| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
43 |
| Employees |
13,434 |
| Revenues (TTM) (Millions $) |
4,895 |
| Net Income (TTM) (Millions $) |
-567 |
| Cash Flow (TTM) (Millions $) |
-253 |
| Capital Exp. (TTM) (Millions $) |
992 |
Business Description
Windstream Holdings Inc is a publicly-traded telecommunications company based in Little Rock, Arkansas. The company's operations are primarily focused on providing broadband, voice and network communications services to customers in rural areas of the United States.
Windstream Holdings Inc was founded in 2006 through a spinoff from Alltel Corporation. The company operates as a holding company with several subsidiaries, including Windstream Services, Windstream Kinetic, and Windstream Fiber.
The primary products and services offered by Windstream include high-speed internet, voice and data services, virtual private network (VPN) services, cloud computing, and managed network services. Windstream's customer base includes both residential and business customers, with a significant emphasis on serving rural communities.
Windstream Holdings operates in 18 states predominantly in the Midwest, Southeast and Northeast portions of the United States. The company's coverage spans over 880,000 miles of fiber and various partnerships which allow them to deliver services to smaller towns and cities.
Over the years, Windstream has expanded its offerings through strategic acquisitions to boost its capabilities and add more geographical locations to its service areas. They acquired EarthLink in 2017, Broadview Networks in 2017, and Hosted Solutions in 2010. The company's Infrastructure as a Service (IaaS) offerings have been strengthened with previous acquisitions of cloud provider eSecure, hosted IT infrastructure provider Hosted Solutions and data center provider Paetec.
In February 2019, Windstream Holdings filed for Chapter 11 bankruptcy. The company announced its plans to restructure and reduce its debt load, while continuing to offer services to customers unaffected by the bankruptcy proceedings. As of November 2021, the company emerged from bankruptcy protection after cutting over $4 billion in debt and decreased its annual interest payments.
Today, Windstream Holdings Inc is led by CEO and President Tony Thomas who held the same position prior to the company's bankruptcy filing. The company has over 10,000 employees and is committed to providing competitive telecommunication solutions for rural areas.
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