Array Digital Infrastructure, Inc. Q4 2025 Earnings Call Summary

21 hours ago 1

Moby Intelligence

Fri, February 20, 2026 astatine 11:31 AM CST 3 min read

Completed the largest transaction successful institution past by divesting wireless operations, providing the fiscal capableness to standard fibre and basal up a dedicated operation business.
TDS Telecom accelerated fibre operation momentum successful the 2nd fractional of 2025, reaching grounds precocious unit counts to present 100,000 marketable addresses successful six months.
Array Digital Infrastructure transitioned to a tower-focused model, processing implicit 2,000 T-Mobile applications arsenic portion of a caller Master Lease Agreement (MLA) integration.
Strategic divestitures of non-core assets successful Colorado and Oklahoma person concentrated the telecom footprint into markets with the astir viable economical paths to fiber.
Management attributed the 6% Q4 EBITDA maturation to concern translation efforts and little currency expenses, contempt secular declines successful bequest cablegram and copper segments.
The institution successfully strengthened its superior operation by repaying $150,000,000 successful word indebtedness indebtedness and closing a $1,018,000,000 spectrum merchantability to AT&T.

Increased semipermanent fibre extremity to 2,100,000 addresses by identifying 300,000 further 'edge-out' opportunities successful caller communities wherever TDS expects to beryllium archetypal to market.
2026 guidance assumes the transportation of 200,000 to 250,000 caller fibre addresses, supported by a important superior expenditure summation to a scope of $550,000,000 to $600,000,000.
Management expects to present $100,000,000 successful yearly savings by year-end 2028 done ongoing concern translation and strategy modernization.
Array Digital's 2026 gross guidance of $200,000,000 to $215,000,000 reflects uncertainty regarding the timing of T-Mobile interim tract terminations and excludes each DISH-related revenue.
The institution plans to opportunistically monetize remaining C-band spectrum, citing its contiguous deployability for 5G and deficiency of build-out requirements until 2029.

DISH Wireless has ceased contractually required payments arsenic of December 2025, asserting its MLA is impacted by FCC actions; Array is pursuing ineligible protections.
Array faces a 'naked tower' portfolio of 800 to 1,800 sites post-UScellular exit, requiring a multi-year strategy to trim crushed lease burdens oregon decommission sites.
TDS Telecom's mean residential gross per transportation is pressured by industry-wide 'cord-cutting' arsenic less broadband customers take to bundle with video.
2026 SG&A expenses volition stay elevated owed to the wind-down of bequest wireless operations, though absorption expects these costs to diminution implicit aboriginal periods.