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Real Estate Investment Trusts
ExpansionJun 3, 2026, 09:31 AM

Kinetic Surpasses 2 Million Fiber Premises Built

AI Summary

Kinetic, a business unit of Uniti Group Inc., announced it has surpassed 2 million fiber premises built across its 18-state service area, marking a significant milestone in its aggressive fiber broadband expansion. This achievement reflects deep investment in rural and suburban communities, with Q1 results indicating 1.94 million premises passed and over 50% of its customer base and revenue now derived from fiber. The company also provisionally secured $184 million in BEAD grants and received several industry recognitions, including "2026 Telecommunications Company of the Year."

Key Highlights

  • Kinetic surpassed 2 million fiber premises built across its 18-state service area.
  • Q1 results showed approximately 1.94 million premises were passed.
  • Over 50% of Kinetic's customer base now comes from fiber.
  • Over 50% of Kinetic's revenue now comes from fiber.
  • Provisionally won $184 million in BEAD grants for builds in 7 states.
  • Named the "2026 Telecommunications Company of the Year" (Stevie GOLD/American Business Awards).