Uniti and Windstream are recombining to leverage synergies and enhance fiber broadband availability in Tier 2 and 3 markets. The new Uniti will preserve the Uniti name and stock symbol, with Windstream and its legacy operations as subsidiaries. Uniti stockholders will receive .6029 shares of the new Uniti stock for each legacy share, holding 62% of the new company. The recombination aims to streamline operations and reduce average fiber deployment costs through existing infrastructure, facilitating better access to financing.
After more than a decade since Windstream spun off its network assets into a real estate investment trust called Uniti, both companies are recombining, focusing on Tier 2 and 3 markets.
The new Uniti will retain its name and stock symbol, with Windstream as a subsidiary, allowing for better fiber broadband expansion within its local service footprint.
Uniti stockholders received .6029 shares of stock in the new Uniti for each share of legacy Uniti stock, giving them approximately 62% of the common stock.
Executives noted a low average fiber deployment cost of $650 per passing due to Uniti’s backhaul network assets and Windstream’s previous fiber deployments, aiding potential financing.
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