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 (Nasdaq: UNIT) announced that its Executive Vice President and CFO, Mark Wallace, along with Vice President of Finance and Investor Relations, Bill DiTullio, will participate in the Bank of America Securities 2020 Media, Communications, and Entertainment Conference. The event is scheduled for 11:40 AM ET on September 10, 2020. A live webcast can be accessed on Uniti's website under the Investors tab, with a replay available for a limited time post-event.
As of June 30, 2020, Uniti owns 6.5 million fiber strand miles and communications real estate across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) reported Q2 2020 revenues of $266.8 million with a net loss of $588.2 million due to a $650 million litigation settlement with Windstream. Adjusted Funds From Operations (AFFO) was $94.0 million, or $0.44 per diluted share. Uniti Fiber’s revenue reached $79.1 million with a 36% EBITDA margin. Uniti is expanding its partnership with Macquarie Infrastructure Partners, selling stakes for $168 million. The company has $378.3 million in cash and declared a dividend of $0.15 per share.
Uniti Group Inc. (Nasdaq: UNIT) has rescheduled its financial results announcement and conference call to August 10, 2020, at 4:15 PM ET to finalize the accounting for its settlement with Windstream. CEO Kenny Gunderman noted strong operational performance across the business despite minimal impacts from COVID-19. The company anticipates Windstream's emergence from bankruptcy this summer, which will activate the settlement agreement.
On August 4, 2020, Uniti Group (Nasdaq: UNIT) announced a quarterly cash dividend of $0.15 per share. The dividend is payable on October 2, 2020, to shareholders on record as of September 18, 2020. Uniti specializes in acquiring and constructing critical communication infrastructures and owns approximately 6.3 million fiber strand miles across the U.S. This announcement reflects the company's commitment to returning value to its shareholders and maintaining consistent income.
LITTLE ROCK, Ark., July 30, 2020 – Uniti Group Inc. (Nasdaq: UNIT) announced its participation in the Cowen 2020 Communications Infrastructure Summit. The presentation is set for 9:20 AM ET on August 12, 2020, featuring CEO Kenny Gunderman and Vice President Bill DiTullio. A live webcast will be available on Uniti’s website under the Investors tab, with a replay accessible shortly after the event.
As of March 31, 2020, Uniti operates 6.3 million fiber strand miles, providing critical communications infrastructure across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) will announce its Q2 2020 financial results on August 6, 2020, after market close. A conference call is scheduled for the same day at 4:15 PM ET to discuss the earnings. Investors can join the call by dialing (844) 513-7153 or (508) 637-5603 for international attendees, using conference ID 8959726. Uniti owns 6.3 million fiber strand miles across the U.S., providing essential wireless infrastructure solutions.
LITTLE ROCK, Ark., June 4, 2020 (GLOBE NEWSWIRE) -- Uniti Group announced that Mark A. Wallace, Executive Vice President and Chief Financial Officer, along with Ron Mudry, Chief Revenue Officer, will participate in the Wells Fargo Securities 2020 Virtual 5G Forum on June 18, 2020. Uniti is a leading provider of wireless infrastructure solutions and an internally managed real estate investment trust. As of March 31, 2020, Uniti owns 6.3 million fiber strand miles across the U.S.
Uniti has successfully completed the sale of 90% of its U.S. tower business to Melody Investment Advisors for approximately $220 million. This strategic move allows Uniti to retain a 10% investment interest in the tower operations. The transaction was facilitated by Goldman Sachs, serving as the exclusive financial advisor to Uniti. As of March 31, 2020, Uniti operates over 6.3 million fiber strand miles across the United States, emphasizing its role in the communications infrastructure sector.
LITTLE ROCK, Ark., May 19, 2020 (GLOBE NEWSWIRE) -- Uniti Group announced that President and CEO Kenny Gunderman, along with CFO Mark A. Wallace, will participate in Nareit’s 2020 REITweek Investor Conference. The presentation is set for 11:20 AM ET on June 2, 2020. Investors can access a live webcast of the event on Uniti’s website under the Investors tab. Uniti is a leading real estate investment trust focused on mission-critical communications infrastructure, owning 6.3 million fiber strand miles and around 700 wireless towers as of March 31, 2020.
Uniti Group announced first quarter 2020 revenues of $266.2 million with a net loss of $80.3 million. The U.S. Bankruptcy Court approved a settlement with Windstream, enhancing Uniti's network value and ensuring rent payments during the settlement period. Uniti modified its tower sale terms to Melody Investment Advisors, increasing cash consideration to $220 million and retaining a 10% stake. The company declared a quarterly dividend of $0.15 per share and updated its 2020 outlook, dependent on Windstream lease compliance.