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New Report Reveals Consumers’ Distrust of Public WiFi, Highlights Need for Secure Business Networks
Globenewswire· 2025-10-16 13:30
Core Insights - A significant concern exists among consumers regarding online safety when using free public WiFi networks, indicating a demand for more secure networks in these locations [1][6][8] Consumer Sentiment - The Kinetic Business Digital Safety & Privacy report revealed that 57% of consumers feel unsafe using public or business WiFi, while only 17% feel safe, with 24% remaining neutral [2][9] - 77% of consumers express concern about their internet safety, with 60% feeling unsafe online due to current economic conditions and the rise of artificial intelligence [7][8] Data Handling Perception - Consumers' sense of safety is closely linked to their perceived control and accountability over their personal data, with trust diminishing when they feel powerless regarding data collection and usage [4][5] - Familiar and regulated entities, such as healthcare and financial institutions, are viewed as safer for handling personal data compared to distant third-party companies [5] Business Implications - The report emphasizes the necessity for businesses to implement secure guest WiFi networks and enhance transparency around data collection practices to build consumer trust [3][6][8] - As two-thirds of consumers (67%) report being more cautious with their personal data, increased customer education and awareness are essential to address public perception [3][6]
Uniti Group Inc. Announces Pricing of $250 Million Fiber Securitization Notes Offering
Globenewswire· 2025-10-09 21:47
Core Viewpoint - Uniti Group Inc. has announced the pricing of a $250 million offering of secured fiber network revenue term notes, bringing its total Asset-Backed Securities (ABS) program issuance to $839 million [1][2]. Group 1: Offering Details - The offering consists of three classes of term notes: $180 million in 5.177% Series 2025-2 Class A-2 notes, $28.2 million in 5.621% Series 2025-2 Class B notes, and $41.8 million in 7.834% Series 2025-2 Class C notes, with a weighted average coupon rate of approximately 5.671% [2][3]. - The notes will be secured by certain fiber network assets and related customer contracts in Alabama, Florida, Georgia, Louisiana, Mississippi, and South Carolina, with an anticipated repayment date in January 2031 [2][3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for general corporate purposes, which may include success-based capital expenditures and/or repayment of outstanding debt [4]. Group 3: Additional Financial Arrangements - In connection with the closing of the offering, the issuers expect to enter into a commitment for a $75 million variable funding note facility with a delayed draw feature, subject to leverage tests and other customary drawing conditions [3].
Uniti Group Inc. to Participate at the Deutsche Bank 33rd Annual Leveraged Finance Conference
Globenewswire· 2025-10-09 20:15
Core Insights - Uniti Group Inc. announced participation in the Deutsche Bank 33rd Annual Leveraged Finance Conference on October 14, 2025, with CFO Paul Bullington and Kinetic President John Harrobin attending [1] Company Overview - Uniti is a premier insurgent fiber provider focused on enabling mission-critical connectivity across the United States, serving over a million consumers and businesses [2] - The company operates under various brands, including Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions [2]
FCP PROVIDES $47.1 MILLION IN CAPITAL FOR 553-UNIT, GROCERY-ANCHORED, LUXURY APARTMENTS IN ARLINGTON, VA
Prnewswire· 2025-10-09 13:16
Core Insights - FCP® has provided $47.1 million in capital for the construction of a mixed-use development featuring 553 luxury apartments and a grocery store in Ballston, Virginia [1][2] - The project, named Mira and Ador, is being developed by Insight Property Group in partnership with PGIM's real estate business [1][2] - The development aims to enhance the residential and retail landscape of Ballston, providing exceptional access to amenities and transportation [2] Financial Details - The total investment for the project includes a preferred equity investment arranged by Berkadia DC Metro and a senior loan arranged by Cushman & Wakefield [3] - FCP has invested over $14.6 billion in gross asset value since its inception in 1999, focusing on both commercial and residential assets [4] Project Specifications - Mira and Ador will consist of two 16-story towers, with 12 units designated as affordable at 80% of AMI [2] - The buildings are designed to meet LEED Gold certification standards and will offer unique amenities tailored to different resident experiences [2] Developer and Partners - Insight Property Group has unlocked over $2.0 billion in investment opportunities since its founding in 2009, focusing on multifamily and mixed-use properties in the D.C. area [5] - PGIM, managing over $1.44 trillion in assets, is the third-largest real estate investment manager globally, with a strong focus on delivering diverse investment strategies [8]
Uniti Group launches $250M fiber network secured notes offering (NASDAQ:UNIT)
Seeking Alpha· 2025-10-06 13:18
Group 1 - The article does not provide any specific content or key points related to a company or industry [1]
Kinetic Completes $3 Million Fiber Internet Expansion in China Grove
Globenewswire· 2025-10-02 13:30
