Verizon's proposed $1.8 billion acquisition of XO Communications-- a deal that will deepen its fiber and millimeter wave wireless spectrum holdings for future 5G wireless deployments-- has hit a speed bump as the FCC has asked the two service providers for additional information.
Windstream's management is making necessary investments in its business to meet consumer and enterprise demand for additional bandwidth, according to the analysts at Jefferies. However, the firm warned that Windstream's legacy business-- in small business ILEC/CLEC, carrier services and regulatory revenue-- will continue to decline for the foreseeable future.
Windstream's Chief Technology Officer Randy Nicklas has left the telco, and his duties will be assumed by three other company executives.
Windstream is now providing its VDSL2-based 100 Mbps service to residential and business customers in more than 1,000 markets following the completion of network upgrades on its last mile network across 15 states.
As a competitive provider, having its own fiber in data centers gives Windstream a weapon to compete against the emergence of new dark fiber providers such as Cleareon entering these facilities.
Windstream is giving its customers another method to get cloud access with its new Cloud Connect solution, reflecting the growing demand from medium businesses to use cloud as an foundation for their IT strategy.
Windstream may have previously sold off its data center assets, but its wholesale unit's ongoing fiber build out to more data centers push shows that it is finding a growing niche in the interconnection business.
Windstream is looking to weed out more legacy services from its portfolio by asking the FCC for permission to discontinue a host of operator assisted services across its ILEC and CLEC territories.
Windstream has established a partnership with BroadSoft to provide a new Virtual PBX and unified communications solution targeting hospitality industry opportunities.
Windstream announced it's transferring about 14.7 million shares-- or about 50 percent of its total retained stock-- of Communications Sales & Leasing (CS&L) common stock to its creditors in order to help pay down debt.