Uniti Group to Acquire OptiComm Limited and Upgraded Earning Guidance

  • Jun 15, 2020 AEST
  • Team Kalkine

Uniti Group Limited (ASX:UWL) has entered into a scheme implementation deed with OptiComm Ltd (ASX:OPC) under which, Uniti shall acquire 100% shares of OptiComm on issue by way of a recommended scheme of arrangement.

The consideration for the acquisition shall be funded through an AU$270 million entitlement offer, AU$150 million new debt facilities and 84.0 million Uniti shares to be issued to OptiComm shareholders.

Moreover, Uniti has upgraded its earnings guidance for FY20, wherein the annualised EBITDA for H2 FY20 is anticipated to be in between AU$37-AU$39 million and annualised Jun-20 exit run-rate is projected in between AU$40.5-AU$41.5 million.

 


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