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Uniti Wholesale Accelerates 2026 Expansion; FastWaves™ Delivers 100G/400G in Days, Not Months
Globenewswire· 2026-02-18 14:30
LITTLE ROCK, Ark., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Uniti Wholesale today announced accelerated progress on its 2026 expansion plan, including new data center on-ramps, key route upgrades, and the launch of FastWaves™—a pre-deployed optical capacity program designed to cut delivery intervals for 100G and 400G wavelength services to less than three weeks on select routes. These initiatives expand the company’s reach to critical U.S. data centers while pairing faster turn-ups with market-aligned pricing and ...
Vongvanith Named Kinetic’s First Chief Customer Officer; Brings Customer Voice to Senior Leadership
Globenewswire· 2026-02-17 13:00
Stacie Vongvanith Stacie Vongvanith is Kinetic's new Chief Customer Officer. LITTLE ROCK, Ark., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Kinetic, a leader in residential and business fiber internet, has elevated the customer voice with the creation of its new chief customer officer role. The position, which is the first of its kind at Kinetic, underscores the company’s customer-obsessed approach and commitment to delivering better technology, service, value and experience for customers. Industry leader Stacie ...
Women We Admire Announces Top 50 Women Leaders of Jacksonville for 2026
PRWEB· 2026-02-12 16:30
Core Insights - Women We Admire has announced The Top 50 Women Leaders of Jacksonville for 2026, highlighting the significant roles these leaders play in managing organizations within a major U.S. city [1] Group 1: Recognized Leaders - Alexandra Geist, Account Director at Salesforce, has over 20 years of experience in technology sales, focusing on aligning technology strategies with financial goals and fostering long-term client relationships [2] - Diana Sorfleet, Chief Administrative Officer at CSX, is recognized for her strategic role in business transformation and her leadership during the pandemic response, including the implementation of a social justice action plan [3] - Jennifer Raines, Director of Product Development Engineering at Medtronic, has over 20 years in the medical device industry, known for her leadership in R&D and fostering a patient-first culture [4] Group 2: Additional Honorees - The list of honorees includes notable leaders such as Sarah Sanders (Baptist Health), Ellyn Raftery (FIS), and many others, showcasing a diverse range of industries and expertise [6] Group 3: Organization Overview - Women We Admire aims to recognize and inspire women leaders across various fields, circulating content to over 110,000 individuals and businesses [7]
Uniti Group (UNIT) Climbs 10.6% on Successful $960-Million Fundraising
Yahoo Finance· 2026-01-31 04:16
Core Viewpoint - Uniti Group Inc. has experienced significant stock performance, with a 10.64% increase to close at $8.32, driven by positive investor sentiment following the successful raising of $960 million through secured fiber network revenue term notes [1]. Group 1: Fundraising and Financial Strategy - Uniti Group raised $960 million through the issuance of secured fiber network revenue term notes, which are backed by residential fiber network assets and customer agreements in multiple states including Arkansas, Georgia, Kentucky, Ohio, and Texas [2]. - The proceeds from the fundraising will be allocated for general corporate purposes, including capital expenditures and repayment of outstanding debts [3]. - Additionally, Uniti's subsidiary, Kinetic, has established a $150 million variable funding note facility to enhance liquidity reserves and address potential payment shortfalls [3]. Group 2: Management Commentary - CFO Paul Bullington expressed enthusiasm about the successful completion of the inaugural fiber-to-the-home securitization, highlighting unprecedented investor demand and the transaction's role in funding fiber buildouts and strengthening the company's balance sheet at an attractive cost [4]. Group 3: Upcoming Financial Reporting - Uniti Group is scheduled to release its earnings results for the fourth quarter and full-year 2025 on March 2, 2026, before the market opens [5].
Uniti Group Inc. Completes Inaugural Kinetic Fiber Securitization Notes Offering
Globenewswire· 2026-01-30 21:15
Core Viewpoint - Uniti Group Inc. has successfully completed its inaugural offering of $960,100,000 in secured fiber network revenue term notes, aimed at funding fiber buildouts and strengthening its balance sheet [1][5]. Group 1: Offering Details - The offering consists of $960,100,000 aggregate principal amount of secured fiber network revenue term notes with an anticipated repayment date in February 2031 [1]. - The notes are secured by residential fiber network assets and related customer agreements in Arkansas, Georgia, Kentucky, Ohio, and Texas [1]. - A $150,000,000 variable funding note facility has been established, which includes a delayed commitment availability feature [2]. Group 2: Use of Proceeds - The net proceeds from the notes will be utilized for general corporate purposes, including potential capital expenditures and repayment of outstanding debt [3]. Group 3: Company Overview - Uniti is a leading fiber provider focused on delivering critical connectivity across the United States, serving over a million consumers and businesses [7].
