Windstream announced its acquisition of Lexcom is now complete. Lexcom is a Lexington, NC based ILEC with approximately 23,000 access lines, about 9,000 high-speed Internet customers and about 12,000 cable TV customers. Windstream purchased Lexcom for $141 million in September 2009.
Lexcom is one of many telecom properties purchased by Windstream in the past few months. Others include D&E Communications, NuVox, and most recently, Iowa Telecom. According to Windstream, Lexcom generated $44 million in revenue, $15 million in operating income and $23 million in operating income before depreciation and amortization (OIBDA) in the twelve months ended Sept. 30, 2009.
