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 (Nasdaq: UNIT) announced that Senior Vice President and Interim CFO, Paul Bullington, along with Vice President of Finance and Investor Relations, Bill DiTullio, will participate in the Bank of America Securities 2021 Media, Communications & Entertainment Conference. This presentation is set for 2:20 PM ET on September 13, 2021. A live webcast will be available on the company's website under the Investors tab, with replays accessible for a limited time after the event.
As of June 30, 2021, Uniti operates approximately 123,000 fiber route miles and 7.1 million fiber strand miles in the U.S.
Uniti Group has launched a new product called Wave Lease, enabling the provision of 100G and 400G Wavelength Services and multiple-Terabit Spectrum Services in Florida, with plans for nationwide expansion. The deployment utilizes advanced Ciena RLS technology to connect major markets like Tampa and Miami, aiming for operational readiness by the end of 2021. This product is positioned to deliver flexible bandwidth solutions and is expected to drive significant growth for Uniti.
Uniti Group reported strong second-quarter results with revenues of $268.2 million and a net income of $0.20 per diluted common share, a significant increase from the prior year. The company achieved a 10% growth in Adjusted Funds From Operations (AFFO) to $0.41 per share. Notably, Uniti completed a strategic transaction with Everstream, generating $135 million in cash. The company maintains a solid liquidity position with $574 million in unrestricted cash. Updated 2021 forecasts estimate revenue growth of 2% and AFFO growth of 6% year-over-year.
Uniti Group Inc. (Nasdaq: UNIT) announced a quarterly cash dividend of $0.15 per share, payable on October 1, 2021 to stockholders of record on September 17, 2021. Uniti specializes in acquiring and building communications infrastructure, boasting over 125,000 fiber route miles and 7.0 million fiber strand miles nationwide as of March 31, 2021. The company is a prominent player in providing wireless infrastructure solutions, positioning itself as an essential provider in the communications industry.
LITTLE ROCK, Ark., July 28, 2021 (GLOBE NEWSWIRE) -- Uniti Group announced that CEO Kenny Gunderman and Interim CFO Paul Bullington will present at the Cowen 7th Annual Communications Infrastructure Summit on August 10, 2021, at 9:30 AM MT / 11:30 AM ET in Boulder, CO. A live webcast will be accessible on Uniti's website under the Investors tab and available for replay afterward. Uniti is a real estate investment trust specializing in communication infrastructure, owning over 125,000 fiber route miles and approximately 7 million fiber strand miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) will report its Q2 2021 financial results on August 5, 2021, after market close. A conference call to discuss these results is scheduled for the same day at 4:15 PM ET, with a dial-in number of (844) 513-7153 and an international option at (508) 637-5603. The call will be webcast live and available for replay after 8:00 PM ET on the company’s website. Uniti is a REIT specializing in the acquisition and construction of communications infrastructure, owning over 125,000 fiber route miles as of March 31, 2021.
Uniti Group announced that CEO Kenny Gunderman will participate in the Nareit 2021 REITweek Investor Conference on June 8, 2021, at 11:00 AM ET. The presentation will be accessible via a live webcast on Uniti's website under the Investors tab, with a replay available later for a limited time. Uniti is a real estate investment trust specializing in mission-critical communications infrastructure.
As of March 31, 2021, it owns over 125,000 fiber route miles and approximately 7 million fiber strand miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) has finalized a strategic transaction with Everstream Solutions, initially announced on November 9, 2020. This transaction includes two 20-year IRU lease agreements related to Uniti-owned fiber and the sale of a portion of Uniti Fiber's Northeast operations, alongside specific dark fiber IRU customer contracts linked to the Windstream settlement. Uniti received approximately $135 million in upfront cash and will earn about $3 million annually over the lease term, subject to a 2% annual increase.
Uniti Group (Nasdaq: UNIT) has announced that its Senior Vice President of Sales, Joe McCourt, and Vice President of Finance and Investor Relations, Bill DiTullio, will participate in the Cowen 49th Annual Technology, Media & Telecom Conference. The presentation is set for June 2, 2021, at 11:10 AM ET. A live webcast can be accessed on Uniti's website under the Investors tab, with a replay available for a limited time. As of March 31, 2021, Uniti owns over 125,000 fiber route miles and approximately 7.0 million fiber strand miles across the U.S.
LITTLE ROCK, Ark., May 20, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (Nasdaq: UNIT) has announced its participation in several investor conferences. Kenny Gunderman, President and CEO, will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 2:45 PM ET. Mike Friloux, CTO, will speak at the RBC Capital Markets 2021 Global Datacenter, Cloud and Broadband Infrastructure Conference on May 25, 2021, at 9:20 AM ET. Ron Mudry, CRO, is scheduled to present at the Barclays 2021 High Yield Bond & Syndicated Loan Conference on May 26, 2021, at 3:00 PM ET. Live webcasts of the events will be available on Uniti's website.
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