Kinetic expands fiber internet to 3,060 locations in China Grove, enhancing connectivity for remote work, gaming, and telehealth.
Quiver AI Summary
Kinetic has completed a multimillion-dollar fiber network expansion project in China Grove, North Carolina, providing reliable high-speed connectivity to an additional 3,060 households and businesses. The $3 million initiative, fully funded by Kinetic, enhances internet accessibility in the community, helping to facilitate remote work, gaming, streaming, agriculture, and telehealth. With this expansion, over 75% of China Grove now has access to Kinetic’s Next Generation Gigabit Internet, earning the designation of a "Gig-Ready" community. The investment is aimed at fostering economic growth, improving educational opportunities, and increasing property values. Kinetic emphasizes its commitment to digital equity and customer satisfaction while also actively hiring in the area. Individuals interested in Kinetic's services or job openings can find more information on their website.
Potential Positives
- Completion of a multimillion-dollar fiber network expansion project, enhancing service to 3,060 additional households and businesses.
- Kinetic established China Grove as a ‘Gig-Ready’ community, signifying that over 75% of the town now has access to high-speed internet.
- The project promotes digital equity and addresses the digital divide, improving access to essential services like telehealth and education.
- Kinetic's investment highlights its commitment to community development and economic growth by facilitating higher business growth and home value increases through improved internet access.
Potential Negatives
- Funding the $3 million project entirely through private capital investment may raise concerns about the company's financial strategy and potential reliance on external funding for future expansions.
- The announcement specifies the town of China Grove is now designated as "Gig-Ready," but doesn't address whether there are any competitive responses or service offerings from other providers that may impact Kinetic's market position.
- While the press release emphasizes the benefits of high-speed internet, it lacks specific metrics on customer adoption rates post-expansion, which may indicate uncertainty about the project's immediate impact on the company's revenues.
FAQ
What is the purpose of Kinetic's fiber network expansion in China Grove?
Kinetic's expansion aims to provide reliable high-speed connectivity to an additional 3,060 households and businesses in China Grove.
How much did Kinetic invest in the China Grove fiber project?
The fiber network expansion project in China Grove was funded by a $3 million private capital investment from Kinetic.
What benefits does fiber internet offer to the China Grove community?
Fiber internet enhances remote work, gaming, streaming, agriculture, telehealth, and boosts local business growth and home values.
What does it mean for China Grove to be designated a 'Gig-Ready' community?
A 'Gig-Ready' designation means that over 75% of the town has access to Kinetic’s Next Generation Gigabit Internet services.
How can residents switch to Kinetic fiber internet?
Residents interested in Kinetic fiber can contact the company at 1-800-347-1991 or visit www.gokinetic.com for more information.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$UNIT Hedge Fund Activity
We have seen 128 institutional investors add shares of $UNIT stock to their portfolio, and 143 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- APOLLO MANAGEMENT HOLDINGS, L.P. removed 4,940,428 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $21,342,648
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- BLACKROCK, INC. removed 1,107,886 shares (-2.6%) from their portfolio in Q2 2025, for an estimated $4,786,067
- JANE STREET GROUP, LLC removed 892,969 shares (-66.8%) from their portfolio in Q2 2025, for an estimated $3,857,626
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND removed 858,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,706,560
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$UNIT Price Targets
Multiple analysts have issued price targets for $UNIT recently. We have seen 2 analysts offer price targets for $UNIT in the last 6 months, with a median target of $6.4.
Here are some recent targets:
- Caleb Stein from Wells Fargo set a target price of $7.5 on 08/07/2025
- Michael Rollins from Citigroup set a target price of $5.3 on 05/16/2025
Full Release
- Project brings reliable high-speed connectivity to an additional 3,060 households and businesses
- Fiber benefits community in remote work, gaming, streaming, agriculture and telehealth
CHARLOTTE, N.C., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Kinetic, a leading residential and business fiber internet provider, announced the completion of a multimillion-dollar fiber network expansion project in China Grove, bringing multi-gig internet speeds to an additional 3,060 locations across the area.
The $3 million project was funded entirely by a private capital investment from Kinetic, underscoring the company’s commitment to delivering the fastest, highest-quality connectivity to the communities it serves.
“We are proud to bring fiber internet and multi-gig speeds to more homes and businesses in China Grove,” said Stacy Hale, president of Kinetic’s North Carolina operations. “We are a long-term, invested partner in this community, and we look forward to how faster connectivity will help grow the economy, open up new opportunities, and enhance the daily lives of all residents.”
Kinetic’s newly placed fiber-optic cables, paired with its already existing fiber network in China Grove, brings high-speed internet to the majority of the town. As a result, China Grove is now officially recognized as a Kinetic ‘Gig-Ready’ community , meaning more than 75% of the town has access to Kinetic’s Next Generation Gigabit Internet.
High-speed internet is a necessity in today’s world, facilitating remote work, bolstering local businesses, enhancing educational opportunities, and improving access to telehealth services. Research says that communities with fiber experience 213% higher business growth, 10% higher self-employment and 14-17% increase in home values.
“This project helps create digital equity and bridge the digital divide, offering individuals and communities better access to the internet. Our fiber-optic network is designed to offer speeds that enhance daily life, better support remote work, bolster local businesses, enhance educational opportunities, improve access to telehealth services, and more,” said Hale.
Kinetic is committed to ensuring customer satisfaction and will actively monitor service performance while encouraging user feedback to make any necessary adjustments and improvements. Kinetic is also actively hiring in the communities it serves; for a list of current openings, visit https://careers.uniti.com/ .
Residents interested in switching to Kinetic fiber internet and current customers who are interested in multi-gig capable speeds are encouraged to contact Kinetic at 1-800-347-1991 or visit www.gokinetic.com .
About Kinetic:
Kinetic, a business unit of Uniti (NASDAQ: UNIT), is a premier insurgent provider of multi-gigabit fiber internet, whole-home Wi-Fi, internet security, and voice services in 1,400 markets across 18 states in the Southwestern, Southeastern, Midwestern and Northeastern U.S. Additional information about Kinetic is available at
gokinetic.com.
Media Contact:
Megan Krtek
[email protected]
