Uniti Said in Merger Talks With Telecom Provider Windstream (1)

Uniti Group Inc. is in talks to merge with telecommunications provider Windstream, according to people with knowledge of the matter.

The parties are discussing a stock-based transaction in which Uniti would remain publicly traded, said one of the people, who asked not to be identified discussing confidential information.

An agreement hasn’t been reached and talks could end without one, the people added. Representatives for Uniti and Windstream declined to comment.

Shares of Uniti had fallen 12% to $5.10 each this year through the close of regular trading Friday, giving the company a market value of about $1.2 billion. The ...