Windstream to Buy Broadview Networks in $227.5 Million Unified Communications Deal

Windstream agreed to pay $227.5 million cash to buy Broadview Networks, a cloud-based unified communications services vendor, the acquirer said in a Thursday news release. The deal bolsters Windstream’s business services portfolio and salesforce, Windstream CEO Tony Thomas said. Windstream expects $30 million in annual operating synergies within two years, it said. Each company’s board unanimously OK’d the deal and Broadview majority shareholders cleared it by written consent, Windstream said. The companies expect to close the deal Q3, subject to closing conditions and federal and state regulatory approvals, the telco said.