Core Insights - Kinetic has completed a $3 million fiber network expansion project in China Grove, providing multi-gig internet speeds to an additional 3,060 locations [1][2] - The project aims to enhance connectivity, support local economic growth, and improve the quality of life for residents [3][4] Company Commitment - The project was fully funded by Kinetic, highlighting the company's dedication to high-quality connectivity [2] - Kinetic emphasizes its role as a long-term partner in the community, aiming to create digital equity and bridge the digital divide [5] Economic Impact - Communities with fiber internet experience significant benefits, including 213% higher business growth, 10% higher self-employment rates, and a 14-17% increase in home values [4] - The expansion is expected to bolster local businesses, enhance educational opportunities, and improve access to telehealth services [5][9] Service and Customer Engagement - Kinetic is committed to customer satisfaction, actively monitoring service performance and encouraging user feedback for improvements [6] - The company is also hiring in the communities it serves, indicating growth and investment in local employment [6] Community Recognition - China Grove is now recognized as a 'Gig-Ready' community, with over 75% of the town having access to Kinetic's Next Generation Gigabit Internet [3]
Uniti Group Inc. To Report Third Quarter 2025 Financial Results and Host Conference Call
Globenewswire· 2025-09-30 20:15
Core Points - Uniti Group Inc. will report its third quarter 2025 financial results on November 4, 2025, before the market opens [1] - A conference call to discuss the earnings will take place on 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] Company Overview - Uniti is a leading fiber provider in the United States, focused on delivering mission-critical connectivity [3] - The company serves over a million consumers and businesses, offering a range of fast and reliable communication services [3] - Uniti operates under several brands, including Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions [3]
Telecom Veteran David Oliveira Joins Kinetic as Chief Revenue Officer
Globenewswire· 2025-09-30 13:30
Core Insights - Kinetic has appointed David Oliveira as executive vice president and chief revenue officer to enhance its sales and product operations across consumer and business segments [1][2] - Oliveira brings over 20 years of experience in telecom and broadband, previously serving at Frontier Communications and Verizon [2] - Kinetic aims to expand its fiber service area to 3.5 million homes in the coming years, focusing on customer service and trust [3] Company Overview - Kinetic is a business unit of Uniti, providing multi-gigabit fiber internet and related services in 1,400 markets across 18 states in the U.S. [4] - Uniti is dedicated to enabling mission-critical connectivity and serves over a million consumers and businesses through various brands [5]
Kinetic Donates $7,500 to Support Ruidoso Community Beyond Recent Fiber Expansion
Globenewswire· 2025-09-29 14:00
Core Insights - Kinetic has made a total donation of $7,500 to support the Ruidoso community, including $5,000 to the Lincoln County Community Foundation and $2,500 to the Lincoln County Food Bank, emphasizing its commitment to local recovery efforts after recent disasters [1][2][3] Community Support - The donations aim to assist residents and business owners in Ruidoso who are recovering from devastating fires and floods over the past 15 months [1][3] - Kinetic's contributions are recognized by local officials, highlighting the company's role as a partner in the community's resilience and recovery [3] Infrastructure Development - Kinetic has launched a new fiber-optic network in Ruidoso, providing fiber internet to 8,000 locations, which enhances the daily lives of residents and supports their technology needs [4] - Ruidoso is now designated as a 'Gig-Ready' community, with 75% of the town having access to Kinetic's Next Generation Gigabit Internet [4] Company Commitment - Kinetic's leadership emphasizes a long-term commitment to the community, focusing on providing necessary resources and infrastructure to foster resilience and growth [5] - The company operates in 1,400 markets across 18 states, offering multi-gigabit fiber internet and related services, indicating a strong presence in the telecommunications industry [6]
Uniti Group Inc. Announces Pricing of Upsized Senior Notes Offering - Uniti Group (NASDAQ:UNIT)
Benzinga· 2025-09-25 21:25
Core Viewpoint - Uniti Group Inc. announced the pricing of a $1.4 billion offering of 7.50% Senior Secured Notes due 2033, which was upsized by $500 million from the initial offering size of $900 million [2] Group 1: Offering Details - The Notes will be issued at an issue price of 100.00% and will be guaranteed on a senior unsecured basis by Uniti Group Inc. and Uniti Group LLC, as well as on a senior secured basis by the Issuer's subsidiaries [2] - The offering is expected to close on October 6, 2025 [2] Group 2: Use of Proceeds - The net proceeds from the Offering and the borrowings under the 2025 Term Loan will be used to fund the redemption of outstanding 10.50% senior secured notes due 2028, along with related premiums, fees, and expenses [4] - Any remaining proceeds will be allocated for general corporate purposes [4] Group 3: Redemption Conditions - The redemption of the 2028 secured notes is conditioned upon the Issuer receiving at least $2.4 billion in gross proceeds from the offering of the Notes and the 2025 Term Loan [5] - The redemption is scheduled for October 6, 2025, at a price determined by the indenture governing the 2028 secured notes plus any accrued and unpaid interest [5]