Uniti Announces New Long-Haul Dark Fiber Route Connecting Key Data Centers in Pittsburgh and … | New

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LITTLE ROCK, Ark., October 25, 2021 (GLOBE NEWSWIRE) – Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) today announced that it has signed a twenty-year contract with a large, large-scale international customer to provide high strand fiber infrastructure along a route to connect key data centers in Pittsburgh, PA and Ashburn, VA. The agreement complements a new framework agreement with another hyperscale customer for Uniti.

This agreement represents the continued lease of the national network of 123,000 kilometers of optical fiber owned by Uniti, including the lease of the dark fiber to which Uniti has acquired the rights under its settlement agreement with Windstream.

“Uniti has always excelled in providing customized infrastructure solutions to our customers and this is another example. We customize the route for optimal line system performance and provide our customers with the diversity and redundancy they need for their network, ”said Thomas Vito, Vice President, Strategy and Business Development at Uniti. “This agreement secures a new logo for Uniti, adds another hyperscaler to our customer base and once again demonstrates the success of leasing our national dark fiber network. “

FORWARD-LOOKING STATEMENTS

Certain statements contained 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. These forward-looking statements include all statements that are not historical statements of fact.

Words such as “anticipate (s)”, “expect (s)”, “intention (s)”, “estimate (s)”, “anticipate (s)”, “plan (s)”, “Believe (s)”, “may”, “will”, “would”, “could”, “should”, “search (s)” and similar expressions, or the negative of these terms, are intended to identify de 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 materially different from those projected, expected or expected. Although we believe the assumptions underlying forward-looking statements are reasonable, we cannot guarantee that our expectations will be met. Factors that could significantly alter our expectations include, but are not limited to, the future outlook for Windstream, our largest customer; the ability and willingness of our customers to meet and / or perform their obligations under any contractual agreement entered into with us, including head lease agreements; our clients’ ability to comply with laws, rules and regulations in the operation of the assets we lease to them; the ability and willingness of our clients to renew their leases with us when they expire, and the ability to reposition our properties on the same or better terms in the event of non-renewal or in the event that we replace an existing tenant; the negative impact of litigation affecting us or our customers; our ability to renew, extend or obtain contracts with major customers (including customers of businesses we acquire); our availability and ability to identify appropriate acquisition opportunities and our ability to acquire and lease the respective properties on favorable terms; the risk that we may not be able to fully realize the potential benefits of acquisitions or that we may have difficulty integrating acquired companies; our ability to generate sufficient cash flow to service our outstanding debt and fund our capital financing commitments; our ability to access debt and equity markets; the impact on our business or those of our customers as a result of downgrading credit ratings and fluctuating interest rates; our ability to retain our key executives; our ability to qualify or maintain our status as a real estate investment trust (“REIT”); changes in US tax laws and other state, federal or local laws, whether or not specific to REITs; restrictive covenants in our debt agreements which may limit our operational flexibility; our expectations regarding the effect of the COVID-19 pandemic on our operating results and financial condition; other risks inherent in the communications industry and in the ownership of communications distribution systems, including potential liability related to environmental issues and the illiquidity of real estate investments; and other factors described in our reports filed with the United States Securities and Exchange Commission.

Uniti expressly disclaims any obligation to publicly release any update or revision to any of the forward-looking statements set forth in this press release to reflect any change in its expectations or any change in the events, conditions or circumstances upon which a statement is based. .

ABOUT UNITI

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of critical communications infrastructure and is a leading provider of fiber and other wireless solutions for the communications industry. As of June 30, 2021, Uniti owned approximately 123,000 miles of fiber routes, 7.1 million miles of fiber strand and other communications real estate across the United States. Additional information about Uniti can be found on its website at www.uniti.com.

COMMERCIAL CONTACTS:

Ron Mudry, 727-421-0388 SVP, Director of Revenue [email protected]

Greg Ortyl, 314-749-2478 President, Wholesale and Strategic Accounts [email protected]

INVESTOR and MEDIA CONTACTS:

Paul Bullington, 251-662-1512 Senior Vice President, Chief Financial Officer and Treasurer [email protected]

Bill DiTullio, 501-850-0872 Vice President, Finance and Investor Relations [email protected]

Copyright 2021 GlobeNewswire, Inc.


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