Windstream Exits Chapter 11

September 23, 2020 |Industry Notes

Windstream exited bankruptcy after the FCC cleared the carrier to emerge (see 2008310053). Windstream reduced its debt by more than $4 billion, about two-thirds, and now can access about $2 billion in new capital, it said Monday. “We now have an enhanced balance sheet and a robust capital investment program to expand 1 Gig Internet service in rural America and maintain our product and software leadership in SD-WAN and UCaaS for enterprise customer,” said CEO Tony Thomas.