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. has announced a $570 million offering of new senior secured notes due 2028 to fund the redemption of its 6.00% senior secured notes due 2023. The redemption notice is contingent upon completing debt financings of at least $570 million. The new notes will be secured by first-priority liens on the assets of the Issuers and subsidiary guarantors. This offering is aimed at enhancing financial flexibility and is targeted primarily at institutional investors.
Uniti Group Inc. (Nasdaq: UNIT) has released its inaugural Environmental, Social and Governance (ESG) Report, detailing its ESG policies and accomplishments for 2020. CEO Kenny Gunderman emphasized the company's commitment to sustainable and responsible operations while enhancing value for stakeholders. The report is accessible on Uniti's investor relations website, providing insights into its strategic initiatives in communications infrastructure.
Uniti Group (Nasdaq: UNIT) announced that its CEO, Kenny Gunderman, and CFO, Mark Wallace, will present at the Citi 2021 Global Property CEO Conference on March 10, 2021, at 4:15 PM ET. A live webcast will be available on the company’s website under the Investors tab, with a replay later accessible.
As of December 31, 2020, Uniti owned over 123,000 fiber route miles and approximately 6.9 million fiber strand miles across the U.S., specializing in mission-critical communications infrastructure.
Uniti Group announced that its Executive Vice President and CFO, Mark Wallace, along with President of Wholesale and Strategic Accounts, Greg Ortyl, will present at the Deutsche Bank 29th Annual Media, Internet & Telecom Conference. The event is scheduled for 3:00 PM ET on March 8, 2021. Interested parties can access a live webcast of the presentation on Uniti’s website under the Investors tab, with a replay available for a limited time afterward. Uniti specializes in building and acquiring communications infrastructure, owning over 123,000 fiber route miles across the U.S.
On March 1, 2021, Uniti Group announced preliminary results for Q4 and full year 2020, reporting revenues of $275.3 million and $1.1 billion, respectively. The company faced a net loss of $47.7 million in Q4 and $718.8 million for the year, impacted by a $71 million goodwill impairment. Adjusted Funds From Operations (AFFO) were $0.42 and $1.72 per diluted share for Q4 and the full year. Uniti successfully refinanced its credit facilities, lowering interest costs and improving financial flexibility. The outlook for 2021 anticipates solid growth and strategic transactions.
On February 25, 2021, Uniti Group announced a quarterly cash dividend of $0.15 per share, which will be paid on April 16, 2021, to stockholders of record by April 1, 2021. Uniti, a real estate investment trust, specializes in critical communications infrastructure, owning approximately 6.7 million fiber strand miles across the United States as of September 30, 2020. The dividend declaration reflects the company's ongoing commitment to returning value to its shareholders.
Uniti Group Inc. (Nasdaq: UNIT) announced presentations at key investor conferences in March 2021. Executive Vice President and CFO, Mark Wallace, along with Vice President of Finance and Investor Relations, Bill DiTullio, will present at the following events:
- J.P. Morgan 2021 Global High Yield and Leveraged Finance Conference on March 2 at 2:45 PM ET
- Raymond James 42nd Annual Institutional Investors Conference on March 3 at 2:10 PM ET
- Morgan Stanley 2021 Technology, Media & Telecom Conference on March 4 at 9:30 AM ET
Webcasts of the events will be available on Uniti’s website.
Uniti Group Inc. (Nasdaq: UNIT) will announce its fourth quarter and year-end 2020 financial results on March 1, 2021, after market close. A conference call to discuss these results will take place the same day at 4:15 PM ET, accessible by dialing (844) 513-7153 or (508) 637-5603 for international callers, with the conference ID 7875254. Uniti specializes in mission-critical communications infrastructure and owns 6.7 million fiber strand miles across the U.S. Further details can be found on Uniti's website.
Uniti Group Inc. (Nasdaq: UNIT) announced the tax treatment of its 2020 distributions, detailing federal income tax implications for shareholders. A total distribution of $0.60 per share was reported, with $0.5199 as ordinary dividends. The press release underscores that ordinary dividends will be reported as Section 199A Dividends, necessitating a 45-day holding period for qualification. Shareholders are advised to consult tax advisors regarding these distributions. Uniti is recognized for its extensive fiber optic network, owning 6.7 million fiber strand miles across the U.S.
Uniti Group (Nasdaq: UNIT) announced the pricing of $1.11 billion in 6.50% senior notes due 2029, increasing from the initial offering size of $750 million. The offering is expected to close on February 2, 2021. Proceeds will fund the purchase of outstanding 8.25% Senior Notes due 2023 in a tender offer and repay additional debt if needed. The new notes will not be registered under the Securities Act and will be available to qualified institutional buyers only. Uniti, a real estate investment trust, manages critical communications infrastructure across the U.S.
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