Uniti and Windstream Receive All Necessary Regulatory Approvals for Merger Completion

Uniti and Windstream have received all necessary regulatory approvals to complete their merger, set to finalize on or around August 1, 2025. The combined entity will operate under the name Uniti Group Inc. and the ticker UNIT. The merger will be considered a taxable transaction for Uniti shareholders, but a favorable IRS ruling will allow for a tax basis step-up, potentially reducing future tax obligations.

Uniti Group Inc. and New Windstream LLC have received all necessary regulatory approvals to complete their merger, set to finalize on or around August 1, 2025. The combined entity will operate under the name Uniti Group Inc. and the ticker UNIT. The merger will be considered a taxable transaction for Uniti shareholders, but a favorable IRS ruling will allow for a tax basis step-up, potentially reducing future tax obligations.

The merger, initially announced in May 2024, aims to create a premier fiber provider, enhancing connectivity for businesses and communities. The combined entity will bring together the resources and capabilities of both companies to deliver high-capacity connectivity solutions. The merger is expected to bring significant growth opportunities and innovation to the communications industry.

Uniti Group Inc. and Windstream have secured regulatory approvals from various state and federal bodies, including the California Public Utilities Commission. The IRS has also provided a favorable private letter ruling regarding a post-closing restructuring, which is anticipated to enhance the tax basis of certain assets. The favorable ruling is expected to result in a step-up in the tax basis of certain of the Company’s assets following the closing of the Merger.

The merger is expected to be a transformative growth opportunity for both companies. Kenny Gunderman, President and CEO of Uniti, expressed excitement about the potential for growth and innovation that the merger will bring. "This transaction creates a premier insurgent fiber provider that is uniquely positioned to accelerate the delivery of mission-critical, high-capacity connectivity to the businesses and communities across our footprint," Gunderman said.

The new entity, Uniti Group Inc., will be listed on the Nasdaq Global Market under the symbol "UNIT" at the beginning of trading on or around August 4, 2025. The merger is expected to be completed after market close on or around August 1, 2025.

References:
[1] https://talkbusiness.net/2025/07/uniti-windstream-obtain-all-necessary-regulatory-approvals-to-complete-merger/
[2] https://www.nasdaq.com/articles/uniti-group-inc-announces-receipt-favorable-irs-ruling-and-final-approval-windstream