Uniti Announces New Contract Award with Large Hyperscaler
2024年9月3日 - 9:00PM
Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) is pleased to announce a
new 20-year contract award from a strategic hyperscale customer in
Alabama. As part of this award, Uniti will construct a new
long-haul route that will span over 200 route miles when complete,
connecting new data centers optimized for Generative AI, and
broadening Uniti’s reach throughout the state.
In order to deliver on the new contract and
create significant capacity for future growth, Uniti
will build a multi-duct fiber system with several high-count
fiber cables between Montgomery and Mobile, AL. This route will
create a diverse path between these two markets allowing Uniti’s
customers to interconnect to other regional and long-haul routes,
which connect data centers in other markets.
“We are humbled to have earned the continued
trust of our hyperscale customer, resulting in the building of this
critical route connecting two important markets in Alabama,”
commented Greg Ortyl, Uniti’s President of Wholesale &
Strategic Accounts. “This contract award continues to demonstrate
the strong momentum Uniti has within the hyperscale segment as they
aggressively build out new AI-optimized data centers.”
With deep roots in Alabama and a large presence
in the City of Mobile, Uniti continues to invest in its fiber
network, enhancing connectivity solutions for its enterprise,
wholesale and government segments. In addition to finishing
construction on a new multi-duct system across Mobile Bay, Uniti
was recently awarded “Alabama Middle Mile” grant funding to
continue its network growth efforts, strengthening route diversity
throughout the state.
This contract award was executed in the
second quarter and Uniti plans to deliver these fiber routes to its
customer in 2025. Over the last several years, Uniti has built
almost 4,000 fiber route miles in Alabama, representing over $300
million of capital investment.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended from
time to time. Those forward-looking statements include all
statements that are not historical statements of fact.
Words such as "anticipate(s)," "expect(s),"
"intend(s)," “estimate(s),” “foresee(s),” "plan(s)," "believe(s),"
"may," "will," "would," "could," "should," "seek(s)" and similar
expressions, or the negative of these terms, are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and are
subject to a number of risks and uncertainties that could lead to
actual results differing materially from those projected,
forecasted or expected. Although we believe that the assumptions
underlying the forward-looking statements are reasonable, we can
give no assurance that our expectations will be attained. Factors
which could materially alter our expectations include, but are not
limited to, the future prospects of Windstream, our largest
customer; the ability and willingness of our customers to meet
and/or perform their obligations under any contractual arrangements
entered into with us, including master lease arrangements; the
ability of our customers to comply with laws, rules and regulations
in the operation of the assets we lease to them; the ability and
willingness of our customers to renew their leases with us upon
their expiration, and the ability to reposition our properties on
the same or better terms in the event of nonrenewal or in the event
we replace an existing tenant; the adverse impact of litigation
affecting us or our customers; our ability to renew, extend or
obtain contracts with significant customers (including customers of
the businesses we acquire); the availability of and our ability to
identify suitable acquisition opportunities and our ability to
acquire and lease the respective properties on favorable terms; the
risk that we fail to fully realize the potential benefits of
acquisitions or have difficulty integrating acquired companies; our
ability to generate sufficient cash flows to service our
outstanding indebtedness and fund our capital funding commitments;
our ability to access debt and equity capital markets; the impact
on our business or the business of our customers as a result of
credit rating downgrades and fluctuating interest rates; our
ability to retain our key management personnel; changes in the U.S.
tax law and other state, federal or local laws; covenants in our
debt agreements that may limit our operational flexibility; other
risks inherent in the communications industry and in the ownership
of communications distribution systems, including potential
liability relating to environmental matters and illiquidity of real
estate investments; and additional factors described in our reports
filed with the U.S. Securities and Exchange Commission.
Uniti expressly disclaims any obligation to
release publicly any updates or revisions to any of the
forward-looking statements set forth in this press release to
reflect any change in its expectations or any change in events,
conditions or circumstances on which any statement is based.
ABOUT UNITI
Uniti, an internally managed real estate
investment trust, is engaged in the acquisition and construction of
mission critical communications infrastructure and is a leading
provider of fiber and other wireless solutions for the
communications industry. As of June 30, 2024, Uniti owns
approximately 142,000 fiber route miles, 8.6 million fiber strand
miles, and other communications real estate throughout the United
States. Additional information about Uniti can be found on its
website at www.uniti.com.
SALES CONTACTS:
Ron Mudry, 727-421-0388Senior Vice President, Chief Revenue
Officerron.mudry@uniti.com
Greg Ortyl, 314-749-2478President, Wholesale & Strategic
Accountsgreg.ortyl@uniti.com
INVESTOR and MEDIA CONTACTS:
Paul Bullington, 251-662-1512Senior Vice President, Chief
Financial Officer & Treasurerpaul.bullington@uniti.com
Bill DiTullio, 501-850-0872Vice President, Investor Relations
& Treasurybill.ditullio@uniti.com
This press release was published by a CLEAR® Verified
individual.
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