Windstream Sells Fiber Assets in MN and NE for $60.5 Million

  • Arvig
  • Windstream
LITTLE ROCK, AR — Windstream, a provider of advanced network communications and technology solutions, announced that it has sold certain fiber assets in Minnesota to Arvig Enterprises, a Minnesota-based provider of telecommunications and broadband services. The all-cash transaction is valued at $49.5 million.

Windstream also announced that it has entered into a definitive agreement to sell additional fiber assets in Nebraska to Arvig for $11 million. The Nebraska sale is expected to close in the first quarter of 2019.

As part of the transactions, Windstream will establish a fiber network relationship with Arvig, allowing Windstream to utilize the assets to continue to sell its products and services in Minnesota and Nebraska.

Monetizing Latent Dark Fiber Assets
“These transactions monetize latent dark fiber assets in Minnesota and Nebraska, lower capital requirements in each state and allow us to focus on our core network offerings with minimal change to our operations going forward. The structure also sets a roadmap for future fiber monetization across our footprint,” said Bob Gunderman, chief financial officer and treasurer for Windstream.

“Expanding our broadband footprint is core to our strategic priorities and bolsters our fiber assets throughout Minnesota and across the Midwest,” said David Arvig, vice president and chief operating officer at Arvig. “The additional Nebraska transaction will provide a critical link for our network beyond Minnesota supporting our continued growth throughout the region.”


Comments

Read what others have to say, and share your own thoughts with the community.

2000 characters remaining
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Speakers – Summit 2019
BBC Washington, DC
2019 Exhibitor List
Multifamily Educational Series
2019 Exhibitor/Sponsor List
2019 Summit Floor Plan
DAY ONE HIGHLIGHTS – 2019
DAY FOUR HIGHLIGHTS – 2019
DAY TWO HIGHLIGHTS – 2019
DAY THREE HIGHLIGHTS – 2019

© 2019 Broadband Properties, LLC

Privacy Policy

Web Design and Web Development by Buildable