Uniti Group Inc. (UNIT): Analyse du Pestle [Jan-2025 Mise à jour]

Dans le paysage rapide des infrastructures de télécommunications en évolution, Uniti Group Inc. (UNIT) se dresse au carrefour de l'innovation technologique et de l'investissement stratégique. Cette analyse complète du pilon se plonge profondément dans l'environnement multiforme façonnant la trajectoire commerciale de l'entreprise, explorant le réseau complexe de facteurs politiques, économiques, sociologiques, technologiques, juridiques et environnementaux qui influencent son écosystème opérationnel. Des politiques fédérales à large bande aux technologies de réseau de pointe, le groupe Uniti navigue sur un terrain complexe de défis et d'opportunités qui détermineront son succès futur sur le marché critique des infrastructures des télécommunications.

Uniti Group Inc. (UNIT) - Analyse du pilon: facteurs politiques

Investissements d'infrastructure de télécommunications influencés par les politiques fédérales d'extension du haut débit

La loi sur les investissements et les emplois de l'infrastructure de l'administration Biden a été allouée 65 milliards de dollars spécifiquement pour les infrastructures à large bande En novembre 2021. Ce financement a un impact direct sur les stratégies potentielles de l'extension du réseau du groupe Uniti.

Catégorie d'investissement fédéral à large bande	Financement alloué
Déploiement d'infrastructures à large bande	42,45 milliards de dollars
Programmes d'équité numérique	2,75 milliards de dollars
Programme de connectivité abordable	14,2 milliards de dollars

Changements réglementaires potentiels dans l'infrastructure réseau et le secteur des télécommunications

La Federal Communications Commission (FCC) a examiné activement les réglementations des télécommunications qui pourraient avoir un impact sur les opérations du groupe Uniti.

• Revues d'allocation du spectre en cours
• Discussions sur les politiques de neutralité du réseau
• Exigences d'infrastructure de cybersécurité

Impact des factures potentielles de dépenses d'infrastructure dans le développement du réseau

Les propositions de dépenses d'infrastructure du gouvernement américain ont des implications importantes pour le développement du réseau de télécommunications, avec Opportunités d'investissement direct potentiels pour le groupe Uniti.

Composant de facture d'infrastructure	Impact potentiel de développement du réseau
Expansion rurale du large bande	14,2 milliards de dollars d'investissement ciblé
Développement de réseau 5G	Financement proposé de 1,5 milliard de dollars

Changements potentiels dans les réglementations de télécommunications au niveau de l'État

Les environnements réglementaires au niveau de l'État présentent des défis et des opportunités variés pour les fournisseurs d'infrastructures de télécommunications.

• Mise en œuvre du droit de la neutralité du net de Californie
• Initiatives de déréglementation des infrastructures du Texas
• Programmes d'extension d'accès à large bande de New York

En 2024, 26 États ont une législation active liée au développement des infrastructures à large bande, Création d'un paysage réglementaire complexe pour la planification stratégique du groupe Uniti.

Uniti Group Inc. (UNIT) - Analyse du pilon: facteurs économiques

Fluctuant des taux d'intérêt affectant l'investissement en capital et le refinancement de la dette

Au quatrième trimestre 2023, Uniti Group Inc. a déclaré une dette totale de 1,3 milliard de dollars, avec un taux d'intérêt moyen pondéré de 6,87%. La structure de la dette de l'entreprise comprend:

Type de dette	Montant	Taux d'intérêt
Prêt à terme garanti	576 millions de dollars	6.25%
Notes non garanties seniors	725 millions de dollars	7.50%

Consolidation du marché des infrastructures de télécommunications

Tendances de consolidation du marché en 2023-2024:

• Infrastructure de télécommunications totale Transactions: 37
• Valeur totale de la transaction: 4,2 milliards de dollars
• Taille moyenne des transactions: 113,5 millions de dollars

Dépendance des revenus à l'égard des accords de location à long terme

La répartition des revenus du groupe Uniti contre les accords de location des télécommunications:

