Uniti Group Inc

Uniti Group is prioritizing fiber expansion, hyperscaler opportunities and strategic alternatives in the second half of the year, President and CEO Kenny Gunderman said at the TD Cowen conference. The company built more than 50,000 homes in July and could reach an annualized pace of 550,000 to 600,000 homes if the board approves additional capital. Uniti is actively evaluating strategic alternatives without a self-imposed sale deadline and plans to monetize $500 million to $1 billion in non-core assets over 12 to 36 months, including spectrum, unused fiber and underdeveloped markets. Commercial fiber bookings reached a record level, driven by hyperscalers, neo-cloud providers and other high-bandwidth customers, with the company focusing on differentiated regional routes and data-center connections rather than competing on nationwide network corridors.

Uniti Group Inc. reported second-quarter 2026 results marked by record fiber infrastructure bookings and an accelerated fiber build plan. Consolidated revenue was $909.7 million, a 5% pro forma decrease year over year, while adjusted EBITDA fell 10% pro forma to $357.1 million. Fiber Infrastructure achieved record monthly recurring revenue bookings of $2.2 million, up nearly 30% from the prior record, driven by hyperscaler and neo-cloud demand. The Kinetic segment added 38,000 net fiber subscribers, its highest quarterly total, and passed 141,000 new homes, bringing total fiber passings to approximately 2.1 million. Management raised full-year 2026 fiber passings guidance to 475,000 to 525,000 homes and increased Kinetic capital expenditures to $1.27 billion at the midpoint to support accelerated construction. The company also identified $500 million to $1 billion in noncore assets for potential monetization over the next 12 to 36 months.

Kinetic and eero, an Amazon company, have introduced AlwaysOn Wi-Fi, a wireless backup service that keeps customers online during internet outages. The service automatically switches to cellular backup with unlimited data, ensuring uninterrupted connectivity for work, streaming, and browsing. It is available to Kinetic fiber customers with eero Pro 7 for $20 per month, with the first month free, and launched today in Kentucky and North Carolina, with a full rollout across Kinetic's 18-state footprint planned for this summer. Kinetic, a unit of Uniti, positions the offering as part of its strategy to challenge traditional cable internet with better reliability and customer experience.