Uniti Group

What Uniti Group does

Uniti Group Inc. (NASDAQ: UNIT) is a publicly traded U.S. fiber infrastructure provider headquartered in Little Rock, Arkansas, organized into three operating segments — Kinetic (residential and small business fiber-to-the-home), Uniti Solutions (managed IT, networking, and security services), and Fiber Infrastructure / Uniti Wholesale (carrier and hyperscaler transport). The company operates a nationwide pure-fiber network spanning 217,000+ route miles across 47 states, 8.7 million fiber strand miles, and 320,000 on-net and near-net buildings, built on a proprietary Intelligent Converged Optical Network (ICON) supporting up to 800G wavelengths. On August 1, 2025, Uniti completed a transformational $13.4B merger with Windstream, transitioning from a fiber infrastructure REIT to an active operator and reuniting the two entities a decade after the 2015 spinoff.

Uniti generates revenue primarily through recurring subscription and long-term IRU contracts across three customer segments: residential and SMB subscribers of Kinetic fiber broadband across 18 states, enterprise and government customers purchasing dedicated internet, managed SD-WAN, hosted voice, and managed security services, and wholesale customers — carriers, content providers, and hyperscalers — buying dark fiber, wavelengths (including the FastWaves rapid-provisioning product delivering 100G/400G circuits in under three weeks), Ethernet, cloud connect, and colocation. Pricing is custom and quote-based, anchored by multi-year and 20-year contracts such as a landmark $500M+ hyperscaler dark fiber agreement. The company supplements operating revenue with asset-backed securitization of residential fiber network cash flows (two Kinetic securitizations totaling ~$2.1B in 2026) and senior notes issuances to fund $1B+ annual capex.

The customer base spans more than 1 million residential and business subscribers, K-12 and E-Rate-eligible institutions, multi-site enterprises and government agencies, and anchor wholesale tenants including an unnamed hyperscaler on a 20-year contract. Distribution combines regional enterprise field sales offices across the Southeast, a referral partner program, a managed SASE partnership with Cato Networks, and international partnerships with Angola Cables and Beanfield extending reach to 300+ metro markets globally. Post-merger management, led by President and CEO Kenneth Gunderman and CFO Paul Bullington, has guided FY2026 revenue to $3.605-3.655 billion and Adjusted EBITDA to $1.425-1.475 billion while pursuing $500M-$1B in asset sales to manage approximately $10.6 billion in net debt.

Name

Uniti Group

Legal name

Uniti Group Inc.

Website

https://uniti.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Uniti Group (NASDAQ: UNIT) is a U.S. fiber infrastructure provider operating a 217,000+ route-mile network across 47 states, serving residential and business subscribers through Kinetic, enterprises through Uniti Solutions, and carriers and hyperscalers through Uniti Wholesale fiber transport services.

Ownership category

akta.pro rank

Product category

Telecommunications Infrastructure Services

NAICS

Wired Telecommunications Carriers (517111), Wired and Wireless Telecommunications Carriers (except Satellite) (51711)

SIC

Telephone Communications (No Radiotelephone) (4813), Communications Services, Nec (4899)

akta.pro primary industry

Cable Route Engineering, Permitting & Marine Survey (Seabed/Environmental) (HDAIALAK)

akta.pro secondary industries

Fiber ISPs (FTTH/FTTP Retail Providers) (HDAIADAE), Subsea & Terrestrial Backhaul to Data Centers and Cloud On-Ramps (IX/DC Interconnect) (HDAIALAJ)

Keywords

• Fiber infrastructure services
• Wholesale dark fiber
• Managed network services
• Fiber to the home
• Enterprise connectivity solutions

