Uniti Group, Windstream Are Closing in on $15 Billion Combination

Uniti Group Inc. is in advanced talks to reunite with telecommunications provider Windstream in a merger that could be valued at up to $15 billion, including debt, according to people familiar with the matter. Uniti rose as much as 13%.

The companies — whose separation a decade ago led to Windstream’s bankruptcy — could announce a merger within a week or so, said the people, who asked to not be identified because the details aren’t public. Nothing has been finalized and it’s possible the timing could change or talks could fall through, the people added.