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In August 2012 Broadview filed for Chapter 11 bankruptcy. It exited the process in October 2012. [2] On April 13, 2017 it was announced that Broadview would be acquired by Windstream Holdings in an all-cash transaction valued at $227.5 million. [3]
The U.S. District Court of the Southern District of New York ruled in favor of Aurelius, a hedge fund owning a large position in certain notes — primarily senior unsecured notes due in 2023 that ...
Windstream Holdings, Inc., also doing business as Windstream Communications is a provider of voice and data network communications (broadband, VoIP, MPLS), and managed services (virtual servers, managed firewall, data storage, cloud-based voice, etc.), to businesses in the United States. [4]
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
In 1999, GTE announced that it was going to sell 1.3 million access lines. GTE agreed to sell 400,000 lines in New Mexico and lines in rural areas of Texas to a company called Valor Telecom (later absorbed into Windstream Holdings). [2] In 2000, Bell Atlantic purchased GTE and renamed itself Verizon.
The lawsuit that PAETEC (NAS: PAET) shareholders had brought against PAETEC and Windstream (NAS: WIN) to stop a merging of the two companies was settled last week. This removes the major stumbling ...
One Communications is a Burlington, Massachusetts-based CLEC providing Telecommunications services to commercial entities. Company was formally established on July 3, 2006 as the result of a merger between CTC Communications and Choice One Communications along with their acquisition of Conversent Communications.
This is what Windstream did: Instead of using the company's net profit of $53.7 million for its free cash flow computation, it used its operating income of $247.7 million.