Uniti Group Inc. - UNIT STOCK NEWS

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.

Uniti Group Inc. recently announced a significant milestone by securing a twenty-year contract with a large international hyperscale customer. This agreement will enhance Uniti's fiber infrastructure, connecting key data centers in Pittsburgh, PA, and Ashburn, VA. The deal showcases Uniti's commitment to expanding its 123,000 fiber route mile network, including previously acquired dark fiber from Windstream. This contract not only adds a new customer but also reinforces Uniti's position in the competitive communications infrastructure market.

Uniti Group (Nasdaq: UNIT) will release its Q3 2021 financial results on November 4, 2021, before markets open. A conference call will follow at 8:30 AM ET to discuss these results. Interested parties can join via phone or access the live webcast through Uniti's website. The company, a real estate investment trust specializing in vital communications infrastructure, owns approximately 123,000 fiber route miles and 7.1 million fiber strand miles nationwide as of June 30, 2021.

Uniti Group (Nasdaq: UNIT) announced that its Senior Vice President and CFO, Paul Bullington, along with VP of Finance and Investor Relations, Bill DiTullio, will present at the Deutsche Bank 2021 Leveraged Finance Conference on October 5, 2021, at 4:15 PM ET.

The event will be accessible via a live webcast on Uniti’s website under the Investors tab, with a replay available post-event. Uniti is a real estate investment trust focused on communications infrastructure, owning around 123,000 fiber route miles and 7.1 million fiber strand miles as of June 30, 2021.

Uniti Group Inc. announced the pricing of a $700 million offering of 6.000% senior notes due 2030, set to close on October 13, 2021. The proceeds will be used to fully redeem the outstanding 7.125% senior notes due 2024, with the redemption scheduled for December 15, 2021, at 101.781% of the principal amount. The new notes will not be registered under the Securities Act and will only be offered to qualified institutional buyers. Uniti, a real estate investment trust, specializes in critical communications infrastructure, owning approximately 123,000 fiber route miles.

Uniti Group Inc. has announced the offering of $700 million of senior notes due 2030 by its subsidiaries.

The proceeds will be used to fully redeem existing 7.125% senior notes due 2024 on December 15, 2021, and to prepay settlement obligations with Windstream Holdings after its bankruptcy. The redemption is contingent on completing additional debt financing of at least $700 million. The new notes will not be registered under the Securities Act, thus limiting their sale to qualified buyers.

Uniti Group Inc. (Nasdaq: UNIT) announced that its CEO, Kenny Gunderman, will present at the Goldman Sachs 30th Annual Communacopia Conference on September 23, 2021, at 12:25 PM ET. A live webcast of the event will be accessible via Uniti's website, under the Investors tab, and will be available for replay for a limited time afterwards.

As of June 30, 2021, Uniti owns approximately 123,000 fiber route miles and 7.1 million fiber strand miles across the U.S., positioning itself as a leading provider of fiber and wireless solutions for the communications sector.

Uniti Group Inc. has appointed Paul Bullington as the permanent Chief Financial Officer and Treasurer, transitioning from his role as interim CFO. This change follows the departure of Mark Wallace, who left due to health reasons. Kenny Gunderman, the CEO, expressed appreciation for Wallace’s contributions and welcomed Bullington's experience in the communications infrastructure industry, particularly in mergers and acquisitions. Uniti is a real estate investment trust focused on acquiring and constructing critical communications infrastructure, owning approximately 123,000 fiber route miles as of June 30, 2021.