Uniti's Strategic Network Densification Generates New Enterprise and Wholesale Opportunities
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.
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Rhea-AI Summary
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.
Positive
- Expansion into competitive Southeast markets increases Uniti's market presence.
- Supporting local business growth through enhanced connectivity solutions.
- Significant network size at 135,000 route miles and 8 million strand miles.
Negative
- None.
Details
News Market Reaction – UNIT
The recorded move for UNIT in the trading session of this news was +4.13%.
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Strengthens Uniti’s Presence Within Several Key Southeast Metro Markets
LITTLE ROCK, Ark., April 11, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today the continued strategic densification of its best-in-class fiber network within several key Southeastern metro markets, providing advanced connectivity solutions to business communities and greater local access opportunities for wholesale customers.
Uniti’s state-of-the-art network, spanning 135,000 route miles and 8 million strand miles of fiber across the U.S., provides world-class communication solutions to enterprise customers, enabling local business communities to fuel continued growth and economic development. The Company also allows carriers, ISPs, content networks and other wholesale customers to leverage its sizable network to effortlessly expand their reach into desirable markets, while also helping them acquire new customers and better serve existing ones.
The enterprise markets in which Uniti is currently executing its strategic densification plans include Augusta and Columbus, Georgia; Birmingham, Huntsville, Montgomery and Tuscaloosa, Alabama; and Shreveport and Monroe, Louisiana. Each of these existing Uniti metro areas offers a rich concentration of enterprise, medical, financial, government and education customers, making them attractive targets for growth. Uniti plans additional network densification throughout its Southeast footprint in 2023.
“Uniti’s continued strategic network densification, particularly within our Southeast markets where our brand is already solidly established, will create significant advantages for our enterprise and wholesale customers who continue to face an increasingly competitive environment, with growing bandwidth demands, evolving security threats and aging infrastructure. I’m excited that Uniti is providing the solutions that will help organizations within these communities compete more effectively,” said Senior Vice President and Chief Development Officer Cathy De La Garza.
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 December 31, 2022, Uniti owns approximately 135,000 fiber route miles, 8.0 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:
Greg Ortyl, 314-749-2478
President, Wholesale & Strategic Accounts
greg.ortyl@uniti.com
Joe McCourt, 704-996-2958
President, Enterprise Sales
joe.mccourt@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
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