Uniti Announces New Contract Award with Large Hyperscaler
Uniti Group Inc. (Nasdaq: UNIT) has secured a new 20-year contract with a major hyperscale customer in Alabama. The project involves constructing a 200+ route mile long-haul fiber network connecting new data centers optimized for Generative AI. Uniti will build a multi-duct fiber system with high-count cables between Montgomery and Mobile, AL, creating a diverse path and allowing interconnection to other regional and long-haul routes.
This contract, executed in Q2, demonstrates Uniti's strong momentum in the hyperscale segment. The company plans to deliver these fiber routes in 2025. Over recent years, Uniti has invested over $300 million in Alabama, building nearly 4,000 fiber route miles. The company also received 'Alabama Middle Mile' grant funding to enhance route diversity throughout the state.
Uniti Group Inc. (Nasdaq: UNIT) ha ottenuto un nuovo contratto di 20 anni con un importante cliente hyperscale in Alabama. Il progetto prevede la costruzione di una rete in fibra ottica a lunga distanza di oltre 200 miglia che collegherà nuovi data center ottimizzati per l'Intelligenza Artificiale Generativa. Uniti costruirà un sistema in fibra multi-duct con cavi ad alta capacità tra Montgomery e Mobile, AL, creando un percorso diversificato e consentendo l'interconnessione con altre rotte regionali e di lunga distanza.
Questo contratto, firmato nel secondo trimestre, dimostra il forte slancio di Uniti nel segmento hyperscale. L'azienda prevede di consegnare queste rotte in fibra nel 2025. Negli ultimi anni, Uniti ha investito oltre 300 milioni di dollari in Alabama, costruendo quasi 4.000 miglia di rete in fibra ottica. L'azienda ha anche ricevuto finanziamenti tramite il grant 'Alabama Middle Mile' per migliorare la diversificazione delle rotte in tutto lo stato.
Uniti Group Inc. (Nasdaq: UNIT) ha asegurado un nuevo contrato de 20 años con un importante cliente hyperscale en Alabama. El proyecto consiste en construir una red de fibra de larga distancia de más de 200 millas que conectará nuevos centros de datos optimizados para la Inteligencia Artificial Generativa. Uniti construirá un sistema de fibra de múltiples ductos con cables de alta capacidad entre Montgomery y Mobile, AL, creando un camino diverso y permitiendo la interconexión con otras rutas regionales y de larga distancia.
Este contrato, firmado en el segundo trimestre, demuestra el fuerte impulso de Uniti en el segmento hyperscale. La empresa planea entregar estas rutas de fibra en 2025. En los últimos años, Uniti ha invertido más de 300 millones de dólares en Alabama, construyendo casi 4,000 millas de red de fibra. La empresa también recibió financiamiento de la subvención 'Alabama Middle Mile' para mejorar la diversidad de rutas en todo el estado.
Uniti Group Inc. (Nasdaq: UNIT)는 앨라배마의 주요 하이퍼스케일 고객과 20년 계약을 체결했습니다. 이 프로젝트는 Generative AI에 최적화된 새로운 데이터 센터를 연결하는 200마일 이상의 장거리 섬유 네트워크를 구축하는 것입니다. Uniti는 몬고메리와 모바일, AL 사이에 고밀도 케이블로 다중 덕트 섬유 시스템을 구축하여 다양한 경로를 생성하고 다른 지역 및 장거리 노선과의 상호 연결을 허용합니다.
2분기에 체결된 이 계약은 하이퍼스케일 부문에서 Uniti의 강력한 모멘텀을 보여줍니다. 회사는 2025년에 이 섬유 경로를 제공할 계획입니다. 최근 몇 년 동안 Uniti는 앨라배마에 3억 달러 이상을 투자하여 거의 4,000마일의 섬유 레일을 구축했습니다. 이 회사는 또한 주 전역의 경로 다양성을 높이기 위해 '앨라배마 미들 마일' 보조금 자금을 받았습니다.
Uniti Group Inc. (Nasdaq: UNIT) a obtenu un nouveau contrat de 20 ans avec un important client hyperscale en Alabama. Le projet consiste à construire un réseau de fibre optique longue distance de plus de 200 milles reliant de nouveaux centres de données optimisés pour l'Intelligence Artificielle Générative. Uniti construira un système de fibre multi-ducte avec des câbles à haute capacité entre Montgomery et Mobile, AL, créant un chemin diversifié et permettant l'interconnexion avec d'autres routes régionales et de longue distance.
Ce contrat, signé au deuxième trimestre, démontre le fort élan d'Uniti dans le segment hyperscale. L'entreprise prévoit de livrer ces routes en fibre en 2025. Au cours des dernières années, Uniti a investi plus de 300 millions de dollars en Alabama, construisant près de 4 000 milles de fibre. L'entreprise a également reçu un financement via la subvention 'Alabama Middle Mile' pour améliorer la diversité des routes à travers l'État.
Uniti Group Inc. (Nasdaq: UNIT) hat einen neuen 20-Jahres-Vertrag mit einem wichtigen Hyperscale-Kunden in Alabama gesichert. Das Projekt umfasst den Bau eines über 200 Meilen langen Fernfaser-Netzwerks, das neue, für Generative AI optimierte Rechenzentren verbindet. Uniti wird ein Mehrdosenfaser-System mit Hochleistungskabeln zwischen Montgomery und Mobile, AL erstellen, was einen vielfältigen Weg schafft und die Interkonnektion zu anderen regionalen und Fernverkehrsrouten ermöglicht.
