Uniti to Merge with Windstream Creating Premier Insurgent Fiber Provider

Uniti Group entered into a definitive agreement to merge with Windstream Holdings. Under the terms of the agreement, which have been unanimously approved by both companies’ Board of Directors, upon closing, Uniti shareholders will hold approximately 62 percent of the outstanding common equity of the combined company and Windstream shareholders will hold approximately 38 percent of the outstanding common equity. The merger combines Uniti’s national wholesale owned fiber network with Windstream’s fiber-to-the-home (FTTH) business to create a premier insurgent fiber provider in the US. We believe the combined company, with its scaled facilities-based infrastructure platform, will be uniquely positioned within Tier II and III markets throughout the US.