Uniti and Windstream Merger Announcement

Written by Uniti Fiber

July 17, 2024

 

Kenny Gunderman, Uniti CEO:
“We
are extremely excited to bring together two great Arkansas companies to create a national fiber powerhouse. This new company is going to have close to 220,000 route miles of fiber across 46 states. That makes us the largest independent fiber provider in the country. We’ll have 10 million strand miles of fiber. Because of that capacity of that network, and because of the quality of the network and their liability of the network, some of the biggest and most important companies in the world are our customers. Verizon, AT&T, T-Mobile, Google, Amazon, Meta, Microsoft, and we’re very proud of those customers. We’re most proud of our local schools, hospitals, first responders, our great United States military as a customer and the millions of homes and small businesses around the country.

There’s no fiber network besides Uniti that has a deeper reach into rural America than ours. The pace of innovation is dramatic, and without fiber connectivity, you cannot keep up. For those reasons, plus many others, we’re super excited about this deal. I want to say thank you to the roughly 10,000 employees of this combined company. Representing Windstream today, we’ve got Kristi Moody, the Executive Vice President and General Counsel. Mary Michaels, the head of HR, and David Avery, head of Government Affairs. We’re really excited to be working together as colleagues and friends. With that, Governor Sanders, we look forward to your comments.”

Sarah Huckabee Sanders, Arkansas Governor:
“Like
I said, it’s a pleasure and a privilege to be here to celebrate the newest and biggest chapter in Uniti and Windstream’s histories. This is a great day here in Arkansas. We take pride in companies that exist, that provide good paying jobs to hardworking Arkansans all across the state, and I know that we are all excited that one of our biggest is staying right here in Little Rock. The network is invaluable when you’re building a business, and it’s why our city and our state constantly punch above our weight. I want to give a big thank you and a shout-out to you and the entire team that have brought us here together and everyone at the two companies who have helped make this merger successful.

I think there are very big things in store, not just for this business but our entire state because of examples like this. Anybody can look at Arkansas and see what we are capable of and what can be done here, so thank you for your leadership, thank you for this incredible opportunity, and thank you for continuing to commit and investing right here in Arkansas. Thanks for being here with us today.”

Frank Scott Jr., Mayor of Little Rock, Arkansas:
“We’re
here today at Uniti, as we just announced the merger between Uniti and Windstream now creating a fiber powerhouse in these United States of America, led by my dear friend Kenny Gunderman. We want to wish you all a great success, but most importantly, thank you for choosing Little Rock. You’re growing here and you’re transforming our city and the state’s capital city, and we’re very grateful for that.”

Leslie Rutledge, Lieutenant Governor of Arkansas:
“I
could not be more excited about the Uniti-Windstream merger, great Arkansas companies that now the rest of America is going to get to experience by bringing fiber right into your home, that connectivity that we can’t replace, and in today’s world, it’s imperative to success and to live in the American dream. Just like Kenny Gunderman and the rest of the Uniti-Windstream team we’re excited about through leadership, excited to bring fiber right to you.”

Jennifer Ragsdale, Uniti SVP, Chief Administrator Officer:
“It’s
been a fantastic day, we are beyond excited for this merger. Uniti Group has been named a great place to work for seven consecutive years, and we were just named Arkansas Businesses Best Workplace. We’re excited to merge with Windstream and expand everything we’ve learned here and everything they’ve learned there to make this the best company for all of our 10,000 employees.”

Sarah Huckabee Sanders, Arkansas Governor:
“I
am so excited about what is happening here at Uniti and the merger of two great companies. We know that this will continue to be another great Arkansas success story, something we’re really proud of, we know what it means, not just to central Arkansas, but our entire state, and excited to see what this will continue to do in the future.”

 

For more info visit: www.unitireimagined.com

*The testimonial transcript has been edited from the original video content to provide an improved reading experience.
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Kenny Gunderman
President - Chief Executive Officer
Kenny Gunderman

Kenny Gunderman is president and chief executive officer of Uniti Group Inc. He has 20 years of experience in the telecommunications industry and is focused on growing Uniti’s real estate portfolio of mission critical communications infrastructure. He has prior experience at Stephens, Lehman Brothers and KPMG. He currently serves on the board of the Arkansas Game and Fish Foundation, the Hendrix College Board of Trustees, and the NAREIT Board of Governors. Gunderman holds a Bachelor of Arts degree from Hendrix College and an MBA from Yale.

Paul Bullington
Treasurer - Chief Financial Officer
Paul Bullington

Paul Bullington is the chief financial officer and treasurer of Uniti Group Inc., previously serving as senior vice president of Strategic Operations for Uniti Fiber. Until its acquisition by Uniti in 2017, he served as the CFO of Southern Light, a position he held since the company began operating in 2001. During his time as CFO, the company was named one of the “5,000 Fastest Growing Companies in America” by Inc. Magazine for nine consecutive years.

Bullington also has prior experience at Accenture and Royal Cup Coffee. He currently serves on the board of Eastern Shore Repertory Theatre and is a former director of First Community Bank in Alabama. Bullington holds a Bachelor of Science degree from Birmingham-Southern College and an MBA from The University of Chicago Booth School of Business.

Daniel Heard
EVP - General Counsel and Secretary
Daniel Heard

Daniel Heard is an executive vice president, general counsel and secretary for Uniti. Heard is responsible for the company’s legal affairs and corporate governance.

Heard previously was a partner in the law offices of Kutak Rock LLP in Little Rock, Arkansas.

At Kutak Rock, Heard represented public companies in corporate, securities and merger and acquisition transactions. His clients comprised a wide range of industries, including telecommunications, information technology and food processing. He has extensive experience in negotiating, structuring and consummating mergers and acquisitions, public offerings of debt and equity securities and other corporate finance transactions.

