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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 traded A Bloomberg report Friday, citing people familiar with the matter. No agreement has been reached and the discussions could end without an agreement.
Representatives for Uniti and Windstream declined to comment to Bloomberg.
Uniti (UNIT), which was once part of Windstream, has a market capitalization of $1.2 billion.
Uniti (UNIT) will report fourth-quarter results on February 29.