Tuesday, 10 November 2009

Windstream to buy NuVox for $643M

a privately held CLEC serving the southeast and midwest, for $643M, NET acquisition, Windstream to acquire NuVox • Advances strategy to grow broadband and business revenues, but that's not to say it isn't making strategic acquisitions either, The, NC-based CLEC, NuVox had raised nearly $500 million in , Little Rock-based Windstream Corp. on Tuesday said it is buying NuVox Inc, Ratings service Standard Poor's sees the pending Windstream-NuVox merger as a mixed bag, the New York-based agency said when it placed NuVox on CreditWatch positive. telecom industry insiders said the South Carolina-based CLEC was intent on buying larger rival PAETEC, NuVox neither confirmed nor , “NuVox has a strong performance record of growing revenues and improving margins and offers the potential for continued busine! ss growth, The transaction will be accretive to Windstream`s free cash flow in the first full year and lowers . South Carolina CLEC NuVox Communications (see our user reviews) for a cool 3 million. The purchase price is $643 million in cash, Acquisitive telecommunications company Windstream Corp. said Tuesday that it will buy venture capital-backed local exchange carrier NuVox Inc.

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