Headquarters

HQ city

Little Rock

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Fiber Infrastructure / IRU Leasing: Indefeasible Right of Use (IRU) and dark fiber leasing contracts, including long-term commitments from carriers and hyperscalers. Revenue is generated through upfront or annual payments for exclusive use of fiber infrastructure. Notable examples include a $500M+ 20-year hyperscaler contract for dark fiber in the South-Central U.S.
2. Kinetic Residential & Business Broadband: Monthly recurring subscription fees from residential and business customers for fiber internet services under the Kinetic brand. Kinetic operates across 18 states serving homes and businesses with multi-gigabit fiber broadband.
3. Wholesale Transport Services: Revenue from carriers, content providers, and hyperscalers for dark fiber, wavelengths, Ethernet, IP transit, and cloud connectivity services. Includes wavelength services (FastWaves), managed spectrum, and colocation.
4. Enterprise Managed Services: Managed networking services including SD-WAN, managed router, managed Wi-Fi, hosted VoIP, unified communications (WebEx), dedicated internet access (DIA), and security/compliance solutions sold to businesses and government organizations.
5. Fiber Securitization: Asset-backed debt issuances collateralized by residential fiber network assets and customer agreements. The company has completed multiple securitization transactions to fund fiber buildouts, including inaugural $960.1M Kinetic fiber securitization (January 2026) and second $1.14B Kinetic fiber securitization (June 2026).
6. Installation & Construction Fees: One-time fees for fiber installation, colocation setup, and custom infrastructure builds for enterprise and wholesale customers. Non-recurring cash revenue from fiber infrastructure builds targeted at approximately $1B cumulative over three years (2026-2028).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Uniti Group operates one of the largest pure fiber-optic networks in the U.S., spanning 217,000+ route miles across 47 states. The company sells wholesale fiber infrastructure (dark fiber, wavelengths, Ethernet, IP transit, colocation) to carriers, hyperscalers, and content providers; enterprise connectivity and managed network services (SD-WAN, managed Wi-Fi, hosted VoIP, unified communications, cloud connect) to businesses and government organizations; and residential/multi-gig fiber broadband under the Kinetic brand across 18 states.

Product overview

Uniti Group operates as a fiber infrastructure provider organized into four main sub-brands: Uniti Wholesale (carrier/wholesale fiber services), Kinetic (residential and business internet), Uniti Fiber (enterprise services), and Uniti Solutions (managed IT and security services). Following the August 2025 merger with Windstream, the company now operates a national fiber network spanning 217,000+ route miles across 47 states. The product portfolio includes dark fiber, wavelengths (100G/400G), ethernet, cloud connect, dedicated internet access, managed SD-WAN, unified communications (Webex), hosted VoIP, colocation, and managed security services. The Connect+ add-on module layers managed network segmentation and security atop dedicated internet access. All services are delivered over the company's pure-fiber network infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Kinetic: Residential and business fiber internet services providing multi-gig fiber internet to homes and businesses across 18 U.S. states, named CNET's Best Rural Fiber Internet Provider in 2026
• FastWaves
• ICON (Intelligent Converged Optical Network)
• Connect+
• Uniti Solutions
• Unified Communications with Webex

Products and services

• Dark Fiber
• Wavelengths
• Ethernet
• Cloud Connect
• Dedicated Internet Access (DIA)
• Managed SD-WAN
• Managed Wi-Fi
• Hosted VoIP
• Unified Communications with Webex
• Colocation
• E-Rate Services
• IP Transit
• Managed Spectrum
• Kinetic Residential & Business Fiber Internet

