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Uniti Announces New Long-Haul Fiber Contract Award with Large Hyperscaler
LITTLE ROCK, Ark., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) is pleased to announce a new 20-year long-haul fiber and
About this update from Uniti Group Inc.
[{"type":"text","content":"LITTLE ROCK, Ark., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) is pleased to announce a new 20-year long-haul fiber and conduit contract award from an existing strategic hyperscale customer that will connect Montgomery, AL, one of Uniti’s existing 30+ enterprise markets, to Cuba, AL. As part of this contract award, Uniti will construct over 130 route miles of new multi-conduit systems and high-strand count fiber cables. The new east-west infrastructure will connect key data center locations and provide a diverse path to other north-south, long-haul routes. This new route will end just east of Meridian, MS, another one of Uniti’s existing enterprise markets. “Uniti’s momentum within the hyperscale space continues and is evidence of the strong demand for our customized infrastructure solutions,” commented Greg Ortyl, Uniti’s President of Wholesale & Strategic Accounts. “We continue to see our hyperscale customers seeking three, four or, sometimes more, fiber paths into strategic data center locations to provide the network redundancy they demand, and we are excited to participate in future solutions that are also strategic for Uniti.” This contract award was executed in the fourth quarter of 2024 and Uniti plans to deliver these fiber routes to its customer in 2026. 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, including those regarding our expectations relating to the hyperscaler space. Words such as \"anticipate(s),\" \"expect(s),\" \"intend(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 atta...