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Windstream Holdings, Inc. (WIN)

  • Thu, May 21, 6:04 PM
    • Giving some key hope to suitors for Time Warner Cable not named Comcast (NASDAQ:CMCSA), FCC Chairman Tom Wheeler placed individual calls to various cable execs -- including TWC's Rob Marcus and Charter's Tom Rutledge -- to say the agency's not against any and all deals just because it kiboshed Comcast's, The Wall Street Journal is reporting.
    • Wheeler reportedly wanted to clarify the FCC stance amid industry confusion about just how much consolidation it would support, and said that each potential deal would be judged on its merits.
    • Wheeler did express that he's like to see more competition from companies that traditionally haven't battled in the same geographies, and encouraged the prospect of cablecos "overbuilding" into each other's service areas, according to the WSJ.
    • With TWC looking like the key catch, its stock has risen 8.9% over the past month.
    • Consolidation prospects: TWC, CHTR, OTC:ATCEY, CVC, CTL, FTR, WIN, FRP, CBB
    | Thu, May 21, 6:04 PM | Comment!
  • Oct. 1, 2014, 6:15 PM
    • Windstream (NASDAQ:WIN) has bought Business Only Broadband, a provider of fixed wireless broadband services in Chicago, NYC, North Jersey, and Milwaukee. Terms are undisclosed.
    • The company plans to "expand the Business Only Broadband network into additional markets beginning in 2015." A map of Windstream's fiber network shows plenty of potential locations.
    • Windstream's business revenue rose fractionally Y/Y in Q2 to $749M, as voice customer losses offset data growth.
    | Oct. 1, 2014, 6:15 PM | Comment!
  • Jul. 29, 2014, 12:14 PM
    • "I’m skeptical it can be replicated," says Elevation LLC's Stephen Sweeney about Windstream's (WIN +12.9%) REIT spinoff plans. "It’s very unclear if other large cap companies can have their companies viewed by the IRS as real estate."
    • UBS also has its doubts: It thinks AT&T (T +3.3%) and Verizon (VZ +1.8%) would have to open up their networks to rivals if they were spun off into REITs, something it doesn't think the carriers will be keen on doing.
    • Oppenheimer's Tim Horan is more positive, albeit while cautioning Windstream's spinoff isn't a done deal. "If successful with this restructuring, and there are obviously high regulatory barriers, this will be a game changer for the valuation of non-REIT infrastructure stocks in our industry.”
    • AT&T, Verizon, Windstream, Frontier (FTR +11.7%), and CenturyLink (CTL +4.2%) have pared their morning gains a bit amid volatile trading on very heavy volumes. AT&T has seen 66M shares trade vs. a daily average of 19.3M; Frontier has seen 89M trade vs. an average of 6.9M.
    • Enthusiasm about Windstream's spinoff stems not only from the tax benefits provided to REITs - American Tower's tax expense has been halved since it converted into a REIT in 2012 - but also from the potential for spinoffs to spark new M&A activity.
    • Windstream CFO Tony Thomas: "The REIT is going to be uniquely positioned to be in a great spot to help unlock value at other companies ... We have a good understanding of how the REIT opportunity could work in the telecom landscape."
    • Earlier: Telcos soar following Windstream's REIT announcement
    | Jul. 29, 2014, 12:14 PM | 6 Comments
  • Aug. 1, 2011, 8:47 AM
    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.
    | Aug. 1, 2011, 8:47 AM | Comment!
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Company Description
Windstream Holdings, Inc. is a provider of communications and technology solutions, including managed services and cloud computing, to businesses nationwide. It offers broadband, voice and video services to consumers in rural markets.