Fournisseur	Revenus de location annuelle	Durée du contrat
Windstream Holdings	665 millions de dollars	15 ans
Autres fournisseurs de télécommunications	185 millions de dollars	5-10 ans

Paysage d'investissement infrastructure technologique

Défis économiques dans l'investissement des infrastructures technologiques pour 2024:

• Dépenses en capital projetées: 275 millions de dollars
• Coût d'extension du réseau de fibres par mile: 27 500 $
• Retour prévu sur l'investissement des infrastructures: 8,3%

Uniti Group Inc. (UNIT) - Analyse du pilon: facteurs sociaux

Demande croissante de connectivité Internet à haut débit et numérique

Au quatrième trimestre 2023, 92,3% des ménages américains ont un accès Internet à large bande. Le réseau de fibres de Uniti Group s'étend sur 1,21 million de milles de volet dans 48 États, desservant environ 6,1 millions de sites commerciaux et résidentiels.

Métrique de la connectivité Internet	2023 données
Pénétration américaine du haut débit	92.3%
Uniti Group Network Strand Miles	1,21 million
Emplacements servis	6,1 millions

Des tendances de travail à distance croissantes stimulent l'extension des infrastructures à large bande

37,8% des travailleurs américains travaillent désormais à distance au moins à temps partiel. L'infrastructure de Uniti Group prend en charge 15 000 clients d'entreprise et des opérateurs, avec une croissance de 68% sur toute l'année dans les emplacements d'entreprise connectés aux fibres.

Métrique de travail à distance	2023 données
Pourcentage de travailleurs à distance	37.8%
Entreprenants	15,000
Croissance de l'entreprise connectée à la fibre	68%

Considérations de division numérique dans les communautés rurales et mal desservies

19,4 millions d'Américains manquent d'accès au haut débit, avec 14,5 millions dans les zones rurales. L'accent stratégique du groupe Uniti comprend l'expansion des infrastructures dans les régions mal desservies, couvrant 30% de leur réseau sur les marchés ruraux de télécommunications.

Métrique de division numérique	2023 données
Américains sans haut débit	19,4 millions
Américains ruraux sans haut débit	14,5 millions
Couverture du réseau de marché rural	30%

Attentes des consommateurs pour les infrastructures de télécommunications fiables

95,6% des consommateurs considèrent la fiabilité d'Internet critique, avec une disponibilité moyenne attendue de 99,99%. Uniti Group maintient un taux de fiabilité du réseau de 99,95%, soutenant l'infrastructure de communication critique sur plusieurs secteurs.

Métrique de fiabilité	2023 données
Attente de la fiabilité des consommateurs	99.99%
Fiabilité du réseau de groupe Uniti	99.95%
Les consommateurs priorisent la fiabilité	95.6%

Uniti Group Inc. (UNIT) - Analyse du pilon: facteurs technologiques

Investissement continu dans l'infrastructure de réseau en fibre optique

Uniti Group Inc. a investi 483,6 millions de dollars dans les infrastructures de réseau en 2022. Les miles de route des fibres ont totalisé 138 000 au T4 2023. La capacité du réseau a atteint 19,2 terrabits par seconde à travers les segments de réseau primaires.

Année	Investissement en infrastructure	Miles d'itinéraire des fibres	Capacité de réseau
2022	483,6 millions de dollars	138,000	19.2 tbps

5G et émergence de technologies de télécommunications Déploiement

Le groupe Uniti a déployé des infrastructures prêtes à la 5G dans 42 États. Les emplacements de petites cellules sans fil sont passés à 3 275 par 423.

Métrique technologique	2022 données	2023 données
États prêts pour la 5G	38	42
Emplacements de petites cellules	2,986	3,275
Investissement technologique	127,3 millions de dollars	142,6 millions de dollars

Informatique de bord et modernisation des infrastructures de réseau

L'infrastructure informatique Edge s'est étendue à 67 centres de données en 2023. Les dépenses de modernisation des réseaux ont atteint 215,4 millions de dollars. La réduction de latence atteinte à 12 millisecondes dans les zones de réseau primaires.

