Windstream to acquire NuVox
Windstream to acquire NuVox
• Advances strategy to grow broadband and business revenues, which will represent more than half of total revenue after the transaction closes
• Drives free cash flow accretion in first full year through $30 million in annual expense and capital savings and lowers dividend payout ratio
• Adds approximately 90,000 business customers in complementary markets in 16 states across the Southeast and Midwest
Release date: Nov. 3, 2009
LITTLE ROCK, Ark. - Windstream Corporation (NYSE: WIN) announced today that it has entered into a definitive agreement to acquire NuVox, Inc., a privately held competitive local exchange carrier based in Greenville, S.C., in a transaction valued at approximately $643 million. more
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Related Topics: Independent, Connected homes, FTTX, Access, Broadband, Other |






