Davis Polk advised Uniti Group Inc. in connection with an underwritten public offering of 19,528,302 shares of its common stock. Uniti intends to use the net proceeds from the offering to fund a portion of the cash consideration payable in connection with the acquisitions of Southern Light, LLC and Hunt Telecommunications, LLC. If such acquisitions are not completed, Uniti will use the net proceeds for general corporate purposes, which may include, among other things, working capital and other acquisitions.

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a provider of wireless infrastructure solutions for the communications industry. Uniti owns 4.2 million fiber strand miles, 468 wireless towers, and other communications real estate throughout the United States and Latin America as of January 31, 2017.

The Davis Polk corporate team included partner Michael Kaplan and associates Alice Z. Chen, John H. Runne and Rahim Manji. The tax team included partner Michael Mollerus and associates Anne E. McGinnis and Jonathan Atkins. All members of the Davis Polk team are based in New York.

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