8 Feb
NuVox formally joins Windstream; strengthens business Customer focus
Posted in Windstream by Jonathan | No Comments‘Great strategic fit…very strong company’ boosts WIN to 21 states, about $3.7B revenue
Windstream today completed its acquisition of NuVox, Inc., a privately held competitive local exchange carrier based at Greenville, S.C., in a transaction valued at approximately $647 million.
Windstream acquired approximately 90,000 business Customers in complementary markets in 16 states across the Southeast and Midwest, providing the company expanded reach to focus on small and medium business growth opportunities.
The acquisition advances Windstream’s strategy to grow broadband and business revenues, which now represent more than half of the company’s annual revenues – approximately $3.7 billion on a pro forma basis, which includes the acquisitions of NuVox, Lexcom and D&E Communications. Windstream now operates in 21 states and has approximately 8,800 employees.
“NuVox is a great strategic fit for Windstream,” said Pres.-CEO Jeff Gardner. “The NuVox markets are contiguous to our properties and the transaction bolsters our strategy to focus more on the business Customer,” he said, adding, “NuVox is a very strong company that has steadily delivered revenue growth and improved margins. These markets have the potential for good growth opportunities in the future.”
