Uniti Group (UNIT) Global Communications Infrastructure Conference summary

Strategic highlights and merger integration

• Completed merger with Windstream, positioning as a leading fiber provider and validating strategy through industry moves by T-Mobile, Verizon, and AT&T.

• Unified investor messaging and developed integration plan to achieve planned synergies, including a strategic review of the new asset portfolio.

• Refined strategy to simplify dual silo capital structure and expanded FTTH build plan.

• Industry models from Ziply, Frontier, and Consolidated Communications support the copper-to-fiber transition strategy.

Fiber buildout acceleration and revenue transformation

• Targeting 2 million fiber homes by end of 2025 and 3.5 million by 2029, aiming for 75–80% of total service revenue from fiber within 3–3.5 years and 85% by 2029.

• Accelerated fiber buildout by reprioritizing markets based on returns, clustering for operational scale, and deprioritizing subsidized builds in favor of denser, higher-return markets.

• Achieved strong YoY growth in core fiber revenue and adjusted EBITDA in 2Q25, with 27% YoY growth in consumer fiber revenue and 11% ARPU growth.

• Fiber revenue mix increased from 31% in 2Q24 to 37% in 2Q25, with total fiber revenue up 10% QoQ.

• By 2029, expects over 95% of subscribers off copper, with aggressive migration and wireless deployment in non-fiber areas.

Market position and operational highlights

• Operates ~240K fiber route miles, 1.7M fiber-enabled homes, and 800K connected buildings/data centers across 300+ metro markets.

• Added 19K Kinetic fiber subscribers in 2Q25, with NPS scores for both Uniti and Kinetic up 5 points over three years.

• Competitive landscape in target markets is favorable due to limited cable presence and protected rural footprints.

• Penetration rates depend more on competitive landscape than market density, with higher rates where there are fewer one gig competitors.

• Targeting 40% blended penetration, with potential to exceed that in less competitive markets.