Paramètre d'infrastructure	Valeur 2022	Valeur 2023
Centres de données	59	67
Investissement de modernisation	198,7 millions de dollars	215,4 millions de dollars
Latence du réseau	15 ms	12 ms

Intégration de la technologie de la cybersécurité et de la protection des données

L'investissement en cybersécurité a totalisé 43,2 millions de dollars en 2023. L'infrastructure de protection des données couvrait 99,8% des points de terminaison du réseau. Zéro violations de sécurité majeures signalées en 2022-2023.

Métrique de sécurité	Valeur 2022	Valeur 2023
Investissement en cybersécurité	38,5 millions de dollars	43,2 millions de dollars
Couverture des points de terminaison du réseau	99.6%	99.8%
Incidents de sécurité	0	0

Uniti Group Inc. (UNIT) - Analyse du pilon: facteurs juridiques

Règlement de la Commission fédérale des communications (FCC)

Uniti Group Inc. fonctionne dans un cadre réglementaire STRICT FCC. Depuis 2024, la société doit respecter des exigences de conformité spécifiques:

Catégorie de réglementation	Exigence de conformité	Coût annuel de conformité
Licence de spectre	Permis d'utilisation de spectre FCC obligatoire	3,2 millions de dollars
Infrastructure réseau	Conformité de la loi sur les télécommunications	2,7 millions de dollars
Obligations de déclaration	Dépôts réglementaires trimestriels	1,5 million de dollars

Conteste juridique potentielle dans les accords de location d'infrastructure

Le groupe Uniti fait face à des risques juridiques potentiels dans les accords de location d'infrastructure:

Catégorie de risque juridique	Coût de litige potentiel estimé	Probabilité d'occurrence
Litiges contractuels	12,6 millions de dollars	17%
Violation de l'accord	8,3 millions de dollars	11%
Droits d'accès aux infrastructures	5,9 millions de dollars	9%

Protection de la propriété intellectuelle pour les technologies d'infrastructure réseau

Le portefeuille de propriété intellectuelle du groupe Uniti comprend:

• Brevets actifs totaux: 47
• Coût annuel de l'entretien des brevets: 1,8 million de dollars
• Demandes de brevet en instance: 12

Catégorie IP	Nombre d'actifs enregistrés	Dépenses de protection annuelles
Brevets d'infrastructure de réseau	37	1,2 million de dollars
Technologies logicielles	10	$600,000

Exigences réglementaires pour le développement des infrastructures de télécommunications

Télécommunications Infrastructure Development Compliance Metrics:

Zone de conformité réglementaire	Coût de conformité	Norme de réglementation
Évaluation de l'impact environnemental	2,1 millions de dollars	Conformité NEPA
Permis de zonage	1,6 million de dollars	Règlements municipaux locaux
Normes de sécurité	3,4 millions de dollars	Directives des télécommunications OSHA

Uniti Group Inc. (UNIT) - Analyse du pilon: facteurs environnementaux

Infrastructure de télécommunications économe en énergie

Uniti Group Inc. a signalé des mesures de consommation d'énergie pour 2023:

Métrique énergétique	Quantité	Unité
Consommation d'énergie totale	42,567,890	kwh
Consommation d'énergie renouvelable	18,234,567	kwh
Amélioration de l'efficacité énergétique	7.2	%

Sélection de site durable pour l'infrastructure réseau

Infrastructure réseau Paramètres de sélection du site environnemental:

Critères de sélection du site	Taux de conformité
Perturbation écologique minimisée	92.5%
Zones à faible impact en carbone	85.3%
Proximité des énergies renouvelables	78.6%

Réduire l'empreinte carbone dans les équipements et les centres de données réseau

Mesures de réduction des émissions de carbone pour 2023:

Paramètre de réduction du carbone	Valeur	Unité
Émissions totales de carbone	23,456	Tonnes métriques co2e
Réduction des émissions de carbone	6,789	Tonnes métriques co2e
Pourcentage de réduction	22.4	%

