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News Breaks
July 30, 2014
07:23 EDTWINWindstream upgraded to Neutral from Sell at UBS
UBS upgraded Windstream to Neutral citing the spin-off of its fiber and copper assets into a triple-net lease REIT and balanced risk/reward. Price target raised to $11 form $6.50.
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December 22, 2014
10:01 EDTWINWindstream awarded multimillion-dollar contract by National Weather Service
Windstream announced it has been awarded a five-year multimillion-dollar contract by the National Weather Service (NWS) to deliver high-speed Internet connectivity utilizing Windstream's Ethernet access and transport to regional NWS Weather Forecast Offices, located throughout the country. Windstream will provide fiber optic circuit installation, Internet services and technical support for these select regional offices that currently have limited Internet access. Per the new contract, Windstream will execute the initial circuit build out at the WFO facilities, provide Internet access and equipment, and perform circuit monitoring, maintenance and service restoration as needed.
08:04 EDTWINCyan, Windstream build next generation 100G regional, metro networks
Cyan (CYNI) announced that Windstream (WIN), a provider of advanced network communications headquartered in Little Rock, Ark., has selected Cyan to help upgrade its regional and metro networks to 100G utilizing Cyan’s Z-Series packet-optical hardware. Initial deployments of this new infrastructure are underway with the introduction of a new packet-based 100GbE network across major Windstream markets.
December 18, 2014
07:16 EDTWINWindstream provides update on REIT spinoff
Windstream provided an update on its planned REIT spinoff. Windstream announced it is refining the transaction structure in certain respects to benefit both Windstream and the REIT. Windstream now expects to retain 19.9% of the shares in the REIT and distribute the remaining 80.1% to Windstream stockholders. The retained shares will be sold opportunistically during a 12-month period following the spinoff, subject to market conditions, with the net proceeds used to retire debt.
December 12, 2014
10:41 EDTWINHigh option volume stocks:
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07:02 EDTWINWindstream names Bob Gunderman as CFO
Windstream announced that Bob Gunderman has been named CFO for the company, effective immediately. Gunderman has been serving as interim CFO since Oct. 1. He will retain his current treasury duties while the company conducts a search for a permanent treasurer.
December 11, 2014
17:01 EDTWINWindstream appoints Tony Thomas as CEO
Windstream Holdings announced that Tony Thomas has been appointed president and CEO and a director of Windstream, effective immediately. Thomas succeeds Jeff Gardner, the company's current president and CEO, who will stay on as senior adviser to the CEO and as a member of the board through Feb. 1, 2015, to ensure an orderly transition. Thomas has principally served as Windstream's CFO over the past eight years and most recently as the company's president of real estate investment trust operations.

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