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) has announced that its President and CEO, Kenny Gunderman, will be presenting at the BofA Securities 2024 Media, Communications and Entertainment Conference. The presentation is scheduled for September 4, 2024, at 2:00 PM EDT in New York, NY.
Investors and interested parties can access a live webcast of the event through Uniti's Investor Relations website at investor.uniti.com. The company has also stated that a replay of the webcast will be available for a time following the presentation, providing an opportunity for those unable to attend or watch live to catch up on the information shared.
Uniti Group Inc. (UNIT) reported solid Q2 2024 results, with consolidated revenues of $294.9 million and net income of $18.3 million. Key highlights include:
- Consolidated bookings MRR of $1.1 million, up 50% YoY
- Net income of $0.07 per diluted common share
- AFFO of $0.34 per diluted common share
- Adjusted EBITDA of $236.7 million with 80% margins
- Strong demand from Hyperscalers and Generative AI, driving 40% of bookings
- Core recurring strategic fiber business grew 3% YoY
- Progress on transformational merger with Windstream, expected to close by H2 2025
Uniti updated its 2024 outlook, projecting revenue of $1,154-$1,174 million and Adjusted EBITDA of $930-$950 million.
Uniti Group Inc. (Nasdaq: UNIT) has announced that its President and CEO, Kenny Gunderman, will be presenting at the TD Cowen 10th Annual Communications Infrastructure Summit. The presentation is scheduled for August 13, 2024, at 2:55 PM MDT / 4:55 PM EDT in Boulder, CO.
Investors and interested parties can access a live webcast of the event through Uniti's Investor Relations website at investor.uniti.com. The webcast will also be available for replay for a time after the presentation concludes.
This event provides an opportunity for Uniti to showcase its position in the communications infrastructure sector and potentially discuss its strategies and outlook with industry professionals and investors.
Uniti Group (Nasdaq: UNIT) is set to release its Q2 2024 financial results on August 1, 2024, before the Nasdaq market opens.
A conference call to discuss the earnings will take place the same day at 8:30 AM ET, accessible via live webcast on their Investor Relations website. Interested parties can register for telephone participation through the Investor Relations site or by following the provided link. A replay will also be available on the website.
Uniti Group (Nasdaq: UNIT) announced that its President and CEO, Kenny Gunderman, and VP of Investor Relations & Treasury, Bill DiTullio, will present at the Nareit 2024 REITweek Investor Conference.
The event is scheduled for 9:30 AM EDT on June 5, 2024, in New York, NY. Investors can access a live webcast of the presentation on Uniti’s Investor Relations website, with a replay available for a time afterward.
Uniti Group announced that its President and CEO, Kenny Gunderman, along with SVP, CFO, and Treasurer, Paul Bullington, will present at the TD Cowen 52nd Annual Global Technology, Media and Telecom Conference.
The presentation is scheduled for 9:40 AM EDT on May 29, 2024, in New York, NY. A live webcast of the event will be available on Uniti's Investor Relations website, and it will be accessible for replay for a time.
Uniti Group (Nasdaq: UNIT) announced that its President and CEO, Kenny Gunderman, and VP, Investor Relations & Treasury, Bill DiTullio, will participate in the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference in Boston, MA, on May 22, 2024. Investor materials related to their participation will be available on Uniti's Investor Relations website under the Events & Presentations tab.
Uniti Group has announced its participation at the Barclays 2024 Leveraged Finance Conference, scheduled for May 21, 2024, in Austin, TX. Representing Uniti will be Paul Bullington, the Senior Vice President, Chief Financial Officer, and Treasurer, along with Bill DiTullio, the Vice President of Investor Relations & Treasury. Any investor materials related to this event will be available on Uniti’s Investor Relations website under the Events & Presentations tab.
Uniti Group Inc. announced that its President and CEO, along with the VP of Investor Relations, will participate in the Goldman Sachs 9th Annual Leveraged Finance and Credit Conference. The event is scheduled for May 14, 2024, in Rancho Palos Verdes, CA. Investor materials will be accessible on Uniti's Investor Relations website.
Uniti Group Inc. announced the pricing of $300 million aggregate principal amount of 10.50% Senior Secured Notes due 2028. The notes will be issued at an issue price of 103.00% and will be guaranteed by the Company and its subsidiaries. The offering is expected to close on May 17, 2024, with proceeds to be used for general corporate purposes, including funding for the merger with Windstream.
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