Heard graduated from the William H. Bowen School of Law at the University of Arkansas at Little Rock and has a Bachelor of Arts from the University of Central Arkansas.

Michael Friloux
EVP - Chief Technology Officer
Michael Friloux

Michael Friloux is an executive vice president and the chief technology officer of Uniti. He has over 30 years of telecommunications and information systems technology experience and is focused on future proofing Uniti’s information technology systems.

Friloux previously was chief executive officer and president of PEG Bandwidth where he led the wireless backhaul provider through a time of rapid expansion serving 2,400 cell towers over a 15,000 route mile network through 16 states.

Prior to joining PEG Bandwidth, Friloux served as president and chief operations officer for Citynet Fiber Networks where he developed the company into a leading regional wholesale carrier network spanning 13 states and 8,000 route miles.

Friloux started his career as a software engineer for Sabre Computer Services (American Airlines.)

He holds a Bachelor of Science degree from Oklahoma State University.

Jennifer Ragsdale
SVP - Chief Administrative Officer
Jennifer Ragsdale

Jennifer Ragsdale is senior vice president and chief administrative officer at Uniti, a Certified Great Places to Work company. Ragsdale oversees Uniti’s customer experience management, human resource efforts, diversity and inclusion programs, and leads execution strategy to create a culture of high performance.

Prior to joining Uniti, Ragsdale spent more than a decade in the human resources field, building and executing programs to drive operation strategies and organizational transformation.

Ragsdale is a certified professional in Human Resources (PHR), a SHRM certified Human Resources Professional (SHRM-CP) and is certified in Diversity and Inclusion in HR Management. Ragsdale previously served as the president of the Central Arkansas Human Resources Association. She holds a Bachelor of Arts degree from the University of Central Arkansas.

Ric Chura
SVP - Chief Information Officer
Ric Chura

Ric Chura is the senior vice president and chief information officer for Uniti. He previously served as Vice President of Information Technology at PEG Bandwidth, which was acquired by Uniti in 2016. He is responsible for setting Uniti’s cybersecurity strategy, technology governance and compliance and has led the integration of the multitude of companies acquired by Uniti.

Chura has over 20 years of experience in telecommunications industry working at Cap Gemini Ernst & Young, Predictive Systems, Callisma and FiberTower, a startup telecommunications backhaul provider. He has completed the Program on Negotiation from Harvard University and holds a Bachelor of Science, Mechanical Engineering degree from Iowa State University.

Ronald J. Mudry
SVP - Chief Revenue Officer
Ronald J. Mudry

Ron Mudry is Chief Revenue Officer of Uniti Group Inc. and President of Uniti Leasing. In this role, Mudry is responsible for Uniti’s growth opportunities across its fiber and wireless infrastructure segments. He is also responsible for Strategy and Corporate Development.

Mudry leads Uniti’s sales and business development initiatives which include providing fiber based services to wireless carriers, wireline carriers, hyperscalers, content companies, cable MSOs and other wholesale customers. Mudry previously served as President of Sales and Business Development at Uniti Fiber.

Mudry has over 30 years of experience in the telecommunications industry and was the founder of two start-up fiber operating companies that grew to become leaders in their industry segment. He joined Uniti in 2016 following the acquisition of Tower Cloud, a company he founded in 2006, that was a leader in fiber, small cell and cell site backhaul services in the Southeast, U.S. Earlier in his career, he founded Progress Telecom (formed in 1998) and before that spent 15 years with GTE Corporation (now Verizon) where he held key management positions in finance, sales and marketing, international operations, treasury, strategic planning, and mergers and acquisitions.

Mudry serves on the Board of Directors and Executive Committee of INCOMPAS, a telecommunications industry association.

Mudry holds a Bachelor of Science degree with a major in finance from the University of Michigan and an MBA from the University of Tampa.

Travis Black
VP - Chief Accounting Officer
Travis Black

Travis Black is the chief accounting officer of Uniti Group Inc. In his current role, Travis leads a team of over 40 employees and is responsible for the company’s financial accounting, external reporting and financial compliance activities. Additionally, Travis oversees the company’s technical accounting matters, including merger and acquisition transactions and critical accounting estimates.

Travis has been with Uniti Group since 2015, and previously served as the Director of Financial Reporting. He began his career at FedEx, and he has over 18 years of experience in financial accounting and reporting for public companies. Travis holds a Bachelor of Science degree in Business Administration from the University of Tennessee and an MBA from the University of Memphis. He is also a Certified Public Accountant.

Andy Newton
President—Uniti Fiber
Andy Newton

Andy Newton is president of Uniti Fiber where he stewards Uniti’s efforts to design, build and operate its fiber network infrastructure.

Newton was the co-founder of Southern Light, and for the previous 19 years served as its president and chief executive officer where he led the overall operations, strategic guidance and culture of the company. Under his direction, Southern Light grew to become one of the top 10 largest pure fiber optic providers in the country.

Newton received an Economics degree from Birmingham Southern College and enjoys providing leadership to non-profits that focus on education and community planning and development.

Bill DiTullio
Vice President - Investor Relations
Bill DiTullio

Bill DiTullio has over 10 years of investor relations experience, joining Uniti’s investor relations team in 2017. Bill was promoted to Vice President of Investor Relations and Finance in August of 2019. Bill originally joined Uniti through the acquisition of PEG Bandwidth in 2016, and has held several various finance roles within the organization. Prior to joining the Company, Bill served as Sr. Investor Relations Analyst at Comcast Corporation. Before that, Bill worked as an associate equity analyst at Boenning & Scattergood. Bill began his early career working for Prudential Financial in several accounting and finance roles.

Bill holds a Master of Business Administration degree from Temple University and a Bachelor of Science degree in finance and accounting from Villanova University.