M&A Deal Summary

Windstream Acquires CT Communications

On August 31, 2007, Windstream acquired communications company CT Communications for 585M USD

Acquisition Highlights
  • This is Windstream’s 3rd transaction in the Communications sector.
  • This is Windstream’s 6th largest (disclosed) transaction.
  • This is Windstream’s 3rd transaction in the United States.
  • This is Windstream’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2007-08-31
Target CT Communications
Sector Communications
Buyer(s) Windstream
Deal Type Add-on Acquisition
Deal Value 585M USD

Target

CT Communications

Concord, North Carolina, United States
CT Communications, Inc., headquartered in Concord, N.C., is a provider of integrated telecommunications and related services to residential and business customers located primarily in North Carolina. CTC offers a range of telecommunications services, including broadband high-speed Internet services, local and long-distance telephone services, and digital wireless voice and data services.

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Buyer(S) 1

Buyer

Windstream

Little Rock, Arkansas, United States
Category Company
Founded 2006
Sector Communications
Employees11,080
Revenue 5.1B USD (2019)
DESCRIPTION
Windstream office in downtown Greenville, South Carolina.
Windstream office in downtown Greenville, South Carolina.

Windstream is a provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas. Windstream was founded in 2006 and is based in Little Rock, Arkansas.

DEAL STATS #
Overall 3 of 14
Sector (Communications) 3 of 13
Type (Add-on Acquisition) 3 of 13
State (North Carolina) 1 of 3
Country (United States) 3 of 14
Year (2007) 1 of 1
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-22 Local Insight Media

Englewood, Colorado, United States

Local Insight Media, L.P. is a provider of print directories and Internet-based local search services in the Greater Cincinnati area, Hawaii, Alaska and the Caribbean. Local Insight Media indirectly owns CBD Media LLC, a publisher of print and online directories in the Cincinnati-Hamilton metropolitan area; HYP Media LLC, a provider of print and online local search services in Hawaii; ACS Media LLC, the largest publisher of print and Internet advertising directories in Alaska; and Caribe Servicios de Información Dominicana, S.A., a publisher of yellow and white pages directories in the Dominican Republic. In addition, Local Insight Media indirectly owns 60% of Axesa Servicios de Información, S. en C., the largest directory publisher in Puerto Rico. Local Insight Media, headquartered in Englewood, Colorado, provides strategic and management oversight for its operating subsidiaries.

Sell $525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-03 NuVox Communications

Greenville, South Carolina, United States

NuVox Communications, Inc. is an integrated communications provider. NuVox is a competitive local exchange carrier (CLEC) offering comprehensive voice and data communications products and services to customers. NuVox delivers services via its industry MPLS-based wide area private IP network.

Buy $643M
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