Welcome to our dedicated page for Uniti Group news (Ticker: UNIT), a resource for investors and traders seeking the latest updates and insights on Uniti Group stock.
Uniti Group Inc. (Nasdaq: UNIT) is a publicly traded real estate investment trust (REIT) headquartered in Little Rock, Arkansas. The company is primarily engaged in the acquisition and leasing of communication infrastructure assets. Uniti Group boasts an extensive portfolio including approximately 140,000 route miles of fiber in the United States, with significant coverage in the Southeast region.
Uniti's core business revolves around providing fiber leasing services to enterprises. The company has recently agreed to merge with Windstream, a move that will see Uniti expand its operations into the consumer telecom market. This strategic merger will transition Uniti out of its REIT status, enabling the combined firm to offer both enterprise and residential telecom services, thereby diversifying its revenue streams. Post-merger, the firm will own 217,000 route miles of fiber, covering 4.3 million households and 150,000 commercial buildings.
As a strategic financing partner to the telecommunications industry, Uniti continuously evaluates industry challenges and trends to identify growth opportunities. The company's strategy focuses on acquiring and leasing communication assets that qualify as real property, financing fiber for existing and new customers, and acting as a financing partner to facilitate mergers and acquisitions.
Uniti's recent achievements include updating its 2023 outlook to reflect transaction-related and other incurred costs. The company’s outlook for 2023 remains optimistic, with a consolidated revenue projection that excludes future acquisitions and capital market transactions. Looking ahead to 2024, Uniti has set a comprehensive financial outlook, underscoring its commitment to sustained growth and profitability.
For investor relations and media inquiries, key contacts include Paul Bullington, Senior Vice President, Chief Financial Officer & Treasurer, and Bill DiTullio, Vice President, Investor Relations & Treasury.
- 2023 Financial Outlook: Adjusted projections for transaction-related costs.
- Strategic Merger: Uniti to merge with Windstream, expanding into the consumer telecom market.
- Asset Portfolio: Ownership of 217,000 route miles of fiber post-merger.
- Revenue Streams: Diversified revenue from enterprise and residential telecom services.
Uniti Group announced its participation at the J.P. Morgan 2022 Global High Yield and Leveraged Finance Conference, featuring CFO Paul Bullington and VP of Finance Bill DiTullio. The presentation is set for February 28, 2022, at 11:30 AM ET in Miami, Florida. Interested parties can access presentation materials on Uniti's website under the Investors tab. As of September 30, 2021, Uniti operates approximately 126,000 fiber route miles and 7.5 million fiber strand miles, enhancing its reputation as a leading provider of communications infrastructure.
Uniti Group Inc. (Nasdaq: UNIT) has significantly expanded its customer relationship with a leading network infrastructure provider by delivering a high-capacity dark fiber connectivity solution. The agreement spans almost 2,000 route miles across the Midwest to the Mid-Atlantic, enhancing the customer’s network performance. Uniti will also establish five new colocation facilities, adding twelve data center connections in the region. This long-term contract underscores Uniti's focus on leveraging its 126,000 fiber route miles to support customer growth and maximize lease-up opportunities.
Uniti Group has announced the federal income tax treatment for its 2021 distributions on common shares, which will be detailed on Form 1099-DIV. The total distribution for the year amounts to $0.45 per share, with $0.15 designated as ordinary dividends per share paid quarterly. Notably, the ordinary dividend is classified as non-qualified income. The last dividend payment was made on January 3, 2022, to shareholders recorded as of December 17, 2021. Uniti specializes in communications infrastructure and owns extensive fiber assets across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) will report its Q4 2021 and full-year 2021 financial results on February 25, 2022, before market opening. A conference call for discussion will occur at 8:30 AM ET on the same day. Interested parties can join by calling (844) 513-7153 or via webcast on www.uniti.com. A replay will become available starting at 12:00 PM ET on February 25 for 14 days.
As of September 30, 2021, Uniti owns approximately 126,000 fiber route miles and 7.5 million fiber strand miles within the United States.
Uniti Group Inc. (Nasdaq: UNIT) has signed a 20-year contract with a major international internet provider, enhancing its long-haul dark fiber connectivity across a 1,440-mile route linking Bay Area, Salt Lake City, and Denver. This agreement underscores Uniti's commitment to expanding its 126,000 fiber route mile network and supports its mission to provide essential communications infrastructure. The contract is anticipated to boost lease-up opportunities for Uniti, positioning the company favorably in the competitive market.
Uniti Group (Nasdaq: UNIT) announced that CFO Paul Bullington and VP of Finance Bill DiTullio will present at the Citi 2022 AppsEconomy Conference on January 6, 2022, at 3:00 PM ET. The virtual event can be accessed via Uniti's website, where a replay will also be available after the presentation. Uniti is a real estate investment trust specializing in acquiring and constructing communications infrastructure, owning approximately 126,000 fiber route miles and 7.5 million fiber strand miles across the U.S.
Uniti Group (Nasdaq: UNIT) announces that its Senior VP and CFO, Paul Bullington, along with VP of Finance and Investor Relations, Bill DiTullio, will participate in the Barclays 2021 Global Technology, Media and Telecommunications Conference. The event is scheduled for 4:45 PM ET on December 7, 2021. Interested parties can access a live webcast on the company's website under the Investors tab, with a replay available for a limited time thereafter.
As of September 30, 2021, Uniti owns approximately 126,000 fiber route miles and 7.5 million fiber strand miles across the U.S.
Uniti Group (Nasdaq: UNIT) has announced that its CFO, Paul Bullington, and President of Strategic Accounts, Greg Ortyl, will participate in the Bank of America Securities 2021 Leveraged Finance Conference. This presentation is set for 10:30 AM ET on November 30, 2021. A live webcast will be available on Uniti's website under the Investors tab, with limited-time replay access following the event. Uniti is a leading provider of fiber and wireless solutions, owning approximately 126,000 fiber route miles and 7.5 million fiber strand miles as of September 30, 2021.
Uniti Group has declared a quarterly cash dividend of $0.15 per share, payable on January 3, 2022 to shareholders of record as of December 17, 2021. As of September 30, 2021, Uniti owns approximately 126,000 fiber route miles and 7.5 million fiber strand miles, positioning itself as a leader in communications infrastructure.
Uniti is focused on acquiring and constructing mission-critical assets, marking a significant commitment to its growth and the communications industry.
Uniti Group reported strong third-quarter results with consolidated bookings of approximately $1 million in monthly recurring revenue, up 90% from the prior year. The net income rose to $43.1 million, translating to $0.17 per diluted share, a $0.13 increase from Q3 2020. Adjusted EBITDA and AFFO grew 9% and 19%, respectively. The company closed a $700 million Senior Unsecured Notes issuance and revised its full-year outlook, projecting revenue between $1,083 and $1,094 million. Uniti boasts a healthy leverage ratio of 5.76x and $450 million cash on hand.
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