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…