Array’s Receipt of Non‑Binding Proposal from TDS

On May 8, 2026, Array Digital Infrastructure, Inc. ("Array") confirmed that its board of directors has received a non-binding proposal from Telephone and Data Systems, Inc. ("TDS") to acquire all of the outstanding common shares of Array not currently owned by TDS. Currently, TDS owns approximately 81.9% of the outstanding capital stock of and 95.9% of the voting interests in Array. The proposal is conditioned on, among other things, the recommendation of a special committee of disinterested and independent directors of Array and the approval by a majority of the votes cast by disinterested stockholders. Cravath is representing the special committee in connection with the proposal.

The Cravath team is led by partners G.J. Ligelis Jr. and Edward O. Minturn and includes associates Penina Su and Reva Bardhi.