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Stock impact report

Array Digital Infrastructure: Strong Assets, But The Easy Upside Has Played Out [Seeking Alpha]

Array Digital Infrastructure, Inc. Common Shares (AD) 
Company Research Source: Seeking Alpha
Tower operations have improved sharply. There were 4,572 colocations, but they remain mostly concentrated on T-Mobile. AD's pending Verizon and T-Mobile spectrum deals will lead to an extremely liquid balance sheet and a strong cash flow to support its future tower operations. However, after adjusting for pending proceeds and unconsolidated investment cash flows, AD's valuation now seems quite optimistic. I concede that AD's C-band assets give it optionality. Yet, at this point, I feel there are now too many assumptions. Hence, I lean neutral this time around. gdinMika/E+ via Getty Images Array Digital Infrastructure, Inc. ( AD ) is a company that operates under three pillars: a US communications tower portfolio, retained spectrum that is still being monetized, and investment interests that generate cash. AD's towers are mostly located in rural and Show less Read more
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