Windstream Holdings, Inc.NASDAQ
Windstream Clearly Heading In The Right Direction
Terrier Investing • 12 Comments
Terrier Investing • 12 Comments
Why I'm Buying Windstream This Month
Thu, Nov. 10, 11:41 AM
- Windstream (WIN -1.8%) has spread its Kinetic TV service to North Carolina, rolling it out in 13 communities there.
- That's the fourth market after launches in Lincoln, Ne.; Lexington, Ky.; and Sugar Land, Texas.
- The new deployment covers more than 50,000 residents, and it follows news that Windstream was moving into the state with gigabit Internet service.
- Kinetic runs on the company's 100% fiber network, using Ericsson's Mediaroom platform. It's being offered in a bundle with gigabit Internet for $99/month promotional pricing for the first year.
Mon, Nov. 7, 7:43 AM
- Windstream Holdings (NASDAQ:WIN) agrees to acquire Earthlink Holdings (NASDAQ:ELNK) in an all-stock deal valued at ~$1.1B, including debt, confirming earlier speculation.
- Upon closing, WIN shareholders will own ~51% of the combined company, and ELNK shareholders will own the remaining 49%.
- Under the terms of the deal, ELNK shareholders will receive 0.818 WIN shares for each ELNK share owned, which values ELNK at $5.92/share, a 9% premium to ELNK’s closing price on Nov. 3, the day before merger talks were first reported.
- The companies say they have identified $125M-plus in annual operating and capex synergies that are expected to be fully realized within 36 months of closing.
Mon, Nov. 7, 7:09 AM
Sun, Nov. 6, 5:30 PM| Sun, Nov. 6, 5:30 PM | 5 Comments
Fri, Nov. 4, 10:05 AM
- Dial-up pioneer EarthLink Holdings (NASDAQ:ELNK) is up 11.6% out of the open, and Windstream Holdings (NASDAQ:WIN) up 7.1%, on the report that the two are in talks to merge in an all-stock deal.
- Such a deal would bring together about $1.2B in market capitalization, and have Windstream owning slightly more than half the company, Reuters reports.
- Both companies have wrestled with finding growth, and could achieve better results by saving infrastructure costs together. Windstream's the one with the debt ($4.76B vs. EarthLink's $466M).
- Both companies are set to report earnings on Monday.
Fri, Nov. 4, 7:36 AM
Fri, Oct. 28, 4:09 PM
- Windstream Holdings (WIN -1.6%) today announced the launch of a cloud-based phone solution targeted at smaller businesses.
- Windstream Hosted Communications is powered by Broadsoft and designed to offer enterprise-level phone system capabilities to smaller and medium-sized businesses, it said.
- Among those higher-level features are automatic call routing and secure desktop sharing across devices.
Thu, Oct. 27, 2:02 PM
- The FCC split on party lines again today in adopting tough new privacy regulations on broadband Internet providers, rules that require an opt-in before sharing most customer data.
- That could present a problem growing advertising for big providers including Comcast (NASDAQ:CMCSA), Charter (NASDAQ:CHTR), AT&T (NYSE:T) and Verizon (NYSE:VZ).
- The vote passed 3-2 with strong dissents from the panel's two Republican commissioners. More public information (names, addresses) will be treated leniently, but providers will need to ask permission before sharing more sensitive data (like phone-tracked location, or sites visited and apps used).
- The new rules, while scaled back, have drawn heavy criticism from cable/telecom and advertising sectors, with companies that fret that the move will restructure the Internet's free-content approach.
- Other players: OTCPK:ATCEY, FTR, CTL, WIN, S, TMUS, CCOI
Thu, Oct. 13, 7:18 PM
- Windstream (WIN +1%) says its wholesale unit will provide optical Wave services to ManagedWay in order to connect data centers in Metro Detroit.
- ManagedWay recently announced the opening of a 45,000-square-foot data center in Troy, Mich., which the company notes is situated ideally geographically and technologically (sitting within 500 miles of a high percentage of the populations of the U.S. and Canada).
- Windstream will work to connect that location and a facility in Grand Rapids, Mich.
Tue, Oct. 11, 9:20 AM
- Straight Path Communications (NYSEMKT:STRP), up 7.7% premarket, will see its 39 GHz spectrum used in an expansion by Windstream Holdings (NASDAQ:WIN) of last-mile fixed wireless options in 40 markets.