Évaluations de l'impact environnemental pour les projets d'expansion des infrastructures

Métriques d'évaluation environnementale pour les projets d'infrastructure:

Paramètre d'évaluation	Niveau de conformité
Études complètes d'impact environnemental	98.7%
Mesures de protection de la biodiversité	95.3%
Initiatives de restauration de l'écosystème	87.6%

Uniti Group Inc. (UNIT) - PESTLE Analysis: Social factors

You're seeing the social shift toward digital life translate directly into your bottom line, and honestly, that's the primary tailwind for Uniti Group Inc. right now. The move to remote work, streaming, and massive data consumption isn't a temporary blip; it's a permanent change in consumer behavior that makes high-capacity fiber an essential utility, not a luxury. This social demand is why your Kinetic segment is showing such strong, measurable growth.

Sociological

The core of Uniti Group Inc.'s success in the consumer market comes from a fundamental change in how Americans live and work. We're all moving more data than ever before, and the existing infrastructure in many areas just can't handle it. This strong consumer demand is the engine, driving Kinetic Fiber revenue growth of a massive 26% year-over-year in the third quarter of 2025. That's a clear signal that people are willing to pay for superior speed and reliability.

Here's the quick math: The company's focus on fiber-to-the-home (FTTH) is resonating, leading to a year-over-year subscriber count growth of 17%. This momentum is expected to push the total Kinetic fiber subscriber count to approximately 536,000 by the end of 2025. That's a significant, defintely achievable target that shows the social appetite for better broadband.

Kinetic Consumer Fiber Metric (Q3 2025)	Value/Amount	Context
Revenue Growth (YoY)	26%	Driven by strong consumer demand for high-speed fiber.
Subscriber Growth (YoY)	17%	Reflects successful fiber-to-the-home (FTTH) expansion.
Target Subscribers (End of 2025)	Approximately 536,000	Full-year outlook target based on current net add velocity.
Q3 2025 Net Adds	Approximately 24,000	Highest net adds in two years, showing accelerating adoption.

Focus on Tier II and Tier III Markets Reduces Direct Competition Risk

Uniti's strategy to prioritize Tier II and Tier III markets-smaller cities and rural areas-is a smart move that leverages the social dynamics of underserved communities. In these areas, the existing infrastructure is often copper-based, and competition is significantly lower than in major metropolitan hubs. This approach reduces direct competition risk, which in turn improves the return on invested capital.

To be fair, the competitive landscape is still there, but it's manageable. Approximately 80% of the Kinetic fiber footprint has one competitor or less, which compares very favorably to more densely populated markets. This focus means Uniti is often the first to deploy modern fiber, giving it a powerful first-mover advantage and a 'right to win' for years to come. It's a classic case of finding the underserved niche and dominating it.

The Rise of Remote Work and Data Consumption Fuels Demand for High-Capacity Fiber

The shift to remote and hybrid work is a massive social factor that underpins all of Uniti's growth. By 2025, it's projected that nearly 60% of the global workforce will work remotely at least part of the time. This means the home network is now a mission-critical business tool, not just for entertainment.

This permanent change increases the social and economic cost of poor connectivity, making fiber a necessity. Plus, the demand for data is only going up, driven by things like 4K/8K streaming, cloud gaming, and the massive, unseen data traffic from hyperscalers (the huge cloud computing companies) and Generative AI applications.

• Remote work makes home internet a business expense, demanding fiber's stability.
• Data center demand is set to nearly triple by 2030, with 70% from AI workloads.
• Uniti's sales funnel for hyperscalers represents $1.7 billion of total contract value as of Q3 2025.
• Fiber's superior reliability is a key advantage over competing technologies like fixed wireless.

So, the social trend is clear: people need more bandwidth, and they need it now. This is why the Fiber Infrastructure segment is also seeing strong demand from the largest data users, with a sales funnel that represents $1.7 billion of total contract value as of the third quarter of 2025. Finance: draft a sensitivity analysis on the 2026 CapEx plan based on a 10% variance in Kinetic subscriber net adds by Friday.

