Uniti Group Stockholders Approve Windstream Merger

Little Rock, AR – Uniti Group Inc. (Nasdaq: UNIT) is set to merge with an affiliate of Windstream Holdings II, LLC, after a successful stockholder vote on April 2, 2025.

Over 90% of shares present at the special meeting approved the merger. The final voting results will be filed with the SEC on the same day. Here’s what’s happening:

Merger Details

Under the agreement, Windstream will merge into Uniti, with Uniti surviving as a wholly-owned subsidiary of Windstream Parent, Inc., to be renamed Uniti Group Inc. in connection with the Merger.

This new entity is expected to trade on the Nasdaq Global Market under the UNIT symbol. Uniti Stockholders will receive approximately 62% of the outstanding common stock of the combined company.

Windstream shareholders will receive $425 million of cash, $575 million of preferred stock in the combined company and approximately 38% of the outstanding common stock of the combined company.

Windstream shareholders will additionally receive non-voting warrants to acquire up to 6.9% of common stock of the combined company.

What is Uniti?

Uniti is a real estate investment trust that specialises in communications infrastructure. As explained on their website, the company owns approximately 145,000 fiber route miles and 8.8 million fiber strand miles as of December 31, 2024. Uniti is committed to providing fiber and wireless solutions to communication industry.

Looking Ahead: Subject to regulatory approvals, the deal is expected to close in the second half of 2025.

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