M&A Deal Summary

Windstream Acquires Iowa Telecommunications

On June 1, 2010, Windstream acquired communications company Iowa Telecommunications for 1.2B USD

Acquisition Highlights
  • This is Windstream’s 7th transaction in the Communications sector.
  • This is Windstream’s 2nd largest (disclosed) transaction.
  • This is Windstream’s 7th transaction in the United States.
  • This is Windstream’s 1st transaction in Iowa.

M&A Deal Summary
Date 2010-06-01
Target Iowa Telecommunications
Sector Communications
Buyer(s) Windstream
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Iowa Telecommunications

Newton, Iowa, United States
Iowa Telecommunications, Inc. - is the second largest local exchange carrier in the state of Iowa and the fifteenth largest local exchange carrier in the nation. The Company provides local exchange, exchange access and intraLATA toll telecommunications services to end-users and exchange access services to interexchange carriers and other LECs.

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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 7 of 14
Sector (Communications) 7 of 13
Type (Add-on Acquisition) 7 of 13
State (Iowa) 1 of 1
Country (United States) 7 of 14
Year (2010) 1 of 3
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Lexcom

Lexington, North Carolina, United States

Lexcom Communications is a provider of integrated telecommunications and video services, as well as services in local and long-distance telephone, Internet and data, and digital wireless, to business and residential customers located primarily in Davidson County.

Buy $141M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Hosted Solutions

Raleigh, North Carolina, United States

Hosted Solutions, LLC provides infrastructure as a service solutions to companies and enterprises in the United States.

Buy $310M
Mergr

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