Uniti Group is doing well in wholesale and infrastructure – Telco

ASX-listed consumer and wholesale telecommunications service provider Uniti Group had an exceptional 2021 year with strong performance across all of its business segments.

In the 12 months ended June 30, 2021, the company reported revenue of $ 160 million, up 175% from $ 58.2 million in fiscal 2020. EBITDA under Underlying increased 254% to $ 93.7 million, while after-tax net income rose 83% to $ 29.2 million.

Wholesale and infrastructure saw the largest increase in revenue during the period, growing 372% to $ 105.4 million as its fiber-optic network to premises expanded. also recorded an increase in orders. Uniti’s combined premises, which include connected, “ready to connect”,
premises under contract / under construction and Telstra Velocity, to some 565,000 across Australia.

Communication Platform as a Service (CPaaS) grew 47% from $ 21 million to $ 31 million thanks to the growth of its customer base during the period, including SMEs and large companies. The business unit includes its premium voice services division, which sells phone numbers from 13, 1300, 1800.

Consumer & Business increased revenue by 82%, from $ 24 million to $ 43.6 million, with Uniti crediting its recent acquisition of Harbor ISP and having more customers on its own network of optical fiber.

“We are extremely proud of the company that Uniti has become in just two and a half years since its IPO, going from a loss-making fixed wireless company to a very profitable and growing ASX200 organization,” said the Managing Director. from Uniti, Michael Simmons.

“Today, Uniti is a ‘group of one’, an integrated digital infrastructure company, which is the definitive challenger in the residential FTTP market, with a platform to further expand the market share and presence in the adjacent markets.

“We are committed to a simple strategy; gain new business, build and own fiber
networks and fill them with satisfied users of our fiber optic broadband services.

About Timothy Cheatham

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