Business
Uniti Announces Dark Fiber Sale to Leading Network Infrastructure Provider
Significantly Expands Existing Customer Relationship LITTLE ROCK, Ark., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced
About this update from Uniti Group Inc.
[{"type":"text","content":"Significantly Expands Existing Customer Relationship\nLITTLE ROCK, Ark., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it has been selected by a leading network infrastructure provider to deliver high-capacity dark fiber connectivity to several key markets across the country. This custom-designed dark fiber solution provides our customer with better control and performance of its network and will include eight diverse segments spanning almost 2,000 route miles of metro and long-haul fiber, while connecting premier tier 1 and tier 2 markets from the Midwest to the Mid-Atlantic. “Uniti has partnered with this long-time customer in the past, and I’m thrilled to be able to do so again, this time, on a strategic network project that supports their rapid business growth and expansion,\" said Greg Ortyl, President of Wholesale & Strategic Accounts. \"This long-term agreement marks another significant milestone in Uniti’s recent series of large-scale customer contracts and is a noteworthy illustration of how our scalable dark fiber solutions help our customers transform their businesses, as well as how Uniti continues to leverage its national fiber footprint for additional lease-up opportunities, further reinforcing our network growth strategy.” Aligning with its continued commitment of driving lease-up on its 126,000 fiber route mile national network, Uniti will also install five new regional colocation facilities along the routes as part of this project, allowing for incremental colocation customers. With twelve new data center connections in those same Midwest and Mid-Atlantic regions, Uniti will add strategic on-net locations, providing more diversity and connectivity choices for its customers. 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-lo...