Verizon closed the acquisition of select spectrum licenses from Array Digital Infrastructure for $1.0 billion on June 1, 2026, expanding its wireless frequency holdings. The deal follows Array’s $168 million spectrum sales to T-Mobile and boosts Verizon’s portfolio ahead of 5G network rollouts.
On June 1, 2026, Verizon completed its acquisition of select spectrum licenses from Array Digital Infrastructure for $1.0 billion, closing the previously announced agreement and adding new frequency assets to its portfolio.
Verizon plans to integrate the acquired licenses into its existing network to increase capacity, particularly enhancing coverage and performance for its 5G services in key markets.
The $1.0 billion cash purchase will be funded through Verizon’s balance sheet and is expected to have a moderate effect on capital expenditures and free cash flow in the current fiscal year.
This spectrum acquisition follows Array’s separate $168 million sale to T-Mobile and aligns with Verizon’s ongoing efforts to bolster its frequency holdings ahead of accelerated 5G rollouts.
