Windstream Corp. (WIN) on Monday said that it has closed its acquisition of NuVox, Inc., a privately held competitive local exchange carrier based in Greenville, S.C., for approximately $647 million.
The company issued about 18.7 million shares of its common stock valued at approximately $187 million, based on Windstream's closing stock price on Feb. 5, 2010, and paid about $280 million in cash as part of the transaction.
Also, Windstream repaid approximately $180 million of NuVox's total outstanding net debt. Windstream financed the acquisition through proceeds from a debt offering in December.
Windstream estimates the transaction will be accretive to free cash flow and lower the company's dividend payout ratio in the first full year after expected annual synergies of approximately $30 million in operating expenses and capital expenditure savings.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.