Thursday, 08 December 2016

Windstream spins off network assets into REIT

By Mary Lennighan, Total Telecom
Wednesday 30 July 14

U.S. telco pledges to invest in network expansion, take part in M&A once it has spun off its copper, fibre lines.

Windstream this week announced plans to spin off network and real estate assets into a publicly-traded REIT in order to pay down debt and invest in its network. The U.S. telco said its board of directors approved the plan after the Internal Revenue Service (IRS) gave it the go-ahead to proceed. It expects the spin-off to take place in the first quarter of 2015…

Windstream this week announced plans to spin off network and real estate assets into a publicly-traded REIT in order to pay down debt and invest in its network. The U.S. telco said its board of directors approved the plan after the Internal Revenue Service (IRS) gave it the go-ahead to proceed. It expects the spin-off to take place in the first quarter of 2015…

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