Uniti Group (UNIT) Citi’s 2025 Global Technology, Media and Telecommunications Conference summary

Strategic and Operating Priorities

• Executing the Kinetic build plan to reach 3.5 million homes by 2029, with detailed planning and ramping of build operations.

• Refinement of Kinetic's go-to-market strategy, including increased investment in marketing and distribution to drive penetration.

• Integration of Windstream Wholesale with Uniti Fiber and Leasing to expand network reach and customer base, targeting AI and hyperscaler opportunities.

• Completed operational execution and unified investor relations messaging with Windstream ahead of merger close.

• Efforts to reduce interest expense due to improved capital structure and favorable market conditions.

Business Segmentation and Strategy

• Organized into three segments: Kinetic, Fiber Infrastructure, and Uniti Solutions, with Uniti Solutions considered non-core.

• Fiber segments are complementary but may be separated in the future to maximize shareholder value.

• Strategic review underway, considering M&A opportunities and market consolidation trends.

• Developed integration plan to achieve planned synergies and began strategic review of new asset portfolio.

Fiber Buildout and Growth Targets

• Targeting 2 million fiber homes by end of 2025 and 3.5 million by 2029, aiming for 75% of total service revenue from fiber by 2029.

• Achieved 1.7 million homes passed with fiber and 0.5 million Kinetic fiber subscribers as of 2Q25.

• Organic growth prioritized, aiming for 1.25 million subscribers by 2029, with 90% of revenue from fiber.

• Year-over-year growth in Kinetic fiber subscribers (+15%), consumer fiber revenue (+27%), and ARPU (+11%) in 2Q25.

• Accelerated FTTH build plan expected to shift fiber mix to 75% of total revenue by 2029.