Uniti Announces Long-Haul Dark Fiber Agreement With Global Internet Provider
Portfolio Pulse from Happy Mohamed
Uniti Group Inc. (NASDAQ:UNIT) has signed a long-term contract with a global internet provider to offer long-haul dark fiber connectivity across two key U.S. routes. The deal, worth approximately $35 million, will connect 12 cities across the Midwest and the Southeast, and includes over 7,000 fiber strand miles. Uniti will also add a new presence in a Detroit data center and establish a new Point of Presence in Cleveland.
July 25, 2023 | 12:12 pm
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Uniti Group's new contract with a global internet provider could boost its long-term recurring revenue and strengthen its national fiber network.
The new contract is a significant revenue opportunity for Uniti Group, and it also strengthens its position in the market by expanding its fiber network. This could potentially attract more customers and partnerships in the future, positively impacting its stock price.
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