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) maintains this dedicated news hub for tracking developments in its telecommunications infrastructure business and strategic initiatives. As a specialized REIT transitioning into integrated telecom services through its Windstream merger, this page provides investors and industry observers with timely updates on fiber network expansions, enterprise partnerships, and residential service developments.
Our curated news collection offers essential insights into UNIT's evolving business model, including quarterly earnings reports, infrastructure investment announcements, and regulatory filings related to its 140,000+ route mile fiber network. Users will find analysis of the company's dual focus on enterprise fiber leasing and emerging consumer telecom markets.
The resource prioritizes factual reporting on network expansion milestones, contract renewals with hyperscale customers, and integration progress with Windstream's residential services. All content undergoes strict verification to ensure compliance with financial disclosure standards while maintaining accessibility for both professional analysts and infrastructure investment newcomers.
Bookmark this page for consolidated access to UNIT's corporate communications, including SEC filings, merger-related updates, and technology deployment announcements. Regular updates ensure stakeholders remain informed about this strategic player in Southeast US telecom infrastructure development.
Uniti Group Inc. (Nasdaq: UNIT) has launched a tender offer to buy back up to $750 million of its 8.25% Senior Notes due 2023. This initiative includes a Consent Solicitation to amend the indenture, aiming to remove most restrictive covenants and default events. The Offer is contingent on meeting certain conditions, including a minimum $750 million in gross proceeds from concurrent debt financing. The Offer will expire on February 16, 2021, with an early tender deadline on February 1, 2021. Holders can withdraw their tendered notes before this deadline.
Uniti Group Inc. (Nasdaq: UNIT) has initiated a $750 million offering of senior notes due 2029. The funds will primarily finance a tender offer to purchase its 8.25% Senior Notes maturing in 2023. Any remaining proceeds may be used to reduce other debt obligations. The new notes are targeted at qualified institutional buyers and will not be publicly registered. Uniti continues to strengthen its market position in the communications infrastructure sector, owning 6.7 million fiber strand miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) announced participation by Mark Wallace, Executive VP, CFO, and Treasurer, along with Bill DiTullio, VP of Finance and Investor Relations, at the Citi 2021 Global TMT West Conference on January 7, 2021, at 3:00 PM ET. A live webcast of the event will be available on Uniti's website, with a replay option thereafter. Uniti is a real estate investment trust focused on acquiring and constructing communications infrastructure, boasting 6.7 million fiber strand miles across the U.S. More details can be found at www.uniti.com.
Uniti Group has amended its credit agreement, increasing commitments to $500 million under its senior secured revolving credit facility. The amendment allows for greater flexibility in strategic initiatives, with the maturity date extended to December 10, 2024, and improved pricing. Interest rates will range from LIBOR plus 375 to 450 basis points, contingent on secured leverage ratios. Key covenants have been modified to facilitate debt incurrence and investment. The transaction was facilitated by Bank of America.
Uniti Group announced that Mark Wallace, Executive Vice President and CFO, along with Bill DiTullio, VP of Finance and Investor Relations, will represent the company at the Wells Fargo 2020 TMT Summit. The presentation is scheduled for 10:40 AM ET on December 2, 2020. A live webcast can be accessed on Uniti's website, and a replay will be available for a limited time afterward. Uniti, a real estate investment trust, focuses on acquiring and constructing vital communications infrastructure, owning 6.7 million fiber strand miles as of September 30, 2020.
Uniti Group (Nasdaq: UNIT) announced key participation in the Bank of America Securities 2020 Leveraged Finance Conference. Scheduled for 9:00 AM ET on November 30, 2020, the event will feature Chief Revenue Officer Ron Mudry and VP of Finance and Investor Relations Bill DiTullio. A live webcast will be available on Uniti’s website under the Investors tab, with a replay accessible for a limited time post-event. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles of communications infrastructure across the U.S.
Uniti Group, a leading real estate investment trust focused on communications infrastructure, announced that CEO Kenny Gunderman and CFO Mark Wallace will participate in Nareit’s REITworld 2020 Annual Conference on November 19, 2020, at 12:00 PM ET. Investors can access a live webcast of the event on Uniti’s website, with a replay available later. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles across the United States, emphasizing its role in providing critical wireless infrastructure solutions.
Uniti Group Inc. (Nasdaq: UNIT) reported third-quarter 2020 revenues of $258.8 million and a net income of $7.5 million. The Company’s Adjusted Funds From Operations (AFFO) were $92.5 million, or $0.42 per diluted share. The quarter marked a robust performance by Uniti Fiber, contributing $76.4 million in revenue. Uniti announced a strategic OpCo-PropCo transaction with Everstream, providing approximately $135 million in cash and ongoing revenues. The company maintains a strong liquidity position with $484 million in cash, and declared a $0.15 cash dividend for the upcoming quarter.
Uniti Group announced the dismissal of all claims in a securities lawsuit filed by SLF Holdings against it and its officers. The U.S. District Court for Delaware ruled on November 4, 2020, that amending the complaint would be futile and dismissed SLF’s claims with prejudice. The lawsuit alleged failure to disclose risks related to Windstream’s bankruptcy, but the court found Uniti's disclosures were adequate, rejecting claims of conspiracy to mislead investors.
Uniti Group Inc. (Nasdaq: UNIT) announced a quarterly cash dividend of $0.15 per share payable on January 4, 2021 to stockholders of record on December 15, 2020. This dividend reflects Uniti's commitment to delivering value to its shareholders as an internally managed real estate investment trust specializing in acquiring and constructing vital communications infrastructure. By June 30, 2020, Uniti owned 6.5 million fiber strand miles across the U.S., establishing itself as a key provider in the wireless infrastructure sector.
