incorporated in
DE
Classification
Radiotelephone Communications
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Walter CarlsonChairman of the Board, since 1989$231,226
  • Mr. Anthony CarlsonPresident, Chief Executive Officer, Director, since 2025
  • Mr. Douglas ChambersInterim President, Chief Executive Officer, Director, since 2019$2.6m
  • Ms. Vicki VillacrezChief Financial Officer, Executive Vice President, Treasurer, since 2022
  • Mr. Kenneth DixonDirector
  • Mr. Harry HarczakIndependent Director$433,976
  • Mr. Esteban Cristian IriarteIndependent Director$404,976
  • Mr. Xavier WilliamsIndependent Director$422,976
  • Mr. Colleen ThompsonVice President - Corporate Relations, since 2022

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
24
Environment
6
Social
38
Governance
27
Women in the workforce
41%
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • United States Cellular Corp has several key strengths that contribute to its success:

Weaknesses

  • However, there are some weaknesses that United States Cellular Corp should address:

Opportunities

  • United States Cellular Corp can capitalize on the following opportunities:

Threats

  • United States Cellular Corp faces the following threats:

Sources and methodology

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