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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]
McLeodUSA was founded by Clark McLeod in 1991. [1] The company went public in 1996. [1] In January 2002, it filed for Chapter 11 protection, emerging from bankruptcy in April the same year.
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In 2007 it merged with US LEC and then Cavalier Telephone Company and became a publicly traded company, and in 2011 it was acquired by Windstream Communications. PAETEC provided local and long-distance voice services, data and Internet services, and software applications, among others.
It had paid a Facebook app developer for access to the personal information of about 87 million Facebook users. That data was then used to target U.S. voters during the 2016 campaign.
Also known as out-of-court debt restructuring, corporate workout practices aim to remedy or avoid foreclosure and bankruptcy. [2] The debtors, creditors as well as the main shareholder and bondholders voluntarily participate in the workouts in order to make rearrangements concerning financial investments and rescheduling and restructuring debt.
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