Uniti Group Stock

Uniti Group Inc., a real estate investment trust (REIT), engages in the acquisition and construction of infrastructure in the communications industry in the United States. The company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.

Uniti Fiber

The company owns PEG Bandwidth, LLC, a provider of infrastructure solutions, including cell site backhaul and dark fiber for telecommunications carriers and enterprises. As a result of the PEG Bandwidth, LLC acquisition, the company gained a fiber network located in the Northeast/Mid Atlantic, Illinois and South Central regions of the United States. The company owns Tower Cloud, Inc. (Tower Cloud), a provider of data transport services focused on infrastructure solutions to the wireless and enterprise sectors, including fiber-to-the-tower backhaul, small cell networks, and dark fiber deployments in the South East region of the United States.

In August 2016, the company announced the combination of Tower Cloud and PEG Bandwidth, LLC into a unified organization, Uniti Fiber.

Uniti Fiber is a provider of infrastructure solutions, including cell site backhaul and small cell for wireless operators and Ethernet, wavelengths and dark fiber for telecommunications carriers and enterprises. As of December 31, 2016, Uniti Fiber’s network consisted of 605,000 strand miles of fiber, with approximately 200,000 fiber strand miles awarded for deployment for wireless carriers, and approximately 5,450 customer connections

Uniti Towers

The company owns Summit Wireless Infrastructure LLC, which primarily builds, owns and operates telecommunications towers for wireless carriers in Latin America. The company owns 32 wireless towers owned by Windstream and operating rights for 49 wireless towers previously conveyed to it in the Spin-Off and leased back to Windstream in the Master Lease. In November 2016, the company announced the combination of its U.S. and Latin America towers and tower real estate businesses into a unified organization, Uniti Towers.

The company owns Network Management Holdings LTD (NMS). NMS owns and operates 366 wireless communications towers in Latin America with an additional 105 build-to-suit tower sites under development. The NMS portfolio spans 3 Latin American countries with 212 sites in Mexico, 100 in Colombia, and 54 in Nicaragua. With the addition of NMS, the Uniti Towers portfolio consists of 468 wireless communication towers.

Uniti Leasing

Uniti Leasing engages in acquiring mission-critical communications assets, such as fiber, data centers, next-generation consumer broadband, coaxial and upgradeable copper, and leasing them back to anchor customers on either an exclusive or shared-tenant basis.

Talk America Services, LLC (Talk America)

The company conducts the Consumer CLEC Business through Talk America. Talk America provides local telephone, high-speed Internet and long distance service to approximately 37,000 customers principally located in 17 states across the eastern and central United States. All of the network assets used to provide these services to customers are contracted through interconnection agreements with other telecommunications carriers.

Strategy

The key elements of the company’s strategy include diversifying its tenant and asset base; paying a consistent dividend; and acquiring additional infrastructure assets through sale leaseback transactions.

Tax Status

As a REIT, the company is generally not subject to U.S. federal income taxes on income generated by its REIT operations, which includes income derived from the Master Lease. The company has elected to treat the subsidiaries through which it operates Uniti Fiber and Consumer CLEC Business as taxable REIT subsidiaries (TRSs). TRSs enable the company to engage in activities that do not result in income that would be qualifying income for a REIT. The company’s TRSs are subject to U.S. federal, state and local corporate income taxes.

History

The company was incorporated in 2014. It was formerly known as Communications Sales & Leasing, Inc. and changed its name to Uniti Group Inc. in February 2017.