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Uniti Group Inc. is a REIT focused on communications infrastructure acquisition and leasing, primarily in fiber optics and data centers.
Uniti Group Inc. is an independent, internally managed Real Estate Investment Trust (REIT) specializing in acquiring, constructing, and leasing vital infrastructure in the communications sector. The company primarily focuses on fiber optic, copper, and coaxial broadband networks along with data centers, managing operations through two reportable segments: Uniti Leasing and Uniti Fiber. As of December 31, 2023, Uniti owns an extensive network infrastructure, holding approximately 140,000 fiber network route miles, and has a diversified revenue stream, heavily reliant on leasing its assets mainly to Windstream.
The company operates in a rapidly growing communications infrastructure industry, capitalizing on the increasing demand for bandwidth driven by devices and applications that require robust connectivity. Uniti’s strategy aims to enhance long-term shareholder value through growth-focused initiatives such as acquisition and leaseback transactions, capitalizing on market demand for bandwidth infrastructure, and partnerships with communication service providers for infrastructure improvements. With a significant portion of its revenues coming from a few key customers, Uniti emphasizes maintaining financial strength and operational stability while exploring opportunities for mergers and acquisitions in the communications sector.
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