Tower owner Uniti gains stock market share following news of merger talks with Windstream

A closeup of a Windstream wind turbine with some electrical towers on a hill during sunset.

Marvin Samuel Tolentino Pineda/iStock via Getty Images

United Tower Owner (NASDAQ:UNIT) increased by 5.5% in after-hours trading on Friday, amid a report that it is in talks to merge with telecommunications provider Windstream.

The companies are reportedly negotiating an equity deal in which Uniti (UNIT) would remain publicly tradedBloomberg report

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