Windstream To Buy Iowa Telecom For $1.1B
The deal is the largest of four such acquisitions by Windstream in 2009. It announced that it had purchased telecommunications companies D&E Communications Inc., Lexcom Inc. and NuVox Inc. earlier this year.
Under the terms of the deal, Windstream will pay about $261 million in cash, issue about 26.5 million shares of stock for $269 million and take on Iowa Telecom's...
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