Uniti and Windstream: A Strategic Union In a landmark deal unveiled last Friday, Uniti Group Inc., counseled by Davis Polk & Wardwell LLP, announced its intention to merge with Windstream Holdings II LLC, a telephone service powerhouse guided by Debevoise & Plimpton LLP. The transaction encompasses a $425 million cash payment, $575 million in preferred equity, and a minority stake in the common equity of the newly formed entity.
This merger is poised to forge a leading insurgent fiber provider in the United States by merging Uniti’s extensive national wholesale-owned fiber network with Windstream’s robust fiber-to-the-home (FTTH) operations.
Debevoise, Davis Polk Guide Windstream, Uniti Merger: Creating a Premier Fiber Network According to Uniti President and CEO Kenny Gunderman, “As a combined entity, we aim to maintain our disciplined growth trajectory while scaling up FTTH deployments and markedly boosting our financial profile.” He highlighted the burgeoning demand for fiber broadband and Uniti’s strategy to extend its FTTH reach, leveraging an enhanced platform. The merger is expected to resolve existing dis-synergies in the current landlord/tenant dynamics, broadening Uniti’s scope for strategic ventures.
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