Uniti says it is a core infrastructure player as Aware seeks once again to get a seat at the telco table.
Following its series of acquisitions in the back half of 2020, Uniti Group now says it has transformed into a core infrastructure owner. For its first half results to December 31, the company posted record revenue of AU$54.6 million, up 148% compared to last year. It also tripled earnings before interest, tax, depreciation, and amortisation (EBITDA) to AU$29.3 million which does not take into account shared based payments, acquisition, and restructuring costs. During November and December, Uniti picked up Telstra Velocity for AU$140 million, paid AU$9.25 million for Harbour ISP, and ended the saga to acquire Opticomm. Broken down by business unit, wholesale and infrastructure increased revenue from AU$6.6 million to AU$30 million with EBITDA growing from AU$4 million to AU$20 million. Extrapolating its December numbers, as well as adding some acquisition synergies and Telstra Velocity revenue, the company said it would see revenue of AU$141 million for a full year and EBITDA of AU$100 million.
