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Uniti Group Inc. To Report Second Quarter 2025 Financial Results and Host Conference Call
Globenewswire· 2025-07-15 20:15
LITTLE ROCK, Ark., July 15, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its second quarter 2025 financial results prior to the opening of trading on the Nasdaq Stock Exchange on August 5, 2025. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. The conference call will be webcast live on Uniti’s Investor Relations website at investor.uniti.com. Those parties interested in participating via telephone may re ...
Uniti Group (UNIT) 2024 Earnings Call Presentation
2025-07-08 05:57
Merger Overview - Uniti and Windstream will combine to create a premier fiber provider with approximately $4 billion in revenue and 236,000 fiber route miles across 47 states in the U S[18] - Existing Uniti shareholders will own about 62% and Windstream shareholders will own about 38% of the combined company's common equity[18] - Windstream shareholders will receive $425 million in cash, $575 million of preferred equity, and common shares representing approximately 38% ownership of the combined company[32] Financial Profile - New Uniti's Fiber Core Revenue for YTD 2024 is $1495 million, a 1 1% increase from $1478 million in YTD 2023[23] - New Uniti's Adjusted EBITDA for YTD 2024 is $916 million, a 5 0% increase from $872 million in YTD 2023[23] - The company projects 2028 revenue of $4 1 billion and Adjusted EBITDA of $2 0 billion[27] Synergies and Growth - The merger aims for up to $100 million in annual operating expense synergies and $20-30 million in annual capital expenditure synergies[52] - Kinetic has upgraded approximately 1 6 million households to Next-gen FTTH[42] - Kinetic's cost per passing is approximately $650[42]
Uniti Group (UNIT) FY Earnings Call Presentation
2025-07-08 05:57
Forward-Looking Statements Certain statements in this communication may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements of fact, including, without limitation, statements regarding the anticipated closing of the merger of Uniti and Windstream (the "Merger") and the future performance of Uniti, Windstream and the combined co ...
Uniti Group Inc. Announces Pricing of Senior Notes Offering
GlobeNewswire· 2025-06-10 01:30
Group 1 - Uniti Group Inc. announced the pricing of $600 million aggregate principal amount of 8.625% Senior Unsecured Notes due 2032, with an issue price of 100.000% [1] - The net proceeds from the offering will be used to fund the partial redemption of $500 million aggregate principal amount of outstanding 10.50% senior notes due 2028, with the redemption expected to occur on June 24, 2025 [2] - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers [3] Group 2 - Uniti is an internally managed real estate investment trust engaged in the acquisition and construction of mission-critical communications infrastructure, owning approximately 147,000 fiber route miles and 8.8 million fiber strand miles as of March 31, 2025 [5]
Uniti Group Inc. Announces Private Offering of Senior Notes
Globenewswire· 2025-06-09 12:15
Core Viewpoint - Uniti Group Inc. is initiating an offering of $600 million in senior notes due 2032 to fund the partial redemption of $500 million of its outstanding 10.50% senior notes due 2028, with the redemption scheduled for June 24, 2025 [1][2]. Group 1: Offering Details - The offering of the senior notes is subject to market and other conditions, and will be guaranteed on a senior unsecured basis by the Company and its subsidiaries [1]. - The net proceeds from the notes will be used primarily for the partial redemption of the 2028 secured notes, including related premiums, fees, and expenses [2]. - The redemption of the 2028 secured notes is contingent upon the completion of debt financings totaling at least $550 million [2]. Group 2: Company Overview - Uniti is an internally managed real estate investment trust (REIT) focused on acquiring and constructing critical communications infrastructure, providing fiber and wireless solutions [5]. - As of March 31, 2025, Uniti owns approximately 147,000 fiber route miles and 8.8 million fiber strand miles across the United States [5].
Uniti Group (UNIT) 2025 Conference Transcript
2025-06-04 13:02
Uniti Group (UNIT) 2025 Conference June 04, 2025 08:00 AM ET Speaker0 Alright. Let's get started. Good morning. Welcome to the Wednesday morning session of NAREIT REIT week twenty twenty five. My name is Greg Williams. I cover cable, wireless and telco as well as fiber at TD Cowen. I'm joined in this session by the President and CEO of Unity, Kenny Gunderman. Kenny, thanks for joining us. Speaker1 Greg, good morning. It's good to be here. Speaker0 Maybe we could just start with finishing off the quarter in ...
