Uniti group reports q4 revenue of $268.5 mln

. reports fourth quarter and full year 2019 results.q4 adjusted ffo per share $0.48.q4 revenue $268.5 million versus refinitiv ibes estimate of $273.3 million.announces sale of select u.s. towers and enters into ongoing strategic tower arrangement.definitive agreement to sell 486 of 672 u.s. towers for total cash consideration of about $190 million.will enter into a strategic "off-take" tower arrangement with purchaser, a wireless infrastructure provider.uniti group - under "off-take" arrangement will continue to build and sell towers to wireless infrastructure provider at agreed upon price during 2020.uniti has option to extend "off-take" arrangement through 2021.definitive agreement includes a "go-shop" provision."go-shop" period has expired and co is evaluating proposals received.sees full year 2020 revenue $1,116 million to $1,128 million.sees fy 2020 ffo attributable to common shareholders $230 million to $242 million.sees fy 2020 affo attributable to common shareholders $394 million to $406 million.2020 outlook excludes any impact from announced agreement in principle related to windstream reorganization process.
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