Bora Lee's questions to Uniti Group Inc (UNIT) leadership • Q4 2024
Question
Bora Lee asked how evolving hyperscaler needs have impacted Uniti's fiber build strategy regarding strand counts and geography. She also requested an update on wireless bookings for 2024 and the outlook for 2025.
Answer
CEO Kenneth Gunderman responded that hyperscaler demand has dramatically increased required fiber capacity, with strand counts growing from 12 to over 464, necessitating upgrades to ILA facilities. He noted that build geography remains disciplined and focused on strategic routes with lease-up potential. Regarding wireless, Gunderman stated that 2024 bookings were flat year-over-year, better than the initial 'down' forecast, and that an anticipated pickup is now occurring in early 2025, leading to an expectation of higher wireless bookings for the full year.