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, 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.
Thu, Aug. 11, 8:12 PM
- A new report is giving ammunition to "cord-haver" investors in an increasing high-profile TV industry debate.
- SNL Kagan sees a moderation in the cord-cutting trend, noting the "rate of decline stayed about constant versus the past couple of quarters."
- Meanwhile, at least some key companies are responding to the change: Even as pay TV bundle customers decline, they can see big new residential revenues from upticks in broadband Internet subscriptions.
- The firm forecasts broadband subscriptions will swell by more than 8M over 10 years, hitting 71M (ending up at 1.6 times the video sub numbers). Meanwhile, basic video subscriptions are expected to drop by annual compounded growth rate of 1.5% (to 45.4M by 2026), slower than last year's expected 1.7% decline, SNL Kagan says.
- It expects residential revenues to rise from $108.38B this year to $117.7B in 2016, and contributions from commercial services to push industry revenue from $130.57B today to $140.99B in 2026.
- On the other hand, Jan Dawson at Jackdaw Research warns that more people are cord-cutting than you think, pointing to six straight quarters of Y/Y declines in pay TV subs.
- "I’ve lost track of how many headlines I’ve seen over the last couple of years which posit that cord-cutting is somehow slowing down off the back of a small number of providers’ quarterly results," Dawson says, mainly due to observers focusing on quarterly net adds rather than annual changes, and looking at too small a sample size.
- Cable players have done well lately, but at the expense of telcos -- and even in cable, it's an example of the rich getting richer, with smaller players suffering. And Dish Network (NASDAQ:DISH) is seeing worsening results despite its creation of streaming service Sling TV.
- Cord/no-cord players: CMCSA, CHTR, OTCPK:ATCEY, T, VZ, DISH, FTR, CTL, NFLX, DIS, FOX, FOXA, TWX, CNSL, AMZN, WIN, CCOI
Wed, Aug. 10, 7:47 PM
- Windstream Holdings (NASDAQ:WIN) is deepening a partnership with interconnection firm Cologix, with a new co-location facility in Dallas and plans to wrap one in Columbus, Ohio, in October.
- Windstream already had a presence in Cologix's Minneapolis and Jacksonville, Fla., data centers.
- The Columbus site is strategically located at a convergence point for long-haul and regional fiber networks, while the Dallas location is set up at the city's Infomart with 40,000 square feet of co-lo space.
Wed, Aug. 10, 2:35 PM
- In another victory for broadband Internet providers, a federal appeals court ruled in favor of two states seeking to set limits on municipal broadband networks.
- The FCC had sought to pre-empt state laws that put onerous restrictions on cities' rights to build and expand their own high-speed networks -- which can reduce demand from private-sector Internet service providers.
- The appeals court said the FCC couldn't block Tennessee and North Carolina from restricting cities that were seeking to expand their muni networks.
- Updated 2:45 p.m.: FCC Chairman Tom Wheeler in a statement: "The efforts of communities wanting better broadband should not be thwarted by the political power of those who, by protecting their monopoly, have failed to deliver acceptable service at an acceptable price. The FCC’s mandate is to make sure that Americans have access to the best possible broadband."
- U.S. ISPs/carriers: VZ, T, CMCSA, OTCPK:ATCEY, S, TMUS, WIN, CTL, FTR, CHTR, CCOI
Thu, Aug. 4, 11:38 AM
- Windstream Holdings (NASDAQ:WIN) is holding up today, +0.1%, despite revenues that declined and missed in its Q2 earnings
- The company eked out a profit (of $1.5M) on a GAAP basis, compared to a year-ago loss of $111.2M. Adjusted OIBDAR of $482.2M grew 1% and beat an expected $476.4M.
- Service revenues by segment: Consumer and small business-ILEC, $310.8M (down 1%); Carrier, $159.9M (down 7%); Enterprise, $491.3M (up 3%); Small Business-CLEC, $125.3M (down 12%).
- It affirmed full-year guidance for service revenue of $5.275B-$5.425B and OIBDAR of $1.9B-$1.95B. Capex is seen at $800M-$850M.
- Press Release
Thu, Aug. 4, 7:02 AM
Wed, Aug. 3, 5:30 PM
- AAC, AAON, ACRE, ACTA, AGCO, AGIO, AKRX, ALSK, AMCX, AME, AMRN, ANIP, ANSS, APA, APLP, ARRY, AYR, BBW, BCE, BCRX, BDX, BLL, CBB, CCOI, CHD, CHK, CNNX, CNSL, COT, CPK, CRIS, CRZO, CTB, DNR, DUK, DW, ELOS, EPAM, ESNT, EVA, FMSA, GLDD, GLOG, GOGO, GTN, HAR, HGG, HII, HL, HMHC, HRC, HSC, HSIC, HSNI, ICPT, IMGN, IOC, IPCC, IRM, IT, ITCI, ITT, K, KOP, LBY, LFUS, LGND, LIOX, LPX, LQDT, LXRX, MFC, MGM, MGP, MITL, MMS, MNTA, MPEL, MPG, MPW, NAO, NERV, NGS, NOK, NSAM, NXTM, OGE, OMAM, OMF, ORBC, PBH, PCRX, PGNX, PGTI, PH, PLUG, PPP, PRFT, PRIM, PRTY, PWR, QSR, RDUS, REGN, RFP, RGEN, RLGY, ROLL, RVLT, RWLK, SBH, SEAS, SFM, SGM, SHLX, SNR, SPAR, SPH, SRE, SSTK, SSYS, STFC, STOR, STWD, TDY, TEVA, THS, TICC, TIME, TK, TNK, TOO, TSEM, TVPT, TWI, UAM, UNT, USAC, USCR, VIAB, VLP, VWR, WIN, WPC, WRK, XLRN
Wed, Aug. 3, 9:33 AM
Mon, Jul. 25, 6:48 PM
- The telecom sector has usually offered investors some solid dividend payers, but a separation in network quality between the top and smaller competitors is putting some dividends at risk.
- Three regional telecoms make Roger Conrad's "Endangered Dividends List" -- CenturyLink (NYSE:CTL), Windstream Holdings (NASDAQ:WIN) and Communications Sales & Leasing (NASDAQ:CSAL). They've got cash flow to cover payouts now, but profit margins keep shrinking.
- Windstream had effectively slashed its dividend nearly a year ago with the spinoff of CSAL, he says, and CenturyLink gave investors a 25%-plus haircut three years ago.
- Only five of 22 telecoms he looked at pay a higher dividend today than they did five years ago: AT&T (NYSE:T), Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), Shenandoah Telecommunications (NASDAQ:SHEN), and Telephone & Data Systems (NYSE:TDS).
- CenturyLink might be first to make a cut, he says, as it's rolling over $1.35B in debt this year and faces heavy annual maturities from 2020-2025.