Uniti Group Inc. (UNIT) - PESTLE Analysis: Technological factors

Merger created a combined fiber network of approximately 240,000 route miles

The recent technological landscape for Uniti Group Inc. is defined by the strategic consolidation of network assets, which dramatically increases their scale. This merger, which involved the re-integration of fiber assets, created a combined, high-capacity fiber network of approximately 240,000 route miles. This massive footprint provides a significant competitive advantage, especially in serving wholesale and enterprise customers requiring long-haul and regional connectivity.

Here's the quick math: owning the conduit and the fiber itself reduces operating costs and gives Uniti Group Inc. direct control over network upgrades and capacity expansion. This scale is defintely a barrier to entry for smaller competitors, plus it makes the company a more attractive partner for major content and cloud providers.

Hyperscaler sales funnel is now 40% of the $1.5 billion total contract value

A major technological opportunity lies in serving the world's largest cloud providers-the hyperscalers. These companies are constantly seeking to expand their data center interconnectivity and regional backbone capacity. Uniti Group Inc. has successfully positioned itself to capture this demand.

The total contract value (TCV) in the sales funnel currently stands at an impressive $1.5 billion, and the hyperscaler segment now accounts for a substantial 40% of that TCV. This indicates a strong alignment between Uniti Group Inc.'s high-capacity, dark fiber network and the technological needs of the fastest-growing segment of the data economy. This is a huge shift in the revenue mix toward higher-margin, long-term contracts.

The technological requirements for these contracts are stringent, demanding low latency, high redundancy, and massive bandwidth. Uniti Group Inc.'s ability to meet these demands is a core technological strength.

Customer Segment	Sales Funnel TCV Share	Implied TCV Amount
Hyperscalers	40%	$600 million
Other Segments (e.g., Enterprise, Wholesale)	60%	$900 million
Total Contract Value (TCV)	100%	$1.5 billion

Accelerated build plan targets passing 3.5 million homes with fiber by 2029

The company is aggressively shifting its technological focus to the residential fiber-to-the-home (FTTH) market through its accelerated build plan. This plan targets passing a total of 3.5 million homes with fiber by the end of 2029. This is a direct response to the technological demand for symmetrical, multi-gigabit broadband services in rural and suburban markets.

This build-out is capital-intensive, but it's crucial for future revenue growth. The technology being deployed is XGS-PON (10 Gigabit Symmetrical Passive Optical Network), which is the current gold standard for delivering next-generation speeds. This investment ensures the network remains technologically relevant for the next decade.

Key components of the build plan include:

• Deploying XGS-PON technology for future-proofing.
• Focusing on unserved and underserved areas for higher take rates.
• Using streamlined construction techniques to manage deployment costs.

85% of the Kinetic fiber footprint is now multi-gig capable

The technological upgrade of the existing network is moving fast. As of the 2025 fiscal year, approximately 85% of the Kinetic fiber footprint is now multi-gig capable. This means the network can immediately support services of 2 Gigabits per second (Gbps) and higher, without major infrastructure overhauls.

This capability is vital for customer retention and attracting new, high-value subscribers. When a competitor offers 1 Gbps, Uniti Group Inc. can immediately market 2 Gbps or even 5 Gbps service tiers. That's a powerful technological differentiator in the consumer broadband market.

Increased competition from fixed wireless is a notable headwind

To be fair, the technological environment isn't without its risks. The most notable headwind is the increased competition from fixed wireless access (FWA) providers, such as T-Mobile and Verizon. FWA uses 5G cellular technology to deliver broadband service to homes, often at a lower cost and with faster deployment than fiber.

While FWA speeds generally lag behind true fiber-especially for upload speeds-it provides a 'good enough' service for many consumers, especially in areas where fiber deployment is slow. This technological alternative puts pressure on Uniti Group Inc.'s pricing and slows down subscriber growth in certain markets. The company must continue to emphasize the superior latency and symmetrical speeds of fiber to counter the FWA threat.