Uniti Group Inc. To Report Fourth Quarter and Full Year 2025 Financial Results and Host Conference Call
Globenewswire· 2026-01-26 21:15
Core Viewpoint - Uniti Group Inc. will report its fourth quarter and full year 2025 financial results on March 2, 2026, before the market opens [1] Group 1: Financial Reporting - The financial results will be discussed in a conference call scheduled for the same day at 8:30 AM Eastern Time [1] - The conference call will be available via live webcast on Uniti's Investor Relations website [2] - A replay of the conference call will also be accessible on the Investor Relations website [2] Group 2: Company Overview - Uniti is a leading fiber provider focused on delivering mission-critical connectivity across the United States [3] - The company serves over a million consumers and businesses, offering a wide range of fast and reliable communication services [3] - Uniti's services are provided through various brands, including Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions [3]
HONEYWELL ANNOUNCES CFO, BUSINESS UNIT LEADERS FOR HONEYWELL AEROSPACE
Prnewswire· 2026-01-22 21:00
Core Viewpoint - Honeywell Aerospace is set to become an independent, publicly traded company in the second half of 2026, with a projected sales figure exceeding $15 billion for 2024, positioning it as one of the largest pure-play aerospace suppliers globally [5][6]. Leadership Appointments - Josh Jepsen will assume the role of Chief Financial Officer of Honeywell Aerospace starting February 23, 2026, bringing extensive experience from his previous position at Deere & Company [1]. - Bob Buddecke has been appointed President and Chief Executive Officer of Electronic Solutions, leveraging over 27 years of experience at Honeywell [2]. - Dave Marinick will take on the role of President and Chief Executive Officer of Engines & Power Systems, with a background of more than 37 years at Honeywell [3]. - Rich DeGraff will serve as President and Chief Executive Officer of Control Systems, contributing over 17 years of experience at Honeywell [4]. Strategic Focus - The leadership team will report to Jim Currier, who has been designated as the President and CEO of Honeywell Aerospace, aiming to sharpen strategic focus and align leadership with core technology platforms [4][6]. - The spin-off is expected to enhance Honeywell Aerospace's ability to capitalize on long-term growth trends in the aerospace and defense industry [5]. Business Units Overview - Honeywell Aerospace will consist of three main business units: - Electronic Solutions (ES), which provides integrated avionics, navigation, sensors, and space solutions [7]. - Engines & Power Systems (E&PS), focusing on propulsion systems and electric power solutions [7]. - Control Systems (CS), delivering mission-critical thermal and motion control systems for various aircraft [7]. Spin-off Details - The spin-off of Honeywell Aerospace is on track for completion in the second half of 2026, contingent upon customary conditions including regulatory approvals [6][8].
Uniti Group Inc. Announces Pricing of $960.1 Million Kinetic Fiber Securitization Notes Offering
Globenewswire· 2026-01-15 22:30
Core Viewpoint - Uniti Group Inc. has announced the pricing of a $960.1 million offering of secured fiber network revenue term notes, which will be used for general corporate purposes, including capital expenditures and debt repayment [1][3] Group 1: Offering Details - The offering consists of three classes of term notes: $677.71 million of 5.219% Series 2026-1 Class A-2 notes, $112.96 million of 5.561% Series 2026-1 Class B notes, and $169.43 million of 7.653% Series 2026-1 Class C notes, with a weighted average coupon rate of approximately 5.689% [1] - The notes are expected to be secured by residential fiber network assets and related customer agreements in Arkansas, Georgia, Kentucky, Ohio, and Texas [1] - The offering is anticipated to close on January 30, 2026 [1] Group 2: Additional Financing - In connection with the closing of the notes offering, the Issuer plans to enter into a $150 million variable funding note facility, subject to leverage tests and other customary conditions [2] - A liquidity funding note facility is also expected to be established to support the transaction's liquidity reserve and cover specified payment shortfalls [2] Group 3: Company Overview - Uniti is a premier fiber provider focused on enabling critical connectivity across the United States, serving over a million consumers and businesses [6]
Uniti Group price target raised to $7 from $6 at Barclays
Yahoo Finance· 2026-01-14 14:16
Group 1 - Barclays raised the price target on Uniti Group (UNIT) to $7 from $6 while maintaining an Equal Weight rating on the shares [1] - The firm adjusted ratings and targets within the real estate investment trust (REIT) sector as part of its 2026 outlook [1] - Barclays sees the most upside in apartments, storage, and single-family rentals for 2026, while being least positive on cold storage and retail [1] Group 2 - Barclays remains Neutral on REITs overall for 2026 [1]
Uniti Wholesale Adds 1,100 Miles to Its South-Central U.S. Fiber Network to Meet AI Demand
Globenewswire· 2026-01-13 14:00
Core Insights - Uniti Wholesale has announced a significant expansion of its dark fiber network in the South-Central United States, supported by a 20-year customer contract valued at over $500 million [1][2] - The expansion will add 1,100 route miles of ultra high-capacity fiber and enhance over 20 colocation sites, facilitating connections between Tier-1 markets and emerging AI hubs [1][4] Infrastructure Expansion - The initiative aims to address the increasing demand for low-latency, scalable infrastructure as AI applications transition to real-world deployment [2][4] - The first phase includes a 337-mile fiber build from Tulsa to Little Rock and a 145-mile route connecting Little Rock to Memphis, with further phases planned throughout 2026 and 2027 [3][4] Strategic Focus - The expansion is designed to provide massive scalable capacity and resilient performance for hyperscalers and AI innovators, positioning Uniti as a key infrastructure partner [2][4] - The company emphasizes its commitment to delivering innovative and reliable solutions to meet the evolving needs of its customers in the fiber industry [4][5] Capacity and Connectivity - The addition of 1,100 route miles will support multi-terabit growth and future-proof network expansion [7] - New routes will connect Dallas to rapidly growing AI data center markets, enhancing connectivity across multiple locations including Memphis, Little Rock, and Amarillo [7]