Windstream Holdings

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Template:Short description Script error: No such module "Infobox".Template:Template otherTemplate:Main otherScript error: No such module "Check for clobbered parameters".Script error: No such module "Check for unknown parameters". Windstream Holdings, Inc., trading as Windstream Communications is a provider of voice and data network communications to businesses across the United States.[1] Under the Kinetic brand, it offers broadband, phone and digital streaming TV services to consumers within its coverage area. It is Template:When the ninth largest residential telephone provider in the country[2] with service covering more than 8.1 million people in 21 states.[3][4][5]

History

Valor Telecom was formed in 2000 to take over GTE Southwest assets that Verizon was selling following its acquisition of GTE.Script error: No such module "Unsubst". In 2006, Windstream Corporation was formed through the spinoff of Alltel's landline business and merger with Valor.Script error: No such module "Unsubst".

In 2007, Windstream purchased CT Communications for $585 million adding 158,000 access lines and 29,000 broadband customers.[6][7]

The 2009 acquisition of D&E Communications of Ephrata, Pennsylvania for $330 million added a further 165,000 access lines and 44,000 broadband customers.[8][9][10]

The next year's purchase of Iowa Telecom for $1.1 billion added 256,000 access lines, 95,000 broadband customers, 26,000 digital TV customers and a presence in rural Iowa and Minnesota.[11]

In 2010, the company acquired Nuvox, previously formed from a merger of NuVox Communications, NewSouth Communications, FDN Communications,[12] Gabriel Communications and Trivergent Communications.[13]

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),[14] a fiber services provider in 22 states and Norlight, Inc.,[15] a CLEC primarily serving the Midwest. Both KDL and Norlight are based in Evansville, IN. Q-Comm subsidiaries nGenX[16] and Cinergy Metronet[17] will be spun off as independent companies prior to the close of the deal.[18]

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.[19]

In 2011, the company acquired PAETEC Holding Corp., a Rochester, New York telecommunications company.[20]

On April 24, 2015, Windstream announced that it had completed the tax-free spinoff of "select telecommunications network assets," into Communications Sales and Leasing Inc. (CS&L). In 2016, Windsteam sold its remaining shares in CSAL.

In 2016, Windstream announced a merger with EarthLink.[21][22]

On April 13, 2017, Windstream announced that it would acquire Broadview Networks for $227 million.[23]

In 2019, the U.S. District Court of the Southern District of New York ruled that Windstream had defaulted on bond payments and its stock value fell by 60%.[24] It filed for Chapter 11 bankruptcy in response to a judgment against the company for $310 million.[25][26]

In 2020, Windstream emerged from bankruptcy as a privately held company, having reduced its debt by over $4 billion.[27]

In May 2024, Windstream is in potential talks with Uniti Group to merge, scheduled to close in the second half of 2025, pending regulatory agreements.[28]Template:Update needed

See also

References

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External links

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  14. ↑ KDLinc.com Template:Webarchive
  15. ↑ Script error: No such module "citation/CS1".Template:Dead link
  16. ↑ Script error: No such module "citation/CS1".
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  28. ↑ Script error: No such module "citation/CS1".
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