Dieser im 2. Quartal abgeschlossene Vertrag zeigt den starken Schwung von Uniti im Hyperscale-Segment. Das Unternehmen plant, diese Faserstrecken im 2025 bereitzustellen. In den letzten Jahren hat Uniti über 300 Millionen Dollar in Alabama investiert und fast 4.000 Meilen Faser gebaut. Das Unternehmen erhielt auch Fördermittel im Rahmen des 'Alabama Middle Mile'-Programms, um die Routenvielfalt im gesamten Bundesstaat zu verbessern.
- Secured a new 20-year contract with a major hyperscale customer
- Expanding network with 200+ route mile long-haul fiber construction
- Creating diverse path between Montgomery and Mobile, AL
- Strengthening position in the growing hyperscale and AI data center market
- Received 'Alabama Middle Mile' grant funding for network growth
- Invested over $300 million in Alabama, building nearly 4,000 fiber route miles
- None.
Insights
This 20-year contract with a major hyperscale customer is a significant win for Uniti, demonstrating its growing presence in the high-demand AI infrastructure market. The project, spanning 200+ route miles in Alabama, will not only generate long-term revenue but also position Uniti for future growth opportunities. While specific financial terms aren't disclosed, the
Uniti's new contract highlights the surging demand for AI infrastructure. The 200+ mile route connecting Montgomery to Mobile is important for supporting Generative AI data centers, which require vast amounts of data transfer capacity. The multi-duct, high-count fiber design is forward-thinking, allowing for future expansion without significant additional construction. This approach positions Uniti well in the competitive hyperscale market. The diverse path between markets enhances network resilience, a critical factor for AI applications that demand high uptime. Uniti's focus on interconnecting to other regional and long-haul routes suggests they're building a comprehensive network topology, essential for attracting and retaining major tech clients. The 20-year contract duration indicates the customer's long-term commitment to this infrastructure, reflecting confidence in Uniti's capabilities and the sustained growth of AI technologies.
This contract signifies Uniti's strong position in the rapidly growing AI infrastructure market. The hyperscale segment, dominated by tech giants, is aggressively expanding to support AI initiatives, presenting significant opportunities for fiber network providers. Uniti's success in securing this contract, following previous investments in Alabama, demonstrates its competitive edge in this high-stakes market. The 20-year duration provides stable, long-term revenue, a important factor for investors considering the volatility of tech-related stocks. The company's strategic focus on route diversity and interconnectivity aligns well with the increasing demand for robust, high-capacity networks to support AI and cloud services. This contract, combined with the recent grant funding, suggests Uniti is well-positioned to capitalize on the ongoing digital transformation trend, potentially leading to increased market share and investor confidence in the long term.
LITTLE ROCK, Ark., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) is pleased to announce a new 20-year contract award from a strategic hyperscale customer in Alabama. As part of this award, Uniti will construct a new long-haul route that will span over 200 route miles when complete, connecting new data centers optimized for Generative AI, and broadening Uniti’s reach throughout the state.
In order to deliver on the new contract and create significant capacity for future growth, Uniti will build a multi-duct fiber system with several high-count fiber cables between Montgomery and Mobile, AL. This route will create a diverse path between these two markets allowing Uniti’s customers to interconnect to other regional and long-haul routes, which connect data centers in other markets.
“We are humbled to have earned the continued trust of our hyperscale customer, resulting in the building of this critical route connecting two important markets in Alabama,” commented Greg Ortyl, Uniti’s President of Wholesale & Strategic Accounts. “This contract award continues to demonstrate the strong momentum Uniti has within the hyperscale segment as they aggressively build out new AI-optimized data centers.”
With deep roots in Alabama and a large presence in the City of Mobile, Uniti continues to invest in its fiber network, enhancing connectivity solutions for its enterprise, wholesale and government segments. In addition to finishing construction on a new multi-duct system across Mobile Bay, Uniti was recently awarded “Alabama Middle Mile” grant funding to continue its network growth efforts, strengthening route diversity throughout the state.
This contract award was executed in the second quarter and Uniti plans to deliver these fiber routes to its customer in 2025. Over the last several years, Uniti has built almost 4,000 fiber route miles in Alabama, representing over
FORWARD-LOOKING STATEMENTS
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Uniti expressly disclaims any obligation to release publicly any updates or revisions to any of the forward-looking statements set forth in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any statement is based.
ABOUT UNITI
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure and is a leading provider of fiber and other wireless solutions for the communications industry. As of June 30, 2024, Uniti owns approximately 142,000 fiber route miles, 8.6 million fiber strand miles, and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at www.uniti.com.
SALES CONTACTS:
Ron Mudry, 727-421-0388
Senior Vice President, Chief Revenue Officer
ron.mudry@uniti.com
Greg Ortyl, 314-749-2478
President, Wholesale & Strategic Accounts
greg.ortyl@uniti.com
INVESTOR and MEDIA CONTACTS:
Paul Bullington, 251-662-1512
Senior Vice President, Chief Financial Officer & Treasurer
paul.bullington@uniti.com
Bill DiTullio, 501-850-0872
Vice President, Investor Relations & Treasury
bill.ditullio@uniti.com
This press release was published by a CLEAR® Verified individual.
FAQ
What is the new contract Uniti (UNIT) announced on September 3, 2024?
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