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. reports developments tied to its fiber communications business, including Kinetic residential broadband expansion, multi-gigabit internet services, whole-home Wi-Fi, internet security, voice offerings, and enterprise and wholesale connectivity. The company operates through brands that include Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions, serving consumers and businesses across U.S. markets.
Recurring Uniti news also covers broadband builds in state and local markets, service bundles such as Kinetic fiber internet with streaming television options, investor conference participation, operating and financial results, customer contract activity, and debt financing or refinancing actions affecting the company’s capital structure.
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.
LITTLE ROCK, Ark., May 20, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (Nasdaq: UNIT) has announced its participation in several investor conferences. Kenny Gunderman, President and CEO, will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 2:45 PM ET. Mike Friloux, CTO, will speak at the RBC Capital Markets 2021 Global Datacenter, Cloud and Broadband Infrastructure Conference on May 25, 2021, at 9:20 AM ET. Ron Mudry, CRO, is scheduled to present at the Barclays 2021 High Yield Bond & Syndicated Loan Conference on May 26, 2021, at 3:00 PM ET. Live webcasts of the events will be available on Uniti's website.
Uniti Group Inc. (Nasdaq: UNIT) announced the immediate leave of absence of its Chief Financial Officer, Mark Wallace, due to health reasons. The Board of Directors appointed Paul Bullington as interim CFO. Bullington brings over 20 years of experience in fiber and communications infrastructure, having previously served as CFO of Southern Light before its acquisition by Uniti in 2017. The CEO conveyed confidence in Bullington's leadership as the company continues to pursue its strategic priorities.
Uniti Group reported Q1 2021 revenues of $272.6 million, with a net loss of $0.02 per diluted share. The company achieved AFFO of $0.41 per diluted share, up 7% year-over-year. Uniti Fiber contributed $77.7 million in revenues, while Uniti Leasing generated $194.9 million. The refinancing efforts included the issuance of $570 million in Senior Secured Notes due 2028, expected to save $25 million in cash interest annually. Liquidity stands at $522.5 million with no significant debt maturities until 2024, supporting the company's strong outlook for continued growth.
Uniti Group Inc. (UNIT) declared a quarterly cash dividend of $0.15 per share, set to be paid on July 2, 2021, to shareholders on record as of June 18, 2021. This decision highlights Uniti's commitment to returning value to its investors while maintaining its position as a leading provider of mission-critical communications infrastructure.
As of December 31, 2020, Uniti boasts over 123,000 fiber route miles and 6.9 million fiber strand miles across the United States.
Uniti Group Inc. (Nasdaq: UNIT) will release its first quarter 2021 financial results on May 6, 2021, after market closure. A conference call is scheduled for the same day at 4:15 PM ET to discuss the earnings. Investors can access the call at (800) 708-4540, with an international option available. As of December 31, 2020, Uniti boasts over 123,000 fiber route miles and approximately 6.9 million fiber strand miles across the U.S., solidifying its position as a leader in communications infrastructure.
Uniti Group Inc. (Nasdaq: UNIT) has priced an offering of $570 million in 4.75% senior secured notes due 2028. The notes will be issued at an issue price of 100.00%, guaranteed on a senior unsecured basis by the Company and on a senior secured basis by its subsidiaries. The proceeds will fund the redemption of the 6.00% senior secured notes due 2023. The offering is set to close on April 20, 2021, with certain conditions in place regarding its completion.
Uniti Group Inc. has announced a $570 million offering of new senior secured notes due 2028 to fund the redemption of its 6.00% senior secured notes due 2023. The redemption notice is contingent upon completing debt financings of at least $570 million. The new notes will be secured by first-priority liens on the assets of the Issuers and subsidiary guarantors. This offering is aimed at enhancing financial flexibility and is targeted primarily at institutional investors.
Uniti Group Inc. (Nasdaq: UNIT) has released its inaugural Environmental, Social and Governance (ESG) Report, detailing its ESG policies and accomplishments for 2020. CEO Kenny Gunderman emphasized the company's commitment to sustainable and responsible operations while enhancing value for stakeholders. The report is accessible on Uniti's investor relations website, providing insights into its strategic initiatives in communications infrastructure.