Uniti Closes Acquisition & Leaseback of CableSouth Fiber

October 10th, 2018 by · 1 Comment

I must have missed this one over the summer.  Uniti Group has closed on the purchase and leaseback of a fiber network from CableSouth, the first time they've done such a deal with a cable MSO.  The deal follows closely on Uniti's closure of a similar deal with TelePacific a few weeks ago.

The deal with CableSouth sees 607 route miles and 43,000 fiber strand miles change hands.  Some 34,000 fiber strand miles are being leased back to CableSouth via a 20 year IRU with renewal options, but 9,000 fiber strand miles will be available for Uniti's exclusive use.

The fiber in question is in Arkansas, Louisiana, and Mississippi, adding further depth to Uniti's holdings in the region.  Uniti Fiber's network in the region derives from its purchases of PEG Bandwidth, Southern Light, and Hunt Telecommunications.

The purchase cost Uniti some $31M.

I expect everyone down on the Gulf Coast is preparing for Hurricane Michael, stay safe!

 

Categories: Cable · Fiber Networks · Mergers and Acquisitions

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