Uniti Group to acquire 100% of LBNCo.

Uniti Group has acquired 100% of LBNCo and its related bodies corporate for $100m. Acquisition of LBNCo for $100m, payable $90m in cash and $10m in UWL shares. The main aim of transaction is to established, fast-growing, highly profitable builder and wholesale operator of private fibre networks, predominately comprised of fibre-to-the-premises high speed data services to multi-dwelling units and broad-acre residential estates. “The acquisition of LBNCo is, by every measure, a transformational event for Uniti Group. The FTTP network deployed and continuing to be expanded by LBNCo, is an asset that we feel very privileged to have secured. This acquisition provides our Company with a platform of growing earnings that will underpin UWL’s continued ambitious growth strategy,” Graeme Barclay, UWL Chairman.