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 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.
Uniti Group Inc. (Nasdaq: UNIT) announced the immediate leave of absence of its Chief Financial Officer, Mark Wallace, due to health reasons. The Board of Directors appointed Paul Bullington as interim CFO. Bullington brings over 20 years of experience in fiber and communications infrastructure, having previously served as CFO of Southern Light before its acquisition by Uniti in 2017. The CEO conveyed confidence in Bullington's leadership as the company continues to pursue its strategic priorities.
Uniti Group reported Q1 2021 revenues of $272.6 million, with a net loss of $0.02 per diluted share. The company achieved AFFO of $0.41 per diluted share, up 7% year-over-year. Uniti Fiber contributed $77.7 million in revenues, while Uniti Leasing generated $194.9 million. The refinancing efforts included the issuance of $570 million in Senior Secured Notes due 2028, expected to save $25 million in cash interest annually. Liquidity stands at $522.5 million with no significant debt maturities until 2024, supporting the company's strong outlook for continued growth.
Uniti Group Inc. (UNIT) declared a quarterly cash dividend of $0.15 per share, set to be paid on July 2, 2021, to shareholders on record as of June 18, 2021. This decision highlights Uniti's commitment to returning value to its investors while maintaining its position as a leading provider of mission-critical communications infrastructure.
As of December 31, 2020, Uniti boasts over 123,000 fiber route miles and 6.9 million fiber strand miles across the United States.
Uniti Group Inc. (Nasdaq: UNIT) will release its first quarter 2021 financial results on May 6, 2021, after market closure. A conference call is scheduled for the same day at 4:15 PM ET to discuss the earnings. Investors can access the call at (800) 708-4540, with an international option available. As of December 31, 2020, Uniti boasts over 123,000 fiber route miles and approximately 6.9 million fiber strand miles across the U.S., solidifying its position as a leader in communications infrastructure.
Uniti Group Inc. (Nasdaq: UNIT) has priced an offering of $570 million in 4.75% senior secured notes due 2028. The notes will be issued at an issue price of 100.00%, guaranteed on a senior unsecured basis by the Company and on a senior secured basis by its subsidiaries. The proceeds will fund the redemption of the 6.00% senior secured notes due 2023. The offering is set to close on April 20, 2021, with certain conditions in place regarding its completion.
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