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Windstream to Pay $585 Million for CT Communications

Windstream Corp., a spinoff of Alltel, said Tuesday it will buy ILEC CT Communications Inc. for approximately $585 million. Windstream plans to purchase all of CT Communications outstanding shares for $31.50 apiece, using debt and existing cash. The deal should close in the second half of 2007, the carrier said, once it secures shareholder and […]

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