Windstream Announces Sale of its Data Center Business
Wednesday, October 21, 2015 at 1:27PM
Jared Taylor in Deal Advisor, Deals: Data Center, TierPoint, Windstream

On Monday, October 19th, Windstream (NASDAQ: WIN) announced that it had reached an agreement to sell its data center business to TierPoint for $575.0 million in an all-cash transaction.  Windstream was among the first of the telcos to move into the data center space, acquiring Hosted Solutions for $320m in 2010.

Transaction Facts

Strategic Considerations

Transaction will result in Windstream establishing a continuous, reciprocal, strategic relationship with TierPoint as both companies will sell their products and services to one another’s prospective customers as referral partners.

JSICA’s Take

Article originally appeared on JSI Capital Advisors (http://jsicapitaladvisors.com/).
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