Uniti Group Inc (Delaware) (UNIT) News & EventsUNITUniti Group Inc (Delaware)

Uniti Fiber Partners with New Orleans Saints

Uniti Fiber and the New Orleans Saints announced a partnership to provide scalable, high-capacity fiber connectivity supporting critical business operations, venue systems and connected experiences across the Saints organization, including periods of elevated demand. As sports and entertainment venues increasingly depend on reliable, high-capacity networks to power everything from gameday operations to business applications, Uniti Fiber will help support connectivity across Caesars Superdome and other Saints facilities. The relationship is designed to strengthen operational resilience, improve continuity for critical systems and enable the connected experiences fans, employees, partners and guests expect on gameday and throughout the year.

Kinetic Signs Strategic Partnership with STL Optical Connectivity

Kinetic announced its strategic partnership with STL Optical Connectivity. The partnership strengthens Kinetic's access to international supply chain resources, innovative fiber deployment technology, and a proven global innovation partner to support the company's U.S. fiber build program. The relationship also underscores Kinetic's commitment to continuously enhancing its customer experience. Kinetic is now deploying STL's future ready fiber cable assembly solution, known internally to Kinetic as 'Kinetic QuickConnect', across its footprint to simplify and speed fiber construction, as well as improve build consistency and quality. The solution's connectorized, plug-and-play design combines cable assemblies, enclosures, and cassettes into one system to better support faster, more reliable aerial and buried fiber builds.

Uniti Reports Q2 Revenue of $909.7M, Beating Expectations

Reports Q2 revenue $909.7M, consensus $887.02M. "We had a record-breaking quarter at Uniti on several fronts, highlighted by our highest level of new bookings MRR at Fiber Infrastructure of $2.2 million, an almost 30% increase from the previously highest reported level. Our robust bookings continue to be fueled by the strong demand we are seeing from hyperscalers and neocloud providers for both dark and lit wave solutions. At Kinetic, we saw the most consumer fiber net adds and fiber premises constructed ever on record, reinforcing the significant progress we are making on our fiber-to-the-home build while remaining on track to pass 3.5 million homes with fiber by the end of 2029. With respect to our balance sheet, we continue to be active in the asset securitization market with our recently completed $1.1 billion transaction at Kinetic. To date, we have successfully raised almost $3 billion through asset securitizations. While we expect to continue to be active in this market, we will also take a balanced approach to raising capital through traditional debt markets and/or monetizing non-core assets," commented Kenny Gunderman, President and Chief Executive Officer of Uniti.