Verizon to acquire Array Digital Infrastructure, Inc.

Verizon has agreed to acquire Array Digital Infrastructure, Inc. in a cash transaction valued at one billion US dollars. The deal structure involves the purchase of assets rather than equity, with the consideration paid entirely in cash. Both parties are based in the United States, and the transaction falls within the telecommunications sector. The announcement and completion of the agreement both occurred on 1 June 2026, indicating a rapid execution of the sale.

The transaction has been completed as of the announcement date. The deal represents a significant asset acquisition for the buyer within the US telecommunications market. No further regulatory approvals are required as the status is already finalised. This acquisition allows Verizon to expand its infrastructure capabilities through the purchase of specific digital assets from the target company. The immediate completion suggests a streamlined process for the transfer of ownership and control.