Uniti Group Inc. (NASDAQ: UNIT)

Uniti Group Inc. is a premier digital infrastructure company that owns and operates approximately 240000 fiber route miles across 47 states. It serves more than one million customers including over five hundred thousand residential fiber subscribers. Its network reaches about 1.9 million fiber equipped households mainly in the Midwest and Southeast United States. The company delivers fiber based broadband to residential and business customers provides managed cloud communications and security services to large enterprises and government entities across the United States and offers tailored waves and transport solutions to carriers content providers and large cloud computing and storage service providers in the United States and Canada. For the fiscal year ended December 31 2025 Uniti Group Inc. reported total revenues of two thousand two hundred thirty four point five million dollars and net income of one thousand three hundred four point seven million dollars. The company's common stock trades on the Nasdaq Global Select Market under the ticker UNIT. Following the merger with Windstream completed on August 1 2025 the company was renamed Uniti Group Inc.

Uniti Group Inc. generates revenue from three core activities. First it sells fiber based internet access and related services to residential and small business customers under the Kinetic brand. Second it provides managed cloud connectivity security and collaboration solutions to enterprise and government clients through the Uniti Solutions division. Third it offers wholesale fiber transport dark fiber ethernet and colocation services to telecom carriers content providers hyperscalers and other network operators via the Fiber Infrastructure segment. The company also earns income from leasing arrangements and from voice and security add on services. Contribution margins for the Kinetic Uniti Solutions and Fiber Infrastructure segments were four hundred seven point six million one hundred sixty four point one million and seven hundred seventy two point one million dollars respectively for the year ended December 31 2025. Its customer base consists of households small businesses large enterprises government agencies carriers and content providers across the United States and Canada.

The company operates through the following segments: Kinetic, Uniti Solutions and Fiber Infrastructure.

• Kinetic provides residential and small business broadband internet voice and Wi Fi services in approximately 1400 markets across 18 states in the Southwest Southeast Midwest and Northeast United States. It offers multi gigabit fiber internet business ready internet that bundles broadband with security advanced Wi Fi and network resiliency. Customers can lease Wi Fi gateways such as the eero Pro 7 which uses Wi Fi 7 technology and can add mesh extenders to ensure whole home coverage. The Kinetic Promise guarantees that technicians will not leave a new fiber installation until Wi Fi works in every room and on every device. Additional offerings include a wireless service bundle with AT&T internet security add on premium technical support live television and streaming video via YouTube TV and traditional voice services. The segment continues to invest in expanding its fiber footprint to improve subscriber acquisition reduce churn and increase average revenue per user. For the year ended December 31 2025 the Kinetic segment generated revenues of nine hundred twenty eight point four million dollars and a contribution margin of four hundred seven point six million dollars.

• Uniti Solutions delivers platform led managed services that combine cloud optimized connectivity with integrated security and collaboration for enterprise customers. It designs deploys and operates multi site networks using SD WAN wavelength LAN services secure Wi Fi cloud managed switch intelligent IP cameras and offers security suites such as SASE SSE and managed security. Connectivity options include high speed internet access and dedicated internet access. Collaboration tools feature UCaaS powered by OfficeSuite and CCaaS powered by Talkdesk. The division also provides managed network security LAN services and professional services to support customer environments. The division focuses on secure by design networking platform led customer experience solution led modernization and vertical use case focus to drive growth. For the year ended December 31 2025 the Uniti Solutions segment reported revenues of three hundred thirty two point three million dollars and a contribution margin of one hundred sixty four point one million dollars.

• Fiber Infrastructure combines the legacy fiber leasing business with the CLEC portion of Windstream's acquired wholesale operations to deliver fiber based connectivity and enterprise networking solutions. It serves businesses such as banks hospitals schools and government organizations in medium sized communities and large cities across the Southeast and provides high capacity bandwidth and transport services to wholesale customers including telecom carriers large cloud computing and storage providers hyperscalers content providers cable operators and international network operators. Services include enterprise internet services managed networking services advanced networking services such as ethernet and SD WAN fiber based business voice solutions E Rate services secure colocation solutions and wholesale offerings of 10 to 400 Gbps wave services spectrum ethernet internet dark fiber and colocation as well as fiber to the tower connections. The segment also provides dark fiber under multi year structures such as indefeasible rights of use and leases to support long term capacity requirements. The segment emphasizes long term recurring revenue through customer aligned network deployments portfolio diversification and deepening business relationships while supporting AI and high performance computing workloads via dark fiber and colocation assets. For the year ended December 31 2025 the Fiber Infrastructure segment generated revenues of one thousand fifty three point nine million dollars and a contribution margin of seven hundred seventy two point one million dollars.

Uniti Group Inc. holds a strong position in the communications infrastructure market due to its nationwide fiber route mileage and diversified service offerings. In the residential and small business broadband space it competes with cable operators fiber overbuilders wireless home internet providers and satellite internet services. Its competitive advantages include a deep fiber footprint in the Midwest and Southeast a focus on multi gigabit speeds and a customer experience backed by the Kinetic Promise. In the enterprise managed services arena it faces facilities based national carriers cable operators global WAN aggregators capex light managed service providers and pure play security SASE vendors. Uniti Solutions differentiates itself through a platform led approach a unified customer portal and integrated security and networking capabilities. In the wholesale and infrastructure segment it contends with national and regional fiber operators incumbent telecommunications providers cable companies with fiber assets and other infrastructure solution providers. The company leverages its extensive fiber network flexible product set and execution expertise to win long term contracts with hyperscalers enterprises and government entities. Its advantages include route diversity low latency design predictable delivery intervals and a strong focus on supporting AI and high performance computing workloads through dark fiber and colocation resources. The company also benefits from a scalable operating model that balances capital investment with expected returns and from a track record of reliable service delivery that strengthens its reputation as a trusted infrastructure partner.

Uniti Group Inc. serves a broad mix of customers across the United States and Canada. Its residential segment provides service to over five hundred thousand fiber connected households and additional broadband users. The business segment supports small enterprises medium sized corporations and large enterprises with connectivity security and collaboration tools. Government agencies school districts hospitals and banks rely on its fiber based solutions for mission critical communications. Wholesale customers include telecom carriers content providers cable operators and large cloud computing and storage providers often referred to as hyperscalers. The company reports that no single customer or group of related customers accounts for ten percent or more of its total revenue indicating a diversified customer base. In total the company serves more than one million customers across its various lines of business.