Uniti Group Inc. (UNIT) Management Presents at Cowen 2020 Technology, Media & Telecom Conference (Transcript)

May 29, 2020 4:20 PM ETUniti Group Inc. (UNIT) StockUNIT
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Uniti Group Inc. (NASDAQ:UNIT) Cowen 2020 Technology, Media & Telecom Conference May 29, 2020 1:50 PM ET

Company Participants

Mark Wallace - Chief Financial Officer
Bill DiTullio - Vice President, Finance & Investor Relations

Conference Call Participants

Greg Williams - Cowen

Greg Williams

Let’s get started. Mark, Bill, thank you very much for joining us.

Mark Wallace

Greg, thank you for inviting us. We very much appreciate everybody's interested in Uniti Group. Just to let everybody know, we did post a presentation on our website in advance of this meeting. So, I encourage everybody to read the forward-looking statements that go along with that presentation, but with that, happy to jump right into your questions.

Question-and-Answer Session

Q - Greg Williams

Sure. Well, let's bring up the big topic, and that's Windstream. You guys recently had a settlement with Windstream over the MLA dispute. Sounds like a good time, Uniti can finally focus on being Uniti again. But can you give us an update on the agreement, and your milestones and priorities as Windstream prepares to emerge from bankruptcy?

Mark Wallace

Sure. We're very enthusiastic about the agreement about having a clear path forward, now that we've got the settlement approved. So, just to cover, where we stand on this, on the process, the settlement agreement has been approved by the court.

Windstream announced on their last earnings call that they expect to emerge from bankruptcy late August, early September and I believe that's still on track. Don't have any reason to not think anything has changed there.

Between now and the Windstream's emergence from bankruptcy, there will be a planned -- there'll be a plan confirmation hearing by the court. I believe that's schedule for June, 24th, and then Windstream will need to go through the regulatory approval process and those are really the key

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