Windstream continues to expand its presence, particularly when it comes to business/enterprise data infrastructure and services. The telecompetitor announced the completion of its acquisition of Q-Comm Corp., a privately held regional fiber transport and competitive local exchange carrier (CLEC).

The acquisition includes Q-Comm’s wholly-owned Kentucky Data Link Inc. and Norlight, Inc. The former is a fiber services provider with a fiber network that covers some 30,000 fiber route miles in 23 states and the District of Columbia that provides long-haul and metro fiber services to large enterprise, government, education and medical market participants. The latter is a CLEC serving some 5,500 small and medium-sized businesses in Indiana, Kentucky, Tennessee and Wisconsin.

Valued at some $818 million, Windstream ponied up approximately $279 million in cash to acquire Q-Comm, as well as issuing 20.6 million shares of common stock worth approximately $273 million and repaying approximately $266 million of Q-Comm’s net debt. Management said they expect to “achieve annual operating expense and capital expenditure synergies of approximately $25 million,” as a result of the acquisition.

Advertisement

Earlier this week, Windstream announced the completion of its $310 million acquisition of Hosted Solutions, a regional data center provider with operations in North Carolina and Massachusetts.

Join the Conversation

Leave a Reply

Your email address will not be published.

Don’t Miss Any of Our Content

What’s happening with broadband and why is it important? Find out by subscribing to Telecompetitor’s newsletter today.

You have Successfully Subscribed!