Telephone and Data Systems, Inc. withdrew its previously announced proposal to acquire the remaining Common Shares of Array Digital Infrastructure, Inc., which it does not already own. The offer would have exchanged each non-owned Array share for 0.86 TDS shares. TDS will retain its approximately 82% ownership stake in Array. CEO Walter Carlson cited an inability to reach agreement on consideration and value as the reason for termination. Consequently, TDS expects to recommence share repurchases under its existing programs, including a $500 million authorization announced in November 2025, with $523.9 million remaining available as of June 30, 2026. The company also plans to increase efforts to monetize Array's remaining wireless spectrum assets. Telephone and Data Systems provides broadband services and wireless infrastructure through its TDS Telecom and Array Digital Infrastructure businesses.