Uniti's Strategic Network Densification Generates New Enterprise and Wholesale Opportunities
04/11/2023 - 08:00 AM
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 Accountsgreg.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 & Treasurerpaul.bullington@uniti.com
Bill DiTullio, 501-850-0872 Vice President, Investor Relations & Treasurybill.ditullio@uniti.com
UNIT Rankings
#4568 Ranked by Stock Gains
UNIT Stock Data
Industry
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Sector
Real Estate and Rental and Leasing
Tags
Other Commercial and Industrial Machinery and Equipment Rental and Leasing , Finance, Real Estate Investment Trusts, Real Estate and Rental and Leasing
Country
US
City
Little Rock
About UNIT
cs&l (nasdaq: csal), an s&p 400 midcap index company headquartered in little rock, ark., is a publicly traded real estate investment trust primarily engaged in the acquisition of communication distribution systems. cs&l currently owns 3.6 million strand miles of fiber, 235,000 route miles of copper and central office land and buildings across 29 states. as a strategic financing partner to the telecommunications industry, cs&l continually evaluates challenges and trends impacting the industry, and opportunities to grow and diversify its portfolio by acquiring additional communication distribution systems. as a real estate investment trust (reit), cs&l intends to grow and diversify its portfolio over time, primarily in three ways: 1. acquiring and leasing communications assets that qualify as real property. 2. financing fiber for existing and new customers. 3. acting as financing partner to facilitate m&a. cs&l also expects to benefit from rent escalations related to our existin