In an effort to build out its network, Windstream (WIN) buys broadband provider Paetec (PAET)...

|About: Windstream Holdings, Inc. (WIN)|By:, SA News Editor

In an effort to build out its network, Windstream (WIN) buys broadband provider Paetec (PAET) for around $2.3B by assuming $1.4B of Paetec's debt and purchasing the remainder in an $891M stock swap. The deal will not only add to Windstream's fiber-optic route structure, it also allows the company to use Paetec's tax benefits to offset future profits. WIN -1.4%, PAET +16% premarket.