Quantifiable outcome

• Q1 2026 consolidated fiber revenue grew 15% year-over-year; Kinetic Consumer Fiber revenue grew 26% year-over-year
• +7 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• BeanfieldcoreStrategic or Co-development Partner · 8 June 2026Strategic collaboration anchored by CanAm2, a high-count dark fiber route connecting Montreal to the New York metro region. Combines Beanfield's metro fiber presence in Canadian cities (Montreal, Toronto, Vancouver, Ottawa) with UNITI Wholesale's long-haul U.S. network scale. Creates a seamless cloud corridor enabling global enterprises to bridge U.S. and Canadian markets with diversified routing, high-capacity dark fiber, and wavelength services up to 100G across the North American data corridor.
• Angola CablescoreStrategic or Co-development Partner · 23 May 2026Strategic partnership combining Angola Cables' submarine cable infrastructure (SACS, MONET, WACS systems) with UNITI's terrestrial fiber network. Extends reach across more than 300 metro markets and 386,000km of fiber route infrastructure in the U.S. Enables delivery of high-capacity connectivity, cloud-enabled solutions, and services including IP transit, dark fiber, and colocation to wholesale customers, enterprises, and carriers across Africa, Latin America, the Middle East, and Europe.
• Cato NetworkscoreStrategic or Co-development Partner · 7 April 2026UNITI Solutions is the first managed service provider in North America to deliver a managed SASE service powered by the Cato SASE Platform, combining UNITI's fiber connectivity with Cato's cloud-native security architecture. UNITI has won Cato's Americas Service Provider of the Year award for two consecutive years (2025, 2026) for this collaboration.
• GooglecoreTechnology or Integration · 3 May 2025Google awarded UNITI Gold Verified Peering Partner (VPP) status, the highest level of Google's VPP program. UNITI connects to Google through multiple interconnection points across data centers in the Southeast via its 400G IP backbone, enabling direct, redundant, diverse, and low-latency access to Google Cloud, Workspace, APIs, and content.

Scale indicators19 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Lumen Technologies: Major U.S. fiber and network services provider operating a large long-haul and metro fiber footprint serving carriers, hyperscalers, and enterprise customers. Closely comparable to Uniti Wholesale's dark fiber, wavelength, and managed services portfolio, with overlapping enterprise and wholesale customer bases.
• Frontier Communications: U.S. fiber-to-the-home operator with a large footprint across Tier II/III markets, currently being acquired by Verizon. Direct analog to Uniti's Kinetic residential and business fiber segment, with similar rural/suburban fiber buildout strategy and wholesale backhaul needs.
• Zayo Group: Privately held wholesale fiber infrastructure provider offering dark fiber, wavelengths, and managed services across a national long-haul and metro network. Closely comparable to Uniti Wholesale, with similar customer mix of carriers, hyperscalers, content providers, and large enterprises.
• Crown Castle: Owns and operates one of the largest U.S. fiber and small cell networks, with a Fiber Solutions segment serving carriers, hyperscalers, and enterprises. Comparable to Uniti's wholesale fiber infrastructure business with overlapping customer profiles and similar long-haul/metro fiber strategy.
• Consolidated Communications: U.S. fiber and broadband provider serving residential, business, and wholesale customers across Tier II/III markets, currently being acquired by Searchlight Capital and BCI. Direct peer to Uniti's combined wholesale/enterprise/residential fiber operating model with similar geographic concentration.
• Cable ONE: U.S. cable broadband operator focused on smaller cities and rural markets across 24 states with growing fiber-to-the-home buildout. Comparable to Kinetic's residential and SMB fiber strategy targeting underserved non-urban markets.
• WideOpenWest (WOW!): Regional cable and broadband provider serving residential and business customers in the U.S. Midwest and Southeast. Comparable to Uniti's smaller-market enterprise and Kinetic SMB segments, with overlapping geographic overlap in the Southeast.

Broad incumbents

• AT&T: One of the largest U.S. telecom incumbents offering fiber-to-the-home, wireless, and enterprise network services across a national footprint. Overlaps with Uniti in wholesale fiber transport and Kinetic's adjacent fiber markets, but operates as a much larger diversified carrier.
• Verizon: Major U.S. telecom incumbent with large-scale Fios residential fiber, wireless, and enterprise wireline operations. Comparable in residential fiber and enterprise connectivity, with Frontier acquisition signaling intent to expand fiber reach into Tier II/III markets where Kinetic operates.

Emerging players

• Bandwidth Inc. Communications platform-as-a-service provider offering voice, messaging, and emergency services over its own network infrastructure. Adjacent to Uniti's hosted VoIP and unified communications product line, with overlap in enterprise customers seeking managed communications solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/unitifiber
• Facebookfacebook.com/UnitiGroupInc
• LinkedInlinkedin.com/company/uniti-fiber

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries9 records

Funding overview

Funding rounds5 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Uniti Group