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Array Digital Infrastructure, Inc. Common Shares
38.5 4 USD
-0.01%
Market Price
Secteur: Services de Communication
Base: USD
Devise de Profit: USD
Range quotidien
38.38
38.72
Range Annuel
33.71
60.82
Changement quotidien
-0.57%
Changement Mensuel
+6.97%
Evolution sur 6 mois
-21.07%
Changement Annuel
-26.44%
Clôture Précédente
38.7 6
Open
38.3 8
Low
38.3 8
High
38.7 2
Volume
238
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Financials

Aperçu Relevé Statistiques Dividendes Documents

2026

Current report, Q3 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
ARRAY DIGITAL INFRASTRUCTURE, INC. current report, Q1 FY2026
8-K

ARRAY DIGITAL INFRASTRUCTURE, INC. annual report, Q4 FY1998

Full document

SEC Filing Summary: United States Cellular Corporation (10-K)

Business Context and Reporting Period

This Form 10-K covers the fiscal year ended December 31, 1998, for United States Cellular Corporation (USM). USM is the eleventh largest wireless company in the United States, providing cellular telephone service to 2,183,000 customers through 138 majority-owned and managed systems. The company operates in 145 markets across 26 states, organized into eight regional clusters. USM is a majority-owned subsidiary of Telephone and Data Systems, Inc. (TDS), which owns 81.0% of USM's common shares and controls 95.7% of the voting power.

Key Financial and Operational Metrics

Note: Specific revenue, profit, cash flow, and debt figures are incorporated by reference from the 1998 Annual Report to Shareholders (Exhibit 13) and are not explicitly detailed in the provided text.

  • Customer Base: 2,183,000 customer units at year-end (up from 1,710,000 in 1997).
  • Market Penetration: Average penetration rate of 8.84% in consolidated markets.
  • Churn Rate: Averaged 1.9% per month for the twelve months ended December 31, 1998.
  • Revenue per Unit: Average monthly service revenue per customer unit was $49 in 1998, a decrease of approximately 10% from 1997 due to competitive pricing and "one rate" plans.
  • Population Equivalents: Total population equivalents of 26.2 million (90% in consolidated markets).
  • Infrastructure: 2,065 cell sites and over 280 stand-alone retail stores as of year-end.

Material Changes and Transactions

The company shifted its strategy from outright acquisitions to exchanges and divestitures to optimize market clustering.

  • Acquisitions: Purchased majority interests in six markets and several minority interests for total consideration of $168.3 million (primarily cash and USM shares issued to TDS).
  • Divestitures: Sold a majority interest in one market and several minority interests. Proceeds included approximately 4.1 million shares of AirTouch Communications, Inc. stock and $148.4 million in cash.
  • Operational Growth: Customer additions totaled 915,000, while disconnects were 442,000. The number of markets operated increased to 145 from 136 in 1993.
  • Tracking Stock Proposal: TDS withdrew its December 1998 offer to acquire remaining USM shares in exchange for a TDS tracking stock. The special committee reviewing the offer was dissolved.

Outlook, Risks, and Management Commentary

Management anticipates continued growth in customer units and total revenues, despite a projected decline in average revenue per customer unit. This decline is attributed to competitive pressures and the adoption of lower-rate pricing plans.

  • Competition: Significant competition exists from the second cellular licensee in each market, as well as from Personal Communications Services (PCS) and Enhanced Specialized Mobile Radio (ESMR) providers.
  • Regulatory Risks: The company is subject to FCC and state regulations, including the Telecommunications Act of 1996. Key regulatory developments include enhanced 911 requirements, numbering portability, and universal service contributions.
  • Technology: The industry is transitioning from analog to digital technologies (TDMA and CDMA). USM is deploying digital services to increase capacity and reduce incremental costs.
  • Pending Transactions: As of December 31, 1998, agreements were pending to acquire minority interests for $8.1 million and divest a majority interest for $35.2 million, expected to close in the first half of 1999.

Investor Verification Checklist

  • Verify specific revenue, net income, and operating cash flow figures in the 1998 Annual Report to Shareholders (incorporated by reference as Exhibit 13).
  • Review the Consolidated Balance Sheets for details on debt levels and liquidity, as these are not explicitly stated in the text provided.
  • Confirm the status of the pending divestiture of the market representing 264,000 population equivalents for $35.2 million.
  • Assess the impact of the 10% decline in average monthly revenue per unit on future profitability projections.
  • Monitor regulatory compliance costs related to enhanced 911 and universal service contributions mandated by the FCC.