UNIT - Windstream Bankruptcy Poses A Threat To Uniti REIT
Windstream Communications (WIN) is a rural local exchange carrier and provides advanced communications and technology solutions including managed services and cloud computing. Windstream also offers broadband, voice, and video services to consumers primarily in rural markets.
In 2015, Windstream spun off some of its network assets into a REIT, which is now known as Uniti Group (UNIT). Uniti is a publicly traded, self-administered REIT engaged in the ownership, acquisition, and leasing of communication distribution systems. Uniti generates a large portion of its revenue by leasing communications distribution systems to telecommunications operators