Uniti Group Inc. reported consolidated revenues of $268.5 million for the fourth quarter of 2019. Net loss was $11.4 million and Adjusted EBITDA was $202.9 million for the same period. Adjusted Funds From Operations (AFFO) attributable to common shareholders was $101.7 million, or $0.48 per diluted common share.
Reached an agreement in principle with Windstream.
Announced the sale of select U.S. Towers and entered into an ongoing strategic tower arrangement.
Issued $2.25 billion of Senior Secured Notes and significantly extended debt maturities.
Introduced 2020 Financial Outlook.
The Company’s consolidated outlook for 2020 excludes any impact from the announced agreement in principle related to the Windstream reorganization process as the effective date and accounting treatment are uncertain at this time. The outlook includes the sale of 486 of our U.S. towers with an expected closing in April 2020, assumes the Windstream lease continues in full force and effect and that Windstream continues to make all lease payments on time.
Visualization of income flow from segment revenue to net income