Windstream Corp completes acquisition of local service provider

Posted on Friday, June 4th, 2010 at 7:29 pm    

Windstream Corporation has reportedly completed the acquisition of a local exchange operator that provides wire line services in Iowa. The small business is located in Iowa, Missouri and Minnesota.

Windstream announced the $1.2 billion acquisition of Iowa Telecom in November 2009 and the entered a tentative settlement. Some Iowa shareholders filed class action suits to challenge this deal. Windstream is one of the leading rural telecom carriers in the U.S. with nearly 3 million fixed access lines. The corporation is buying smaller carriers to boost its revenues and customer base.

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