REIT

 

State Regulators Approve Windstream REIT

Windstream, the Little Rock, Arkansas-based telecommunications company, anticipates closing the transaction in the first half of 2015, pending the satisfaction of closing conditions including final approval by Windstream’s board of directors.

Windstream Makes Changes to REIT Spinoff

Windstream announced it will hold a special meeting of stockholders on Feb. 20, 2015, in conjunction with the spinoff to approve a one-for-six reverse stock split

Verizon Explored REIT Before Windstream’s Surprise Announcement

REITs have garnered increased attention in telecom after Windstream announced an agreement to spin off its telecom network assets into one under a tax-free transaction that the company said will enable it to lower debt by $3.2 billion and boost cash flow.

The ID is: 116909