Uniti, Windstream obtain all necessary regulatory approvals to complete merger

Uniti Group Inc. and New Windstream LLC jointly announced Thursday (July 24) the receipt of regulatory approval from the California Public Utilities Commission to complete the previously announced merger between the two companies.

All other state and federal regulatory approvals necessary for completion of the merger were previously received, and the company’s stockholders approved the merger at a special meeting held on April 2. As a result, Uniti and Windstream expect the merger to be completed after market close on or around Aug. 1.

Privately-held Windstream and publicly-traded Uniti Group — two Little Rock-based companies that once were a combined entity — announced their proposed $13.4 billion merger in May 2024.

“We are thrilled to be crossing the finish line on our transformational merger with Windstream,” said President and CEO Kenny Gunderman. “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. Bringing these two organizations fully together unlocks tremendous opportunity for our customers, employees and stockholders, and I could not be more excited about the growth potential and innovation we will drive as one company.”

The recombined company will be renamed Uniti Group Inc. and will be listed on the Nasdaq Global Market under the symbol “UNIT” at the beginning of trading on or around Aug. 4.