Uniti Grp. Inc. (UNIT)

[leftovers]

Uniti Group Inc. Issues Statement on Windstream Court Ruling

Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) issued a statement today regarding last week’s unfavorable court ruling against Windstream Services, LLC., a subsidiary of Windstream Holdings, Inc. (“Windstream”), Uniti’s largest customer. The ruling, which was announced by Windstream on February 15, 2019, relates to Windstream’s 2015 spinoff of certain telecommunications network assets into Uniti, and Windstream’s agreements with bondholders. Uniti was not a party to this litigation.

Kenny Gunderman, President and Chief Executive Officer of Uniti, commented, “It is our understanding that Windstream intends to take action and pursue all available options. The validity of our master lease agreement with Windstream was not impacted by the ruling, and access to our network remains critical to Windstream’s operations and its ability to serve its customers.”

Kenny Gunderman continued, “We are focused on working through the challenges related to the court ruling and continue to be committed to serving the interest of our stockholders, our customers, and our other partners.”