Array Digital Infrastructure has closed the sale of $1 billion worth of spectrum to US carrier Verizon.
The sale was completed last week and came weeks after the deal was approved by the Federal Communications Commission (FCC).
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As part of the acquisition, Verizon is set to pick up AWS-3, AWS-1, and PCS licenses from Array, formerly UScellular, covering around eight percent of the US population. Verizon's acquisition of the spectrum was first announced back in October 2024.
Array Digital Infrastructure has pivoted away from being a regional wireless carrier in its UScellular era to a tower infrastructure company after selling a significant chunk of UScellular's operations for $4.4 billion to T-Mobile, including its customer base and around 30 percent of the company's wireless spectrum. Earlier this year, the company also closed the sale of $1bn worth of spectrum to AT&T.
