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Uniti Group Inc. Completes Fiber Sale-Leaseback with CableSouth Media PDF Print E-mail
Wednesday, 10 October 2018 06:44


Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) closed its previously announced sale-leaseback and fiber acquisition with CableSouth Media  At closing, the Company acquired approximately 43,000 fiber strand miles located in Arkansas, Louisiana, and Mississippi, of which 34,000 fiber strand miles will be leased back to CableSouth on a triple net basis. Uniti will have exclusive use of 9,000 fiber strand miles, which are adjacent to Uniti Fiber’s southern network footprint. Total consideration was $31 million.