Windstream Communications
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| Type | Public (NASDAQ: WIN) S&P 500 Component |
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| Industry | Telecommunications |
| Founded | 2006 |
| Headquarters | Little Rock, Arkansas, U.S. |
| Key people | Jeffery R. Gardner - President & CEO |
| Products | Advanced Network Communications, including Cloud Computing and Managed Services to businesses nationwide. Broadband, Phone and Digital TV to consumers in rural areas. |
| Revenue | $4.1 billion |
| Employees | 14,500 |
| Website | www.windstream.com |
Windstream Corporation (NASDAQ: WIN) is a provider of US network communications[clarification needed], including cloud computing and managed services[clarification needed], to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas. Windstream has more than $6 billion in annual revenues and is listed on the S&P 500 index. The company's corporate headquarters is in Little Rock, Ark.
The company was formed in 2006 when Alltel's local telephone service merged with Valor Communications Group out of part of GTE (now part of Verizon)'s local telephone business in the Southwestern United States.
Windstream is a partner with Dish Network, offering satellite service to its customers.
[edit] Acquisitions
CT Communications On May 29, 2007, the company announced that it would acquire CT Communications for $585 million. The acquisition would result in an addition of approximately 158,000 access lines and 29,000 broadband customers, nearly doubling the company's presence in North Carolina. The sale closed August 31, 2007.[1][2]
D&E Communications On May 11, 2009, the company announced that it would acquire D&E Communications of Ephrata, Pennsylvania for approximately $330 million. The acquisition will result in an addition of approximately 165,000 access lines and 44,000 high speed internet customers. The acquisition will greatly expand the company's presence in Pennsylvania, including significant expansion of its CLEC presence in seven markets in the state, including State College, PA, home of Pennsylvania State University.[3][4] The transaction closed November 10th, 2009.[5]
Iowa Telecom On November 24, 2009 the company announced that it would acquire Iowa Telecom for $1.1 billion. The acquisition would result in an addition 256,000 access lines, about 95,000 high-speed Internet customers and about 26,000 digital TV customers, adding rural Iowa and Minnesota to the company.[6]
NuVox, Inc. On February 8, 2010 the company acquired Nuvox, a company formed from a merger of Gabriel Communications and Trivergent Communications.[7]
Q-Comm Corporation On August 17, 2010 the company announced that it had entered into a definitive agreement to acquire Q-Comm Corporation in a transaction valued at approximately $782 million. This includes Q-Comm’s wholly owned subsidiaries Kentucky Data Link, Inc. (KDL),[8] a fiber services provider in 22 states, and Norlight, Inc.,[9] a CLEC primarily serving the Midwest. Both KDL and Norlight are based in Evansville, IN. Q-Comm subsidiaries Cinergy MetroNet[10] and nGenX[11] will be spun off as independent companies prior to the close of the deal.[12]
Hosted Solutions In November 2010 the company announced that it would acquire Hosted Solutions for $310 million. Hosted Solutions is a North Carolina-based managed hosting, cloud and colocation provider with a footprint of five datacenters in Cary, Raleigh and Charlotte, North Carolina as well as Boston, Massachusetts.[13]
PAETEC Holding Corp In August 2011, the company announced that it would acquire PAETEC Holding Corp., a Rochester, New York-based telecommunications company. As of December 1st, 2011 this acquisition of Paetec Holding Corp has been completed.[14]
[edit] References
- ^ Windstream Corporation to Acquire CT Communications for $585 Million
- ^ Windstream Grows NC Presence with CT Buy
- ^ Windstream to acquire D&E Communications
- ^ Blog.connectedplanetonline.com
- ^ Investing.businessweek.com
- ^ The transaction is expected to close in mid 2010
- ^ NuVox Acquisition Complete
- ^ KDLinc.com
- ^ Norlight.com
- ^ Cincergymetronet.com
- ^ Ngnex.com
- ^ Windstream to acquire Kentucky Data Link, Norlight
- ^ Windstream acquires Hosted Solutions in $310M deal
- ^ Edwards, Adam. "Windstream Completes Acquisition of PAETEC". Telarus Industry Briefs. http://www.telarus.com/industry/windstream-completes-acquisition-of-paetec.html. Retrieved 1 December 2011.
[edit] External links
- Windstream Communications
- Windstream News Center
- Windstream Internet
- Windstream Business
- Windstream Business Internet
- Windstream Hosted Solutions
- Windstream Yellow Pages
- ValorTelecom.com (archive.org copy)
- Nuvox acquisition
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