Uniti Announces Dark Fiber Sale to Leading Network Infrastructure Provider
January 31 2022 - 8:00AM
Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it
has been selected by a leading network infrastructure provider to
deliver high-capacity dark fiber connectivity to several key
markets across the country. This custom-designed dark fiber
solution provides our customer with better control and performance
of its network and will include eight diverse segments spanning
almost 2,000 route miles of metro and long-haul fiber, while
connecting premier tier 1 and tier 2 markets from the Midwest to
the Mid-Atlantic.
“Uniti has partnered with this long-time customer
in the past, and I’m thrilled to be able to do so again, this time,
on a strategic network project that supports their rapid business
growth and expansion," said Greg Ortyl, President of Wholesale
& Strategic Accounts. "This long-term agreement marks another
significant milestone in Uniti’s recent series of large-scale
customer contracts and is a noteworthy illustration of how our
scalable dark fiber solutions help our customers transform their
businesses, as well as how Uniti continues to leverage its national
fiber footprint for additional lease-up opportunities, further
reinforcing our network growth strategy.”
Aligning with its continued commitment of driving
lease-up on its 126,000 fiber route mile national network, Uniti
will also install five new regional colocation facilities along the
routes as part of this project, allowing for incremental colocation
customers. With twelve new data center connections in those same
Midwest and Mid-Atlantic regions, Uniti will add strategic on-net
locations, providing more diversity and connectivity choices for
its customers.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended from
time to time. Those forward-looking statements include all
statements that are not historical statements of fact.
Words such as "anticipate(s)," "expect(s),"
"intend(s)," “estimate(s),” “foresee(s),” "plan(s)," "believe(s),"
"may," "will," "would," "could," "should," "seek(s)" and similar
expressions, or the negative of these terms, are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and are
subject to a number of risks and uncertainties that could lead to
actual results differing materially from those projected,
forecasted or expected. Although we believe that the assumptions
underlying the forward-looking statements are reasonable, we can
give no assurance that our expectations will be attained. Factors
which could materially alter our expectations include, but are not
limited to, the future prospects of Windstream, our largest
customer; the ability and willingness of our customers to meet
and/or perform their obligations under any contractual arrangements
entered into with us, including master lease arrangements; the
ability of our customers to comply with laws, rules and regulations
in the operation of the assets we lease to them; the ability and
willingness of our customers to renew their leases with us upon
their expiration, and the ability to reposition our properties on
the same or better terms in the event of nonrenewal or in the event
we replace an existing tenant; the adverse impact of litigation
affecting us or our customers; our ability to renew, extend or
obtain contracts with significant customers (including customers of
the businesses we acquire); the availability of and our ability to
identify suitable acquisition opportunities and our ability to
acquire and lease the respective properties on favorable terms; the
risk that we fail to fully realize the potential benefits of
acquisitions or have difficulty integrating acquired companies; our
ability to generate sufficient cash flows to service our
outstanding indebtedness and fund our capital funding commitments;
our ability to access debt and equity capital markets; the impact
on our business or the business of our customers as a result of
credit rating downgrades and fluctuating interest rates; our
ability to retain our key management personnel; our ability to
qualify or maintain our status as a real estate investment trust
(“REIT”); changes in the U.S. tax law and other state, federal or
local laws, whether or not specific to REITs; covenants in our debt
agreements that may limit our operational flexibility; our
expectations regarding the effect of the COVID-19 pandemic on our
results of operations and financial condition; other risks inherent
in the communications industry and in the ownership of
communications distribution systems, including potential liability
relating to environmental matters and illiquidity of real estate
investments; and additional factors described in our reports filed
with the U.S. Securities and Exchange Commission.
Uniti expressly disclaims any obligation to release
publicly any updates or revisions to any of the forward-looking
statements set forth in this press release to reflect any change in
its expectations or any change in events, conditions or
circumstances on which any statement is based.
ABOUT UNITI
Uniti, an internally managed real estate investment
trust, is engaged in the acquisition and construction of mission
critical communications infrastructure and is a leading provider of
fiber and other wireless solutions for the communications industry.
As of September 30, 2021, Uniti owns approximately 126,000 fiber
route miles, 7.5 million fiber strand miles, and other
communications real estate throughout the United States. Additional
information about Uniti can be found on its website at
www.uniti.com.
SALES CONTACTS:
Ron Mudry, 727-421-0388SVP, Chief Revenue
Officerron.mudry@uniti.com
Greg Ortyl, 314-749-2478President, Wholesale &
Strategic Accountsgreg.ortyl@uniti.com
INVESTOR and MEDIA CONTACTS:
Paul Bullington, 251-662-1512Senior Vice President,
Chief Financial Officer &
Treasurerpaul.bullington@uniti.com
Bill DiTullio, 501-850-0872Vice President, Finance
& Investor Relationsbill.ditullio@uniti.com
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