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.
On August 4, 2020, Uniti Group (Nasdaq: UNIT) announced a quarterly cash dividend of $0.15 per share. The dividend is payable on October 2, 2020, to shareholders on record as of September 18, 2020. Uniti specializes in acquiring and constructing critical communication infrastructures and owns approximately 6.3 million fiber strand miles across the U.S. This announcement reflects the company's commitment to returning value to its shareholders and maintaining consistent income.
LITTLE ROCK, Ark., July 30, 2020 – Uniti Group Inc. (Nasdaq: UNIT) announced its participation in the Cowen 2020 Communications Infrastructure Summit. The presentation is set for 9:20 AM ET on August 12, 2020, featuring CEO Kenny Gunderman and Vice President Bill DiTullio. A live webcast will be available on Uniti’s website under the Investors tab, with a replay accessible shortly after the event.
As of March 31, 2020, Uniti operates 6.3 million fiber strand miles, providing critical communications infrastructure across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) will announce its Q2 2020 financial results on August 6, 2020, after market close. A conference call is scheduled for the same day at 4:15 PM ET to discuss the earnings. Investors can join the call by dialing (844) 513-7153 or (508) 637-5603 for international attendees, using conference ID 8959726. Uniti owns 6.3 million fiber strand miles across the U.S., providing essential wireless infrastructure solutions.
LITTLE ROCK, Ark., June 4, 2020 (GLOBE NEWSWIRE) -- Uniti Group announced that Mark A. Wallace, Executive Vice President and Chief Financial Officer, along with Ron Mudry, Chief Revenue Officer, will participate in the Wells Fargo Securities 2020 Virtual 5G Forum on June 18, 2020. Uniti is a leading provider of wireless infrastructure solutions and an internally managed real estate investment trust. As of March 31, 2020, Uniti owns 6.3 million fiber strand miles across the U.S.
Uniti has successfully completed the sale of 90% of its U.S. tower business to Melody Investment Advisors for approximately $220 million. This strategic move allows Uniti to retain a 10% investment interest in the tower operations. The transaction was facilitated by Goldman Sachs, serving as the exclusive financial advisor to Uniti. As of March 31, 2020, Uniti operates over 6.3 million fiber strand miles across the United States, emphasizing its role in the communications infrastructure sector.
LITTLE ROCK, Ark., May 19, 2020 (GLOBE NEWSWIRE) -- Uniti Group announced that President and CEO Kenny Gunderman, along with CFO Mark A. Wallace, will participate in Nareit’s 2020 REITweek Investor Conference. The presentation is set for 11:20 AM ET on June 2, 2020. Investors can access a live webcast of the event on Uniti’s website under the Investors tab. Uniti is a leading real estate investment trust focused on mission-critical communications infrastructure, owning 6.3 million fiber strand miles and around 700 wireless towers as of March 31, 2020.
Uniti Group announced first quarter 2020 revenues of $266.2 million with a net loss of $80.3 million. The U.S. Bankruptcy Court approved a settlement with Windstream, enhancing Uniti's network value and ensuring rent payments during the settlement period. Uniti modified its tower sale terms to Melody Investment Advisors, increasing cash consideration to $220 million and retaining a 10% stake. The company declared a quarterly dividend of $0.15 per share and updated its 2020 outlook, dependent on Windstream lease compliance.
Uniti Group announced a quarterly cash dividend of $0.15 per share, payable on July 10, 2020, to shareholders recorded by June 26, 2020. This dividend reflects the company's ongoing commitment to return value to its shareholders.
As of March 31, 2020, Uniti owns approximately 6.3 million fiber strand miles and 700 wireless towers, establishing itself as a leader in the communications infrastructure sector.
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