Windstream Selling Data Center Business to TierPoint for $575 Million

Windstream signed an agreement with TierPoint to sell its data center business for $575 million, Windstream said in a news release Monday. Windstream will establish an ongoing partnership with TierPoint as a part of the transaction, it said, and its new structure will allow Windstream to "focus capital on its core telecom offerings while continuing to offer traditional data center services to enterprise customers across a broader data center footprint." Both companies have approved the transaction, which is expected to close in two to four months, said Windstream.