Uniti Group Inc. and Macquarie Infrastructure Partners Complete Acquisition of Bluebird Network

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

 Uniti Group Inc. announced the closing of its previously announced sale-leaseback and fiber acquisition with Bluebird Network, LLC through an OpCo-PropCo partnership with Macquarie Infrastructure Partners.  At closing, Uniti acquired approximately 178,000 fiber strand miles in the Midwest across Missouri, Kansas, Illinois, and Oklahoma.  In addition, Uniti completed the sale of its Uniti Fiber Midwest operations to MIP, while Uniti retains ownership of its existing Midwest fiber network.  Uniti is leasing the Bluebird fiber network and its Midwest fiber network, on a combined basis, to MIP under a long-term triple net lease.

Total consideration for the fiber network of Bluebird is US$319 million, of which US$175 million is funded by Uniti in cash and US$144 million in upfront lease payments from MIP. In connection with the sale of the Company’s Midwest operations, Uniti received total additional cash consideration of approximately US$37 million, including related prepaid rent.

List of the country updates

Country updates

  • September 04, 2019

    Preliminary Shortlist for $700M Civic Center P3 in LA

    The City of Los Angeles (USA) is taking an important next step in the procurement of its Civic Building Project under the P3 scheme. 

    Read more
  • September 04, 2019

    Ontario Teachers’ Pension Plan (OTPP), Alphabet launches Sidewalk Infrastructure Partners (SIP)

    Ontario Teachers’ Pension Plan (OTPP) has announced the new partnership with Google's parent company, Alphabet, forming Sidewalk Infrastructure Partners (SIP.) SIP is a new company that wil...

    Read more
  • September 02, 2019

    RFP launched for development of storm-water detention ponds in Saint Albans

    The town of Saint Albans in Vermont, USA, has launched a request for proposals for the development of two storm-water detention ponds project. The project includes works of rehabilitati...

    Read more
  • September 02, 2019

    Alabama cancels $2B Toll Bridge P3

    The Government of Alabama has removed the US$2B Interstate 10 Mobile River Bridge and Bayway project from its 2023 Transportation Improvement Plan. 

    Read more
  • September 02, 2019

    Alabama government cancels I-10 Mobile River Bridge and Bayway widening project

    The Government of Alabama has canceled the transport plan for the state after the Eastern Shore Metropolitan Planning Organization has voted not to include the Interstate 10 Mobile River Bri...

    Read more

Share this update