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 strand miles located in Arkansas, Louisiana, and Mississippi, of which 34,000 fiber strand miles will be leased back to CableSouth on a triple net basis. Uniti will have exclusive use of 9,000 fiber strand miles, which are adjacent to Uniti Fiber’s southern network footprint. Total consideration was $31 million.

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