Windstream to buy D&E Communications

12 May 2009

Arkansas-based fixed line operator Windstream has announced that it has signed a definitive agreement to acquire D&E Communications in a deal worth USD330 million. Windstream will acquire the Pennsylvania-based broadband provider and assume its estimated net debt of USD171 million. The acquisition will add about 165,000 fixed local access lines and 44,000 high speed internet customers to Windstream’s Pennsylvania subscriber base. The buyer already has around 200,000 access lines in the state, and nearly three million across the 16 states it operates in. The deal is expected to be completed by the second half of 2009.

United States, Windstream Communications