Uniti Announces Network Expansion In Huntsville Through Large Hyperscaler Contract Award; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Uniti Group Inc. (NASDAQ:UNIT) has announced a significant network expansion in Huntsville, Alabama, through a 20-year contract with a strategic hyperscale customer. The expansion will add approximately 70 route miles to support key data center locations and connect Huntsville to regional and national data center markets. This move is part of Uniti's lease-up strategy, leveraging the growing demand for AI applications and power availability in southeastern markets. Uniti plans to complete the fiber routes within the next two years, ultimately owning 190 route miles of infrastructure in Huntsville.
April 10, 2024 | 12:02 pm
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Uniti Group Inc. announces a network expansion in Huntsville, Alabama, through a 20-year contract with a hyperscale customer, adding 70 route miles and planning to own 190 route miles of infrastructure.
The announcement of a significant network expansion and a 20-year contract with a hyperscale customer is likely to be viewed positively by investors, as it demonstrates Uniti's strategic growth in a key market and its ability to secure long-term contracts. This expansion not only enhances Uniti's infrastructure but also positions the company to capitalize on the growing demand for AI applications and data center connectivity. The commitment to a two-year development plan and the strategic focus on southeastern markets with excess power availability further underscore the potential for increased revenue and market share.
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