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.
LITTLE ROCK, Ark., Feb. 22, 2023 – Uniti Group Inc. (Nasdaq: UNIT) has announced the participation of senior executives at the J.P. Morgan 2023 Global High Yield and Leveraged Finance Conference. CFO Paul Bullington and VP of Finance Bill DiTullio will present at 9:15 AM EST on March 7, 2023, in Miami, FL. The presentation will not be webcast, but materials will be available on Uniti's Investor Relations website. Uniti is a real estate investment trust specializing in mission-critical communications infrastructure, owning approximately 134,000 fiber route miles and 8.0 million fiber strand miles throughout the U.S.
LITTLE ROCK, Ark., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Uniti (Nasdaq: UNIT) has announced that its President and CEO, Kenny Gunderman, along with Bill DiTullio, Vice President of Finance and Investor Relations, will present at the Raymond James 44th Annual Institutional Investors Conference. The event is scheduled for 11:00 AM EST on March 6, 2023, in Orlando, FL.
The presentation will be accessible via a live webcast on Uniti’s website, which will also feature a replay for a limited time post-event. Uniti is a real estate investment trust known for its extensive communications infrastructure, including approximately 134,000 fiber route miles and 8 million fiber strand miles across the U.S.
On February 2, 2023, Uniti Group announced the upsizing and pricing of a $2.6 billion offering of 10.50% senior secured notes due 2028, an increase of $850 million from previously announced amounts. The offering will close on February 14, 2023, with proceeds used to redeem outstanding 7.875% senior secured notes due 2025 and repay borrowings under its revolving credit facility. The New Notes will be secured by first-priority liens on most assets of the Issuers and subsidiary guarantors. The redemption of the 2025 Secured Notes is anticipated to occur on March 4, 2023, contingent upon completing necessary debt financings.
Uniti Group Inc. (Nasdaq: UNIT) has announced an offering of $1,750 million in senior secured notes due 2028. The funds will primarily be used to partially redeem $1,422 million of their existing 7.875% senior secured notes due 2025 on March 4, 2023, along with related expenses. The new notes will be secured by first-priority liens on the Issuers' assets. This offering aims to strengthen Uniti’s financial position and optimize their debt. The New Notes will be exclusively available to qualified institutional buyers and are not registered under the Securities Act.
Uniti Group Inc. (Nasdaq: UNIT) has signed a significant long-term contract with a major global internet provider, providing long-haul dark fiber connectivity across 3,100 route miles in 12 U.S. cities. The contract, which includes key routes such as Houston to Jacksonville and Indianapolis to Nashville, encompasses over 10,600 fiber strand miles, making it one of Uniti's largest ever. This partnership is set to enhance Uniti's infrastructure capabilities, enabling scalability and improved bandwidth services, including 100G and 400G offerings. The company anticipates delivering these routes throughout 2023 and 2024.
Uniti Group announced the tax treatment of its 2022 common share distributions, confirming a total distribution of $0.75 per share. This includes ordinary dividends of $0.15 per share for each quarterly distribution made in 2022, recorded on specified dates. These dividends are classified as non-qualified and will be reported accordingly on Form 1099-DIV. Of the total distribution, $0.005886 per share will be treated as Section 897 Ordinary Dividends. As of September 30, 2022, Uniti owns approximately 134,000 fiber route miles and 8.0 million fiber strand miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) announced that it will release its fourth quarter and full year 2022 financial results before the Nasdaq market opens on February 24, 2023. A conference call to discuss these results is scheduled for the same day at 8:30 AM ET, and will be accessible via webcast on Uniti's Investor Relations website. A replay of the call will be available starting at 12:00 PM ET on the same day.
Uniti Group Inc. (Nasdaq: UNIT) has announced that Mike Friloux, Executive Vice President and Chief Technology Officer, along with Bill DiTullio, Vice President of Finance and Investor Relations, will participate in the Citi 2023 Communications, Media & Entertainment Conference on January 4, 2023, in Scottsdale, AZ. Written materials from the meetings will be available on Uniti's Investor Relations website starting at 9:00 AM EST on the same day. Uniti is a prominent real estate investment trust specializing in critical communications infrastructure, owning approximately 134,000 fiber route miles nationwide.
Uniti Group has priced its offering of $300 million in 7.50% convertible senior notes due 2027. The notes are set to settle on December 12, 2022, with an option for an additional $45 million. Investors can convert the notes into cash, shares, or both, starting in 2027. The initial conversion price is around $7.29 per share, a 20% premium over the current stock price. Proceeds will be used for capped call transactions and general corporate purposes, including repurchasing existing notes. This offering may impact share values and existing note prices.
Uniti Group Inc. (Nasdaq: UNIT) announced a proposed offering of $300 million in convertible senior notes due 2027, with an option for initial purchasers to buy an additional $45 million. The notes will be senior unsecured obligations, and proceeds will be used for general corporate purposes, including repurchasing existing senior notes. The offering is targeted at qualified institutional buyers and will not be registered under the Securities Act. This move seeks to enhance liquidity and potentially reduce dilution through capped call transactions linked to the notes.
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