CA - Uniti And Windstream: The Circle Of Capital Markets

2024-05-03 11:30:59 ET

Summary

• Uniti Group is merging with Windstream, the company it was spun out of almost 10 years ago.
• The merger will apparently allow Windstream to accelerate network investments and provide enhanced services to customers.
• The combined company will primarily be a telecom that owns its own fiber network.
• Dividend likely goes to zero.

Uniti & Windstream Merger

Uniti Group Inc. ( UNIT ) is merging with Windstream. Things rarely come in such a perfect full circle in the capital markets as this one. UNIT was spun out of Windstream as a REIT almost 10 years back. The transaction was touted as the best things since sliced bread and designed to provide "income investors" a solid stream in the era of ZIRP. ...

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