Windstream Uncertainty Will Weigh on Uniti in the Medium Term and May Be a Serious Long-Term Threat
On Feb. 15, 2019, District Court Judge Jesse Furman issued his ruling in favor of Aurelius in its trial against Windstream. He found that Windstream violated debt covenants when it spun off Uniti; Windstream did not legitimately issue new bonds with its attempt to negate the default; and Aurelius is entitled to a money judgment of over $300 million. We expect Windstream to appeal the decision, so we don't believe any repercussions are imminent. However, although we expected an appeal regardless ...Uniti Group is a real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The company's four lines of business are: Uniti Fiber, which is a provider of infrastructure solutions, including cell site backhaul and small cell for wireless operators and ethernet; Uniti Towers, which constructs and leases space on communications towers to wireless service providers and other tenants; Uniti Leasing, which is engaged in acquiring communications assets, such as fiber, data centers, consumer broadband, coaxial and upgradeable copper; and Talk America Services, LLC, which provides local telephone, high-speed internet and long distance service.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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