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 (Nasdaq: UNIT) announced that its CFO, Paul Bullington, and VP of Finance, Bill DiTullio, will present at the BofA Securities 2022 Leveraged Finance Conference on November 30, 2022, at 8:50 AM EST, in Boca Raton, FL. A live webcast will be available on Uniti’s website under the Investors tab, with a replay for a limited time post-event. Uniti is a real estate investment trust focused on critical communications infrastructure, owning approximately 134,000 fiber route miles and 8.0 million fiber strand miles across the U.S.
CTI Towers announced the acquisition of 180 wireless towers from Uniti Group (Nasdaq: UNIT), spanning 14 states. This strategic move enhances CTI Towers' presence in the Southeastern U.S. and follows their earlier acquisition of SCI Towers. Currently, CTI Towers operates over 1,200 towers across 47 states, leasing to major carriers like AT&T, T-Mobile, and Verizon. The acquisition is expected to increase connectivity for their wireless carrier customers.
Uniti Group Inc. (Nasdaq: UNIT) announced participation in Nareit’s REITworld 2022 Annual Conference on November 16, 2022, in San Francisco, CA. Senior VP and CFO Paul Bullington and VP of Finance Bill DiTullio will represent the company. Written materials from the investor meetings will be available on Uniti's website starting at 9:00 AM ET on the day of the conference. Uniti is a leading provider of fiber and wireless solutions, owning approximately 134,000 fiber route miles and 8 million fiber strand miles throughout the U.S.
Uniti Group Inc. (UNIT) reported Q3 2022 results, highlighting a net loss of $155.7 million, primarily due to a $216 million goodwill impairment charge. Consolidated revenues reached $283.1 million, while Adjusted EBITDA rose to $225.1 million. Uniti Fiber contributed $74.5 million in revenues, achieving a 38% EBITDA margin. The company holds $268.4 million in unrestricted cash and projects full-year 2022 revenues between $1,123 million and $1,141 million. A quarterly dividend of $0.15 per share was declared, payable on December 30, 2022.
Uniti Group Inc. (Nasdaq: UNIT) announced a quarterly cash dividend of $0.15 per share, payable on December 30, 2022, to stockholders on record as of December 16, 2022. The company is a real estate investment trust focused on mission-critical communications infrastructure, owning approximately 133,000 fiber route miles and 7.8 million fiber strand miles throughout the U.S.
Uniti Group Inc. (Nasdaq: UNIT) has announced the addition of two new lit routes to its fiber network in 2023, specifically from Dallas to Atlanta and Atlanta to Ashburn, VA. These routes will feature 100G and 400G wavelength services, as well as multiple-terabit spectrum services. The new infrastructure enhances connectivity to key markets, including Little Rock, Memphis, Nashville, and Charlotte. The company's Private Wave Channel offering aims to provide flexible bandwidth solutions at competitive costs, expected to drive growth.
Uniti Group Inc. (Nasdaq: UNIT) will announce its third quarter 2022 financial results on November 3, 2022, before the market opens. A conference call to discuss the results is scheduled for the same day at 8:30 AM ET, which will be available via webcast on Uniti's Investor Relations site. As of June 30, 2022, Uniti has approximately 133,000 fiber route miles and 7.8 million fiber strand miles across the U.S., positioning itself as a significant player in mission-critical communications infrastructure.
Uniti Group Inc. (Nasdaq: UNIT) announced participation in the Deutsche Bank 30th Annual Leveraged Finance Conference on September 20, 2022. Senior Vice President and CFO Paul Bullington, along with Vice President of Finance and Investor Relations Bill DiTullio, will present at 11:20 AM MST / 2:20 PM EDT in Scottsdale, AZ. The event can be accessed via a live webcast on Uniti's website, with a replay available afterward. Uniti is a real estate investment trust focusing on critical communications infrastructure, owning approximately 133,000 fiber route miles as of June 30, 2022.
Uniti Group announced that Paul Bullington, Senior VP and CFO, along with Bill DiTullio, VP of Finance and Investor Relations, will present at the Bank of America Securities 2022 Media, Communications & Entertainment Conference. The event is scheduled for September 7, 2022, at 10:30 AM PT / 1:30 PM ET in Beverly Hills, CA. The presentation will be accessible via a live webcast on Uniti's website, which will also offer a replay for a limited time. Uniti, a real estate investment trust, specializes in critical communications infrastructure, owning approximately 133,000 fiber route miles across the U.S.
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