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. has appointed Paul Bullington as the permanent Chief Financial Officer and Treasurer, transitioning from his role as interim CFO. This change follows the departure of Mark Wallace, who left due to health reasons. Kenny Gunderman, the CEO, expressed appreciation for Wallace’s contributions and welcomed Bullington's experience in the communications infrastructure industry, particularly in mergers and acquisitions. Uniti is a real estate investment trust focused on acquiring and constructing critical communications infrastructure, owning approximately 123,000 fiber route miles as of June 30, 2021.
Uniti Group (Nasdaq: UNIT) announced that Senior Vice President and Interim CFO, Paul Bullington, along with Vice President of Finance and Investor Relations, Bill DiTullio, will participate in the Bank of America Securities 2021 Media, Communications & Entertainment Conference. This presentation is set for 2:20 PM ET on September 13, 2021. A live webcast will be available on the company's website under the Investors tab, with replays accessible for a limited time after the event.
As of June 30, 2021, Uniti operates approximately 123,000 fiber route miles and 7.1 million fiber strand miles in the U.S.
Uniti Group has launched a new product called Wave Lease, enabling the provision of 100G and 400G Wavelength Services and multiple-Terabit Spectrum Services in Florida, with plans for nationwide expansion. The deployment utilizes advanced Ciena RLS technology to connect major markets like Tampa and Miami, aiming for operational readiness by the end of 2021. This product is positioned to deliver flexible bandwidth solutions and is expected to drive significant growth for Uniti.
Uniti Group reported strong second-quarter results with revenues of $268.2 million and a net income of $0.20 per diluted common share, a significant increase from the prior year. The company achieved a 10% growth in Adjusted Funds From Operations (AFFO) to $0.41 per share. Notably, Uniti completed a strategic transaction with Everstream, generating $135 million in cash. The company maintains a solid liquidity position with $574 million in unrestricted cash. Updated 2021 forecasts estimate revenue growth of 2% and AFFO growth of 6% year-over-year.
Uniti Group Inc. (Nasdaq: UNIT) announced a quarterly cash dividend of $0.15 per share, payable on October 1, 2021 to stockholders of record on September 17, 2021. Uniti specializes in acquiring and building communications infrastructure, boasting over 125,000 fiber route miles and 7.0 million fiber strand miles nationwide as of March 31, 2021. The company is a prominent player in providing wireless infrastructure solutions, positioning itself as an essential provider in the communications industry.
LITTLE ROCK, Ark., July 28, 2021 (GLOBE NEWSWIRE) -- Uniti Group announced that CEO Kenny Gunderman and Interim CFO Paul Bullington will present at the Cowen 7th Annual Communications Infrastructure Summit on August 10, 2021, at 9:30 AM MT / 11:30 AM ET in Boulder, CO. A live webcast will be accessible on Uniti's website under the Investors tab and available for replay afterward. Uniti is a real estate investment trust specializing in communication infrastructure, owning over 125,000 fiber route miles and approximately 7 million fiber strand miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) will report its Q2 2021 financial results on August 5, 2021, after market close. A conference call to discuss these results is scheduled for the same day at 4:15 PM ET, with a dial-in number of (844) 513-7153 and an international option at (508) 637-5603. The call will be webcast live and available for replay after 8:00 PM ET on the company’s website. Uniti is a REIT specializing in the acquisition and construction of communications infrastructure, owning over 125,000 fiber route miles as of March 31, 2021.
Uniti Group announced that CEO Kenny Gunderman will participate in the Nareit 2021 REITweek Investor Conference on June 8, 2021, at 11:00 AM ET. The presentation will be accessible via a live webcast on Uniti's website under the Investors tab, with a replay available later for a limited time. Uniti is a real estate investment trust specializing in mission-critical communications infrastructure.
As of March 31, 2021, it owns over 125,000 fiber route miles and approximately 7 million fiber strand miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) has finalized a strategic transaction with Everstream Solutions, initially announced on November 9, 2020. This transaction includes two 20-year IRU lease agreements related to Uniti-owned fiber and the sale of a portion of Uniti Fiber's Northeast operations, alongside specific dark fiber IRU customer contracts linked to the Windstream settlement. Uniti received approximately $135 million in upfront cash and will earn about $3 million annually over the lease term, subject to a 2% annual increase.
Uniti Group (Nasdaq: UNIT) has announced that its Senior Vice President of Sales, Joe McCourt, and Vice President of Finance and Investor Relations, Bill DiTullio, will participate in the Cowen 49th Annual Technology, Media & Telecom Conference. The presentation is set for June 2, 2021, at 11:10 AM ET. A live webcast can be accessed on Uniti's website under the Investors tab, with a replay available for a limited time. As of March 31, 2021, Uniti owns over 125,000 fiber route miles and approximately 7.0 million fiber strand miles across the U.S.
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