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 reported strong Q2 2022 results with a net income of $53.8 million, marking an 8.3% increase year-over-year. Adjusted EBITDA rose by 5.3% to $227.2 million. The company announced an AFFO of $114.9 million, translating to $0.44 per diluted share, a 7.3% rise from the previous year. With over $7 billion in contracted revenue, Uniti aims for sustained growth despite economic challenges. The updated 2022 outlook forecasts revenues between $1,122 million and $1,140 million.
On July 29, 2022, Uniti Group declared a quarterly cash dividend of $0.15 per share, set for payment on September 23, 2022, to stockholders recorded by September 9, 2022. Uniti operates as a real estate investment trust focused on communications infrastructure, boasting approximately 129,000 fiber route miles and 7.7 million fiber strand miles across the U.S. The company's strategic investments in fiber and wireless solutions position it as a leader in the communications sector.
Uniti Group announced that its President and CEO, Kenny Gunderman, along with VP of Finance and Investor Relations, Bill DiTullio, will participate in the Cowen 8th Annual Communications Infrastructure Summit on August 9, 2022. The presentation is set for 4:55 PM MT / 6:55 PM ET in Boulder, CO. A live webcast of the event will be accessible on Uniti’s website, with a replay available for a limited time thereafter. Uniti, a real estate investment trust, specializes in acquiring and constructing vital communications infrastructure, boasting approximately 129,000 fiber route miles as of March 31, 2022.
Uniti Group Inc. (Nasdaq: UNIT) announced it will release its second quarter 2022 financial results on August 4, 2022, before the Nasdaq opens. A conference call discussing the earnings will follow at 8:30 AM Eastern Time, with a live webcast available on its Investor Relations website. Uniti, a real estate investment trust, specializes in communications infrastructure and currently owns 129,000 fiber route miles and 7.7 million fiber strand miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) announced that its President of Wholesale & Strategic Accounts, Greg Ortyl, and Vice President of Finance and Investor Relations, Bill DiTullio, will participate in the Wells Fargo 2022 Streaming & Connectivity Day Conference. The event is set for 1:15 PM ET on June 14, 2022. Investors can access a live webcast on Uniti’s website, which will be available for replay afterward. As of March 31, 2022, Uniti operates approximately 129,000 fiber route miles and 7.7 million fiber strand miles across the U.S.
Uniti Group announced that its President and CEO, Kenny Gunderman, will present at the Nareit 2022 REITweek Investor Conference on June 7, 2022, at 8:00 AM ET in New York, NY. A live webcast will be available on Uniti’s website under the Investors tab, and a replay will be accessible for a limited time after the event. As of March 31, 2022, Uniti owns approximately 129,000 fiber route miles and 7.7 million fiber strand miles across the U.S., making it a key player in the communications infrastructure sector.
Uniti Group Inc. (Nasdaq: UNIT) announced that its Chief Revenue Officer, Ron Mudry, and Vice President of Finance and Investor Relations, Bill DiTullio, will present at the Cowen 50th Annual Technology, Media & Telecom Conference. The event is set for 3:20 PM ET on June 2, 2022, in New York, NY. A live webcast will be accessible on Uniti’s website under the Investors tab, with a replay available for a limited time. Uniti is a real estate investment trust specializing in communications infrastructure, owning about 129,000 fiber route miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) announced its participation in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 25, 2022. CEO Kenny Gunderman and VP Bill DiTullio will present at 1:50 PM ET in Boston. A live webcast will be available on Uniti's website, with a replay option for a limited time. As of March 31, 2022, Uniti manages approximately 129,000 fiber route miles and 7.7 million fiber strand miles across the U.S., focusing on critical communications infrastructure.
Uniti Group (Nasdaq: UNIT) announced participation of key executives at the Barclays 2022 High Yield Bond & Syndicated Loan Conference on May 24, 2022, in Austin, Texas. Senior Vice President and CFO, Paul Bullington, along with Vice President of Finance and Investor Relations, Bill DiTullio, will represent the company.
Written materials from the event will be available on Uniti's website starting at 7:00 AM CT / 8:00 AM ET on the same day. Uniti is a leading provider of fiber and wireless communications infrastructure, owning approximately 129,000 fiber route miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) announced the deployment of an advanced Open Line System connecting cable landing stations along the east coast. This integration will enhance connectivity between Miami, Boca Raton, Jacksonville, Virginia Beach, and Ashburn, enabling the provision of 100G and 400G wavelength services. The new network is aimed at facilitating international traffic, meeting rising demand for high-capacity bandwidth from global customers.
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