Strong Quarterly Performance
Uniti achieved mid-single digits top-line growth and high single-digit adjusted EBITDA growth, reiterating full-year revenue, adjusted EBITDA, and AFFO guidance. Consolidated revenues were $294 million, and adjusted EBITDA was $238 million.
Significant Progress in Fiber Expansion
Fiber expansion within the Kinetic footprint is expected to double the number of homes passed, reaching 2 million homes by the end of the year, two years earlier than expected.
High Lease-Up Success
The lease-up rate reached 72%, nearing company records, with significant contributions from hyperscalers.
Positive Market and Regulatory Developments
Favorable regulatory changes at the FCC and NTIA, supporting fiber infrastructure growth with relaxed rules on retiring copper networks and streamlined permitting processes.
Merger with Windstream Progress
Received shareholder and PUC approvals for the merger with Windstream, with expectations to close by July or August. Approximately 97% of shareholders supported the transaction.
Improved Cost of Capital
Uniti's cost of capital improved significantly, with debt yields decreasing from over 12% to around 7.5% over two years.