Uniti Group (UNIT) investor relations material

Strategic highlights and merger integration

• Completed merger with Windstream, creating a leading fiber provider and validating the strategic value of fiber assets amid 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.

• Hyperscalers and generative AI are driving unprecedented demand for fiber, supporting the growth thesis.

• Transitioning away from legacy copper services, aiming for 75–80% fiber revenue within 3–3.5 years.

Fiber buildout acceleration and operational changes

• Accelerated fiber-to-the-home buildout, targeting 3.5 million homes by 2029, up from 1.7 million currently.

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

• Refreshed market prioritization to focus on clustered, high-return, and competitive markets.

• Deprioritized subsidized builds in favor of denser, higher-return areas; leveraging third-party contractors to speed up deployment.

• Financing strategy includes tapping ABS and high-yield markets.

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 27% YoY growth in consumer fiber revenue and 11% ARPU growth.

• NPS scores for both Uniti and Kinetic compare favorably to cable and fiber overbuilder peers, with a 5-point increase over three years.

• Fixed wireless is a stronger competitor than anticipated, but fiber is expected to reclaim lost subscribers due to superior performance.

• Targeting 40% blended penetration across the footprint, with potential to exceed this in less competitive markets.