Tower Owner Uniti Is in Talks to Merge With Windstream.

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  • Additional Information
    • Subject Terms:
      WINDSTREAM Holdings Inc. WIN
    • Abstract:
      Uniti Group Inc., a real estate investment trust based in Little Rock, Arkansas, is currently in discussions to merge with telecommunications provider Windstream. The potential merger would be a stock-based transaction, allowing Uniti to remain publicly traded. However, no agreement has been reached yet, and the talks could end without a deal. Uniti owns fiber and wireless towers and considers Windstream its largest customer and tenant. Uniti's shares have fallen 12% this year, resulting in a market value of approximately $1.2 billion. Windstream, which offers broadband services in rural areas, emerged from bankruptcy in 2020 with the support of Elliott Investment Management and Oaktree Capital Management. [Extracted from the article]
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