Windstream Reports $129 Million Q3 Loss, Readies Uniti Court Battle
The third quarter wasn’t great for what’s been an interesting year at Windstream.
The third quarter wasn’t great for what’s been an interesting year at Windstream.
This summer, Ribbon Communications rolled out a restructuring initiative, including layoffs.
ScanSource will sell off some businesses and focus on higher-profit, higher-margin ones.
But strategic products and services are up 43% year over year.
Ribbon expects to save $6 million from the cuts.
Windstream’s enterprise strategic sales continued to accelerate, representing more than 55 percent of total enterprise sales during the first quarter.
Windstream filed for chapter 11 bankruptcy protection last month.
The lawsuit was filed on behalf of everyone who purchased Symantec shares between May 11, 2017, and Aug. 2 of this year.
For the third quarter, the carrier’s wireless revenue was $18 billion, up 3.3 percent year over year.
Verizon’s third-quarter profit was $5 billion, up from $3.7 billion a year ago.
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