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Uniti Group, Macquarie Infrastructure complete Bluebird acquisition

Communications infrastructure real estate investment trust Uniti Group Inc. and Macquarie Infrastructure Partners Inc. completed the acquisition of telecommunications company Bluebird Network LLC.

The partners paid $319 million for Bluebird's fiber network, including approximately 178,000 fiber strand miles in the Midwest region of the United States across Missouri, Kansas, Illinois and Oklahoma. Uniti also completed the sale of its Uniti Fiber Midwest operations to Macquarie for about $37 million in cash, including related prepaid rent. Uniti will maintain ownership of the existing Midwest fiber network.

Macquarie agreed to a long-term triple net lease for the combined Bluebird and Midwest fiber networks.