Business
Uniti (ASX:UWL) share price pushes higher after announcing another new acquisition // Motley Fool Australia
The Uniti Group Ltd (ASX: UWL) share price is pushing higher on Tuesday morning.
At the time of writing, the growing telecom company’s shares are up 2% to $1.61.
Why is the Uniti share price pushing higher?
Investors have been buying the company’s shares after it announced a new acquisition.
According to the release, Uniti has entered into a binding agreement to acquire 100% of the issued capital of specialist broadband Retail Service Provider (RSP), Harbour ISP.
Harbour is a fast-growing RSP, specialising in the delivery of retail broadband services to greenfield housing estates and multi-dwelling unit (MDU) developments.
At present, the ISP has more than 30,000 broadband customers nationwide. Uniti notes it also has a…
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