- Windstream will use point-to-mulitpoint 39 GHz radios from Cambridge Broadband Networks along with Straight Path's market-leading holdings of millimeter wave spectrum in seven markets where it already offers fixed wireless (Chicago, New York City, Boston, Cleveland, Philadelphia, Milwaukee and Little Rock) along with 33 new markets, including Atlanta, Dallas, Miami, Phoenix and Seattle, among others.
- The move follows not long after success with Windstream's VectaStar network in New York City, using Straight Path's 28 GHz spectrum.
Thu, Oct. 6, 12:10 PM
- AT&T (T -0.2%) is testing point-to-point fixed wireless Internet service, a move that could help serve insatiable appetites for bandwidth outside its traditional wireline service area.
- In Minneapolis, the company is trying a millimeter wave technology to get service wirelessly to building rooftops where apartments can draw 100 Mbps connections.
- That would predate work to make faster speeds available through the technology, likely a tier at 500 Mbps, AT&T said. For apartment units, the company is also pushing its DirecTV Advantage solution, offering the TV service to apartments via a single rooftop dish rather than single balcony dishes.
- Beyond Minneapolis, AT&T said it's looking at fixed wireless connections in Boston, Denver, New Jersey, New York City, Philadelphia, Phoenix, Seattle and Washington D.C.
- Google announced a deal to acquire Webpass in June, bulking up its fiber installation efforts by adding the wireless capability to speed deployment.
- Other fixed wireless players: Towerstream (TWER -2.3%); Windstream (WIN -2%).
Fri, Sep. 30, 6:16 PM
- Windstream Holdings (WIN -2.6%) has finished redeeming its outstanding 7.875% senior notes due 2017, it says, and has taken the opportunity to upsize its term loans.
- Under its existing senior secured credit agreement, the company has raised the principal amount of tranche B-6 term loans to $747M from a previous $597M, cutting the interest rate by 100 basis points (to Libor plus 4% per year, minimum Libor 0.75%).
- Proceeds from the $150M incremental loans were used along with its revolving credit to retire $369M in principal of the 2017 notes.
- “As a result of our debt reduction and refinancing activities, we have no maturities until 2019 and have significantly improved 2017 cash interest expectations to approximately $325 million," says Windstream's treasurer, Christie Grumbos.
Wed, Sep. 21, 4:08 PM
- Windstream Holdings (WIN +1.2%) has announced a major expansion of its fiber network in Minneapolis.
- That includes the addition of fixed-wireless infrastructure, Windstream says. The move will connect the company's national fiber network to major data center complexes and commercial buildings in the area.
- The expansion will increase not only footprint but services available to customers, including unified communications, managed services, network security, business continuity, network solutions and cloud services.
- Other cities are part of the company's fiber expansion plans: Charlotte, Nashville, Richmond, Atlanta, Chicago, Philadelphia and Cleveland.
Thu, Sep. 1, 10:48 AM
- Windstream Holdings (WIN +1.2%) has set a major expansion of its metropolitan fiber network in Atlanta.
- The plans include upgrades to fixed wireless as well. The "significant" upgrade affects Downtown, Midtown, Buckhead/Lenox Square, Alpharetta and Roswell, enabling the company's next-gen offerings including "unified communications, managed services, network security, business continuity, network and cloud services."
- Atlanta's not the only metro where Windstream has expansion designs; it's also building out in Charlotte, N.C.; Nashville, Tenn.; Richmond, Va.; Minneapolis; Chicago; Philadelphia; and Cleveland.
Thu, Aug. 25, 6:59 PM
- Windstream Holdings (WIN +1.3%) is bidding with North Carolina to bring its fiber-backed Kinetic TV service to thousands of homes.
- The company has submitted formal franchise paperwork with the secretary of state to offer the service to 50,000 homes mainly across 13 communities in the state.
- That would mark the fourth Kinetic TV launch for the company, which has previously rolled out the service in Lincoln, Neb.; Lexington, Ky., and Sugar Land, Texas.
- The service is based on Ericsson's Mediaroom platform and offers customers HD video with a wireless set top box, whole home DVR, on-demand video and portability across mobile devices.
Fri, Aug. 19, 2:48 AM
- After all the hoopla around Michael Lewis' 2014 book "Flash Boys," IEX will finally launch as a stock exchange today, offering a solution to a problem not everyone agrees exists: Equity markets are "rigged" in ways that favor high-frequency trading.
- It will be a "soft" rollout, with only two stocks - Vonage (NYSE:VG) and Windstream (NASDAQ:WIN) - trading at first. Eight more will be added Wednesday, followed by more on the following Monday, with all symbols trading by September 2.