Uniti Group recently announced its intention to acquire OptiComm. Both the entities were listed on ASX as recently as 2019. The acquisition will cost $532mn, the funds for which will come from a $270mn entitlement offer, $125mn worth shares to OptiComm shareholders and a three-year $150mn debt facility. The acquisition supports Uniti’s vision of accelerated buying of infrastructure, expanding fibre products and long-term sustainable organic growth.

Contents

Key Takeaways

Introduction

Current assets of Uniti and OptiComm

Competition with NBN

Implications of this acquisition

List of charts/tables

Figure 1. Uniti’s acquisitions in 2019

Figure 2. Key financials and infrastructure of Uniti and OptiComm for 1HFY20

Figure 3. Map of OptiComm’s infrastructure

Figure 4. NBN premises passed (000’s)

Figure 5. NBN and non-NBN fixed wireless subscribers in Australia

Figure 6. Uniti’s residential fixed wireless plans