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Uniti, a real estate investment trust focused on the telecom industry, is seeing strong demand for small cell fiber-based backhaul from its wireless operator customers.
Kenny Gunderman, CEO and president of Uniti, told investors during its first-quarter earnings call that a large majority of its Uniti Fiber unit’s revenues are from small cell contract wins.
“Uniti Fiber started the year with strong sales, with 88% of the bookings for small cell awards,” Gunderman said during the earnings call, according to a Seeking Alpha transcript. “All four of the national carriers are requesting proposals for small cells and we are in the early innings of this new wireless network architecture.”
Gunderman added that the company foresees strong growth in small cells, particularly as wireless operators migrate to 5G, a technology that will require a denser network of wireless radio nodes to deliver service.
“We expect demand for small cells will grow...