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 Company acquired 32,000 fiber strand miles located in California, which will be leased back to TPx on a triple net basis. The Company previously closed the first tranche of the non-California assets on May 1, 2018. Total consideration for the second tranche was $70 million.

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