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…
Uniti
Windstream and Uniti Appear To Be On a Crash Course Over Network Asset Lease
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…
Windstream Chooses Bankruptcy Filing Over Appeal of Negative Decision Involving Uniti Group Spinoff
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,…
Uniti Group Inc. Agrees to Sale of Latin America Tower Portfolio
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…
Aurelius Decision Could Trigger a Windstream Bankruptcy, With Implications for Uniti Too
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 Gains Another Sale Leaseback Deal with Macquarie, Bluebird Network
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…
Zayo Plans to Split Into Two Separate Companies, Eyes Zayo REIT
Zayo Group’s plan to split into two companies, announced yesterday, is driven in part by the desire to simplify the process of converting one of the companies into a telecom real estate investment trust (REIT) if the Internal Revenue Service…
Latest Uniti Group Acquisitions Include Another Educational Provider, Another Fiber Provider
The Uniti Group acquisitions strategy continues with the company’s purchase in October of Information Transport Solutions (ITS), a provider of connectivity services with an emphasis on educational clients. Uniti Group also said today that it plans to acquire fiber provider…
Uniti Group Inc. Completes Sale-Leaseback and Fiber Acquisition with CableSouth Media, LLC
LITTLE ROCK, Ark., Oct. 09, 2018 (GLOBE NEWSWIRE) — Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today the closing of its previously announced sale-leaseback and fiber acquisition with CableSouth Media, LLC (“CableSouth”). At closing, the Company acquired approximately 43,000 fiber…
Uniti Sale Leaseback Gains Some Momentum with TelePacific Deal Closure
Uniti Group’s sale leaseback approach gained some momentum, as news this week about the closing of a Uniti sale leaseback deal with competitive carrier TelePacific illustrates. Uniti acquired 32,000 fiber strand miles in California, which will be leased back to…
Uniti Group Inc. Completes Sale-Leaseback and Fiber Acquisition with U.S. TelePacific Holdings Corp.
LITTLE ROCK, Ark., Sept. 19, 2018 (GLOBE NEWSWIRE) — Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today the closing of the second tranche of its previously announced sale-leaseback and fiber acquisition with U.S. TelePacific Holdings Corp. (“TPx”). At closing, the…
CFO: Anchor Tenant Fiber Builds Yield Strong Growth for Uniti Group
Uniti Group, the telecom real estate investment trust (REIT) spun out from Windstream several years ago, has been doing a lot of targeted fiber builds since the spin-off. At an investor conference today, Windstream CFO, Executive Vice President and Treasurer…
