| Market Capitalization (Millions $) |
2,564 |
| Shares
Outstanding (Millions) |
252 |
| Employees |
813 |
| Revenues (TTM) (Millions $) |
2,928 |
| Net Income (TTM) (Millions $) |
1,222 |
| Cash Flow (TTM) (Millions $) |
1,002 |
| Capital Exp. (TTM) (Millions $) |
929 |
Business Description
Uniti Group Inc. is a real estate investment trust (REIT) that specializes in the acquisition and construction of wireless communication infrastructure across the United States. The Company operates in two business segments: Leasing and Fiber. The leasing segment includes the leasing of space on wireless communication towers to various wireless service providers or carriers. The fiber segment is involved in providing metro and long-haul optical network transport solutions to customers across the region.
Uniti Group Inc. was spun off from Windstream Holdings, Inc. in 2015, and since then, it has been a public company traded on the NASDAQ stock exchange under the ticker symbol UNIT. Over the years, the company has acquired several companies within the telecommunication infrastructure sector, including Southern Light, Tower Cloud, and Hunt Telecom.
The company's leasing segment provides cell tower sites for wireless carriers such as AT&T, Verizon, and T-Mobile. The company owns and operates over6 million fiber strand miles and over 10,000 communications towers across 49 states in the United States, and Puerto Rico.
In addition, Uniti's fiber segment provides wholesale data transport services to customers in Tier II and Tier III markets, which include municipalities, schools, hospitals, and other businesses. The company's network solutions include dark fiber, wavelength, Ethernet, and Internet Protocol services.
Uniti's growth strategy is to acquire additional telecommunication infrastructure properties such as fiber and cell towers. Also, the company has plans to expand its footprint into new markets continually. The company's well-established customer base, high-quality assets, and experienced management team make it well-positioned to value-creating opportunities in the ever-evolving telecommunications infrastructure sector.
In conclusion, Uniti Group Inc. is a successful and growing REIT that specializes in providing wireless communication infrastructure solutions to customers across the United States. The company's innovative approach, quality assets, and an experienced management team are expected to drive strong shareholder returns for years to come.
Company Address: 2101 Riverfront Drive, Suite A Little Rock 72202 AR
Company Phone Number: 850-0820 Stock Exchange / Ticker: NASDAQ UNIT
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