Uniti Group (UNIT) Climbs 15.8% as 2 Firms Eye Business Assets

Uniti Group Inc. (NASDAQ:UNIT) is one of the 10 Stocks Dominating Today’s Market Surge.

Uniti extended its rally for a third straight day on Tuesday, jumping 15.80 percent to finish at $9.38 apiece, as investor sentiment was bolstered by reports that two technology giants are setting their sights on buying its assets.

According to a report by TMT Finance, T-Mobile US and TPG are looking into acquiring Uniti Group Inc.’s (NASDAQ:UNIT) assets, with the former said to be interested in the kinetic fiber-to-the-home business, while the latter is eyeing the enterprise side.

Another source privy to the matter said that the two could also partner for an offer of full acquisition of the company.

Uniti Group Inc. (NASDAQ:UNIT) has yet to kick off a formal sale process, although it was said to be open to reviewing interests from several parties.

Sale aside, the rally also mirrored an overall market optimism, with Wall Street’s three major indices soaring by 2 to 3 percent during the day.

In other news, Uniti Group Inc. (NASDAQ:UNIT) welcomed on Monday Heather Orrico as president for Enterprise Sales. As the leader of the said segment, she is tasked to guide the enterprise sales approach and support growth efforts across the southeast region of the country.

Orrico boasts of more than 20 years of experience in the telecommunications sector, across engineering, operations, and sales.

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