Bloomberg News reported 2 days ago that Windstream and Uniti were working on a revised lease deal:
https://www.thelayoff.com/t/100mqLXV
It sort of sounded like they were making progress.
Friday evening, Windstream filed a motion saying they were far apart. They requested the judge appoint a mediator. They said Uniti concurred in the request:
http://www.kccllc.net/windstream/document/1922312190712000000000110
Windstream said if a deal wasn’t reached, they intended to challenge the lease as not being a true lease but instead just a financing deal.
If Windstream won, some have said it would supposedly put Uniti at the back of the money line with all the rest of the unsecured creditors. Or maybe not. I don’t know what would happen to the actual assets (poles, wires, fiber, etc) and their ownership.
Different parties have said different things at different times in different courtrooms about what that deal is or isn’t. It’s confusing.