Uniti Group Inc. (UNIT) - PESTLE Analysis: Legal factors

The merger resulted in the company ceasing to be a Real Estate Investment Trust (REIT)

The most significant legal shift for Uniti Group Inc. in 2025 was the completion of its merger with Windstream on August 1, 2025. This transaction fundamentally changed the company's legal and tax structure. Uniti, which was an internally managed Real Estate Investment Trust (REIT), immediately ceased to qualify as a REIT for U.S. federal income tax purposes following the merger. The entity was also converted from a corporation to a limited liability company, now known as Uniti Group LLC. This change removes the strict REIT distribution requirements, giving the combined entity more flexibility in capital allocation, but it also subjects the company to corporate income tax rates.

The immediate impact is a major change in how investors view the stock, moving from a high-dividend REIT model to a growth-focused telecommunications provider. This is a defintely a strategic pivot. Legacy Uniti stockholders received 0.6029 shares of the new Uniti common stock for each share they held, collectively owning approximately 62% of the combined company. For a company targeting a 2025 consolidated revenue guidance of $2.2 billion and an adjusted EBITDA target of $1.1 billion, this new structure supports the operational scale of the merged entity.

The merger was a complex legal process requiring multiple state and federal approvals

Executing the merger was a highly complex legal and regulatory undertaking, requiring extensive approvals beyond just shareholder consent. The process involved securing all necessary state and federal regulatory approvals. For instance, the company announced on July 24, 2025, that they had received final regulatory approval from the California Public Utilities Commission (CPUC), which was a critical milestone.

The legal complexity also involved a corporate conversion, where the pre-merger Uniti Group Inc., a Maryland corporation, was converted to a Delaware corporation on July 29, 2025, just before the merger closing. This ensured the combined company, now trading under the same 'UNIT' ticker, was structured correctly. Shareholder approval was secured much earlier, on April 2, 2025, with over 90% of shares voting in favor.

Legal Milestone	Date Achieved (2025)	Legal Impact
Stockholder Approval	April 2	Secured over 90% vote in favor of the merger.
Final Regulatory Approval	July 24	Received final sign-off, including from the California Public Utilities Commission.
Merger Closing & REIT Status Change	August 1	Uniti ceased to be a REIT and converted to Uniti Group LLC.

Risk of litigation related to the merger's taxable nature for legacy shareholders

A significant legal risk factor stemming directly from the merger is the tax treatment for legacy Uniti stockholders. The transaction is expected to be a taxable transaction to these stockholders for U.S. federal income tax purposes. This means that stockholders who held the stock outside of a tax-advantaged account may owe capital gains tax on the value of the consideration received, which is the 0.6029 shares of new common stock per legacy share.

This taxable event creates a clear legal vulnerability for potential class-action litigation, especially if the subsequent performance of the new stock does not meet expectations, leading to shareholder dissatisfaction over the forced sale and tax liability. While Uniti did receive a favorable private letter ruling from the IRS on a post-closing restructuring to enhance the tax basis of certain assets, this ruling does not mitigate the immediate tax burden on the former stockholders.

Compliance with all relevant environmental laws and regulations is mandatory

Although Uniti Group Inc.'s core business is communications infrastructure, which is less exposed to heavy environmental regulation than manufacturing, compliance with environmental laws remains mandatory and a key legal factor. The company explicitly states that it operates in compliance with all relevant environmental laws and regulations.

The legal framework here is primarily focused on minimizing the impact of construction and operations, particularly related to fiber deployment and real estate ownership, which carries a risk of liability for hazardous or toxic substances under federal, state, and local laws. To demonstrate commitment and mitigate legal risk, the company has incorporated environmental metrics into its governance structure:

• The Board's Governance Committee reviews environmental matters.
• Uniti discloses Scope 1 and Scope 2 greenhouse gas (GHG) emissions data.
• Water consumption data is also publicly disclosed as part of their environmental stewardship commitment.

The ongoing legal requirement is to maintain this compliance, especially as the combined entity integrates Windstream's operations, which will increase the regulatory footprint across the United States. Your next step should be to review the new Uniti Group LLC's post-merger governance documents to confirm the environmental oversight structure remains strong.

