Uniti Completes 800GE Trial, Sets 2027 Revenue Guidance
Uniti Group and Nokia completed an 800GE service trial. Uniti gave 2027 revenue guidance of $65 million to $85 million, retired $128 million of its 2030 notes at a 36% discount, and expects restructuring to cut annual costs by $8.5 million.
Uniti Group Inc. and Nokia have successfully completed a trial of an industry-first 800GE service, which utilizes a single fiber pair demarcation to provide high-capacity connectivity to customers. In conjunction with this technological milestone, the company provided new 2027 revenue guidance in the range of $65 million to $85 million. Additionally, Uniti Group reported the retirement of $128 million of its 2030 notes at a 36% discount.
The company also implemented restructuring initiatives expected to reduce annual costs by $8.5 million.