Uniti Announces Long-Haul Dark Fiber Agreement with Global Internet Provider
July 25 2023 - 8:00AM
Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it
has signed a long-term contract with a prominent global internet
provider, offering long-haul dark fiber connectivity across two key
U.S. routes that connects 12 cities across the Midwest and the
Southeast, and encompasses over 7,000 fiber strand miles.
The Midwest path spans from Indianapolis, IN to
Chicago, IL, then east to Ashburn, VA, with drops in Toledo, OH,
Cleveland, OH, and Pittsburgh, PA, forming a crucial backbone
connecting major metropolitan areas in the region. This route also
features a critical segment from Toledo, OH to Detroit, MI. The
Southeast route establishes a seamless network corridor from New
Orleans, LA to Mobile, AL, then up to Montgomery, AL. Each of these
fiber routes bolsters the network infrastructure, improves
diversity and enables advanced network capabilities for our
customer.
In addition, Uniti will add a new presence in a
data center located in Detroit, MI, and establish a new Point of
Presence (POP) in Cleveland, OH, creating enhanced connectivity
solutions for its customers. Uniti will also build five new In-Line
Amplifier (ILA) shelters, allowing customers to lease space and
power to regenerate their optical signal, ensuring the highest
levels of network performance.
"This latest dark fiber deal marks a significant
milestone in our partnership with this valued customer and
reinforces our shared commitment to delivering top-tier
connectivity services," said President of Wholesale and Strategic
Accounts, Greg Ortyl. "Uniti continues to solve our wholesale
customers’ toughest network challenges with customized solutions
leveraging our broad product portfolio, including Ethernet,
Wavelengths, Internet and Dark Fiber.”
With a total contract value of approximately $35
million, this agreement underscores Uniti’s commitment to
delivering high-quality, scalable and secure networking solutions,
while driving long-term recurring revenue over its national fiber
network of 137,000 route miles.
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 March 31, 2023 Uniti owns
approximately 137,000 fiber route miles, 8.3 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, 727-421-0388Senior Vice President, 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, Investor Relations
& Treasurybill.ditullio@uniti.com
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