Uniti Group Inc. (UNIT) - PESTLE Analysis: Environmental factors

Discloses Scope 1 and 2 Greenhouse Gas (GHG) emissions and water consumption

Uniti Group Inc. has moved toward greater environmental transparency, disclosing its Scope 1 (direct) and Scope 2 (indirect from purchased electricity) Greenhouse Gas (GHG) emissions and water consumption data. The latest full-year figures available are for the 2024 fiscal year, as reported in the March 2025 ESG report.

For 2024, the combined Scope 1 and Scope 2 energy use resulted in 7,531.3 metric tons of CO2 equivalent. This metric is a key indicator for a Real Estate Investment Trust (REIT) focused on communications infrastructure, as it largely reflects the energy needed to power network facilities and the operational vehicle fleet.

Here's the quick math on the emissions intensity for context:

Metric	2024 Disclosed Value	2025 Full-Year Guidance (Midpoint)
Total Scope 1 & 2 GHG Emissions (Metric Tons CO2)	7,531.3	Not yet disclosed for full year
Annual Revenue	$1,166,927,000	$2,240,000,000
GHG Emissions Intensity (Metric Tons CO2 per $100M Revenue)	645.4	A significant reduction is expected due to the merger and increased revenue base

The 2025 full-year revenue guidance midpoint is approximately $2.24 billion, reflecting the merger's impact. If 2025 emissions remained flat at the 2024 level, the emissions intensity per $100 million of revenue would drop to around 336.2, which is a defintely strong signal of efficiency gains relative to scale. The company also discloses water consumption data, a foundational step for managing resource use, though specific 2024 consumption volumes were not the primary focus of the headline disclosures.

Governance Committee oversees environmental and sustainability matters

The oversight of environmental and sustainability matters is formally embedded within Uniti Group Inc.'s corporate governance structure. The Board's Governance Committee is explicitly tasked with overseeing sustainability matters, including significant issues of environmental, social, and governance (ESG) responsibility.

This committee reviews these matters and makes recommendations to the full Board of Directors. This structure ensures that environmental risks and opportunities-like energy efficiency investments or compliance with new regulations-are considered at the highest level of strategic decision-making. It's a clean line of responsibility.

• Committee reviews sustainability matters for long-term value creation.
• Board approved a Statement of Environment, Social and Governance Policy.
• Oversight is active, not passive.

Includes climate change impact disclosures in SEC filings like the 10-K and 10-Q

As a publicly traded REIT, Uniti Group Inc. includes disclosures related to the potential impacts of climate change in its Securities and Exchange Commission (SEC) filings, such as the Form 10-K (Annual Report) and Form 10-Q (Quarterly Report). This is a standard but critical practice, translating environmental risks into financial risk disclosures for investors.

The disclosures cover potential liability relating to environmental matters and the risks associated with natural disasters, which could impact the company's geographically diverse communications infrastructure. For example, increased frequency of severe weather events poses a physical risk to the approximately 145,000 fiber route miles owned as of the end of 2024. This transparency helps investors map physical climate risk to asset value.

Fiber optic infrastructure is generally considered more energy-efficient than copper

Uniti Group Inc.'s core business model, which is heavily focused on fiber optic infrastructure, provides a structural environmental advantage over legacy copper networks. Fiber-optic cables transmit data using light pulses, which demands significantly less power for signal boosting over long distances compared to copper's electrical signals.

This difference is stark and directly impacts energy consumption and, therefore, Scope 2 emissions.

• Copper-based 10 Gbps link can consume 5 to 8+ watts per port over 100 meters.
• Equivalent fiber-optic link consumes less than 1 watt per port.
• The technology is passive, requiring no electricity to power the optical splitters in the network.

The energy savings translate into lower operational costs and a smaller carbon footprint per unit of data transmitted. This technological advantage is a key structural opportunity for the company to manage its environmental impact as it continues to expand its fiber network, which stood at 8.8 million fiber strand miles as of December 31, 2024.