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) maintains this dedicated news hub for tracking developments in its telecommunications infrastructure business and strategic initiatives. As a specialized REIT transitioning into integrated telecom services through its Windstream merger, this page provides investors and industry observers with timely updates on fiber network expansions, enterprise partnerships, and residential service developments.
Our curated news collection offers essential insights into UNIT's evolving business model, including quarterly earnings reports, infrastructure investment announcements, and regulatory filings related to its 140,000+ route mile fiber network. Users will find analysis of the company's dual focus on enterprise fiber leasing and emerging consumer telecom markets.
The resource prioritizes factual reporting on network expansion milestones, contract renewals with hyperscale customers, and integration progress with Windstream's residential services. All content undergoes strict verification to ensure compliance with financial disclosure standards while maintaining accessibility for both professional analysts and infrastructure investment newcomers.
Bookmark this page for consolidated access to UNIT's corporate communications, including SEC filings, merger-related updates, and technology deployment announcements. Regular updates ensure stakeholders remain informed about this strategic player in Southeast US telecom infrastructure development.
Uniti Group Inc. (Nasdaq: UNIT) announced its strategic densification of fiber networks in key Southeast metro markets, aiming to enhance connectivity solutions for businesses and wholesale customers. The network now spans 135,000 route miles and 8 million strand miles of fiber across the U.S. Targeted areas for growth include Augusta and Columbus, Georgia, Birmingham, Huntsville, Montgomery, and Tuscaloosa, Alabama, as well as Shreveport and Monroe, Louisiana. Uniti's expansion is designed to provide significant advantages to enterprise and wholesale customers amidst rising bandwidth demands and aging infrastructure. The company plans further densification throughout its Southeast footprint in 2023.
Uniti Group (Nasdaq: UNIT) announced it will release its Q1 2023 financial results on May 4, 2023, before market opening. A conference call is scheduled for the same day at 8:30 AM ET to discuss the earnings, which will be available via webcast on Uniti’s Investor Relations website. Following the call, a replay will be accessible starting at 12:00 PM ET. Uniti, a real estate investment trust, focuses on communications infrastructure and owns approximately 135,000 fiber route miles and 8.0 million fiber strand miles across the U.S.
LITTLE ROCK, Ark., March 27, 2023 – Uniti Group Inc. (Nasdaq: UNIT) announced an amendment to its credit agreement that extends the maturity date of its senior secured revolving credit facility to September 24, 2027, pending regulatory approvals. The amendment transitions the $500 million facility from LIBOR to Term SOFR with a credit spread adjustment of ten basis points. Senior Vice President, Paul Bullington, stated that this extension allows over 97% of Uniti's outstanding debt to mature in 2027 or later. Bank of America acted as Left Lead Arranger for the transaction.
Uniti Group reported record consolidated new bookings of $3.6 million and gross install revenue of $3.5 million in 2022. For the fourth quarter, consolidated revenues reached $283.7 million, with a net income of $41.0 million, but included a $24.5 million goodwill impairment charge affecting the Uniti Fiber segment. Total revenue for 2022 stood at $1.1 billion, with a net loss of $8.1 million and $455.1 million in Adjusted Funds From Operations (AFFO). The company plans to redeem old debts and issued $2.6 billion in senior secured notes, while maintaining a robust liquidity position with $355.8 million in unrestricted cash. A quarterly dividend of $0.15 per share is also declared for stockholders.
Uniti Group Inc. (Nasdaq: UNIT) announced a quarterly cash dividend of $0.15 per share, payable on April 14, 2023, to stockholders of record on March 31, 2023. The company specializes in acquiring and constructing essential communications infrastructure, owning approximately 134,000 fiber route miles and 8.0 million fiber strand miles across the U.S. As an internally managed real estate investment trust, Uniti plays a significant role in the communications industry, emphasizing fiber and wireless solutions for businesses.
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.
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