Telecoms infrastructure play Uniti Group has pressed pause on merger and acquisition activity for now, says chief executive Mick Simmons, after a year where it spent nearly $700 million on buyouts that fuelled rapid share price growth and an entrance into the S&P/ASX 200 index in the June re-balance.
“I’m not saying we won’t engage in M&A going forward, but the bar is so much higher now,” Mr Simmons said. Janie Barrett
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