Uniti Group Inc. to Present at the Nareit 2025 REITweek Investor Conference
Globenewswire· 2025-05-28 20:15
LITTLE ROCK, Ark., May 28, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present at the Nareit 2025 REITweek Investor Conference. The presentation is scheduled for 8:00 AM EDT on June 4, 2025 in New York, NY. You may access a live webcast of the event on Uniti’s Investor Relations website at investor.uniti.com. The webcast will be available for replay for a limited time following the present ...
Uniti(UNIT) - 2025 FY - Earnings Call Transcript
2025-05-28 14:40
Financial Data and Key Metrics Changes - The company reported strong demand and reiterated guidance for the combined company, indicating that the fundamentals of the business are strong despite perceived misguidance [6][8] - The total addressable market (TAM) for hyperscalers in the fiber industry has grown from de minimis to an estimated $15 billion, with projections to reach close to $50 billion in the coming years [16][17] - Hyperscalers currently represent less than 5% of revenue and EBITDA, but this is expected to change significantly as economic benefits from deals materialize [17][18] Business Line Data and Key Metrics Changes - The company has seen a significant increase in the number of generative AI deals in its funnel, growing from less than five to close to 100, now representing about 20% of the funnel [24][25] - The company maintains incredibly low churn rates, which supports mid-single-digit top-line growth even with steady bookings [21][22] - Fiber to the home providers have become the largest customer segment, with backhaul representing 10-20% of the cost of providing fiber to the home [48][49] Market Data and Key Metrics Changes - Wireless carriers have shown signs of growth in 2025 after a decline in 2024, with network infilling and backhaul purchases expected to increase [45][46] - The company is diversifying its customer segments, ensuring no single segment represents more than 20% of revenue or bookings [44] Company Strategy and Development Direction - The company is focused on building a robust edge network to support the growing demand for inference models in AI, which is expected to drive future growth [27][37] - The merger with Windstream is seen as a strategic move to consolidate fiber to the home business and maximize fiber penetration [73][78] - The company is prioritizing capital allocation towards fiber infrastructure over M&A opportunities, although it remains open to bolt-on acquisitions and joint ventures [60][62] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the technical noise around the stock but emphasizes strong underlying business trends and demand, particularly in generative AI and hyperscaler markets [5][8] - The company is optimistic about the future, expecting to see significant growth in bookings and recurring revenue as it transitions from bespoke deals to more standardized offerings [18][19] - Management believes that the integration of AI into their operations will enhance efficiency and customer service post-merger with Windstream [55][56] Other Important Information - The company is not experiencing challenges in service delivery or meeting demand, maintaining discipline in its building strategy [40][41] - The company is actively exploring joint ventures to enhance its capabilities and capitalize on market opportunities [62][65] Q&A Session Summary Question: What are the expectations regarding the stock price and market perception? - Management noted that the stock price fluctuations are largely due to technical factors and misperceptions, but the fundamentals remain strong [5][6] Question: How is the company addressing the demand for generative AI? - The company has seen a significant increase in generative AI deals and expects this segment to grow, representing a substantial portion of the future funnel [24][25] Question: What is the outlook for the wireless segment? - Management indicated that there are early signs of growth in the wireless segment, particularly in network infilling and backhaul purchases [45][46] Question: How does the company view M&A opportunities? - While M&A is always a consideration, the company currently sees the best returns from investing in fiber infrastructure rather than pursuing acquisitions [60][62] Question: What are the next steps post-merger with Windstream? - The focus will be on integrating Kinetic and maximizing fiber coverage, with plans to reach 3.5 million homes by 2029 [76][78]
Uniti(UNIT) - 2025 FY - Earnings Call Presentation
2025-05-28 14:39
TD Cowen 53rd Annual Technology, Media & Telecom Conference May 28, 2025 Together, Building the Future Safe Harbor Statement Forward-Looking Statements Certain statements in this communication may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements of fact, including, without limitation, statements regarding the anticipated clo ...
Uniti Group Inc. to Participate at the Goldman Sachs 10th Annual Leveraged Finance and Credit Conference
Globenewswire· 2025-05-22 20:15
LITTLE ROCK, Ark., May 22, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, and Senior Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to participate at the Goldman Sachs 10th Annual Leveraged Finance and Credit Conference on May 29, 2025 in Dana Point, CA. Any investor materials will be made available on Uniti’s Investor Relations website at investor.uniti.co ...