Everstream will expand its fiber network into Pennsylvania and will acquire existing Uniti customers in an agreement the two companies announced today. The Everstream Uniti deal calls for Everstream to add more than 5,600 route miles to its network. The…
Uniti said yesterday that it will begin offering nationwide dark fiber services on 2.2 million fiber strand miles miles spanning 35 states in Tier I, II and III markets. The company said it has “full ownership and use of this…
The U.S Bankruptcy Court for the Southern District of New York today approved a Windstream bankruptcy exit reorganization plan. With the restructuring plan approved, the company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection…
Uniti and Windstream have reached an agreement in principle that would settle litigation between the two companies related to Windstream’s spinoff of certain network assets to Uniti and Windstream’s bankruptcy filing. The settlement is subject to negotiation and certain regulatory…
Several years ago, Windstream and Uniti embarked on a bold new approach for broadband networks that transferred certain Windstream network assets to a REIT. That plan is now in total disarray, having been a key factor in Windstream’s bankruptcy. Now,…
The Bluebird Network says that its acquisition by Macquarie Infrastructure Partners, a large infrastructure fund, has closed. Bluebird will gain a 2,500 fiber route mile extension to its networks in Illinois. The expansion includes Rockford, Peoria, Bloomington, Normal and the…
The CEOs of both Windstream and Uniti Group said yesterday that they hope a suit that Windstream brought against Uniti will be resolved through mediation before it goes to trial. The suit focuses on the $650 million yearly payments that…
Windstream CEO Tony Thomas addressed the “elephant in the room” head on today during their quarterly earnings conference call, and it doesn’t look good for Uniti. Windstream is now in Chapter 11 bankruptcy, due primarily to their network asset lease…
Just a week after receiving a negative ruling on the Aurelius court decision, Windstream has filed for voluntary reorganization under Chapter 11 of the U.S. bankruptcy code. The bankruptcy option was chosen after reviewing various options, including appealing the decision,…
LITTLE ROCK, Ark., Feb. 19, 2019 (GLOBE NEWSWIRE) — Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it has agreed to sell its Uniti Towers’ business in Latin America to an entity controlled by Phoenix Tower International (“PTI”) for…
A court ruling in favor of Windstream bondholder Aurelius Capital Master Friday could precipitate a Windstream bankruptcy, according to financial experts. The U.S. Southern District Court of New York upheld Aurelius’ argument that Windstream’s 2015 spin-off of copper and fiber…
Uniti Group, the company that operates a telecom real estate investment trust (REIT), is set to gain another sale leaseback customer through a complex deal that also will put Uniti Group’s Midwest fiber business in the hands of Macquarie Infrastructure…
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