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Windstream Sells Fiber to Arvig in 2 States for $60 Million

Windstream sold Minnesota fiber assets to the Arvig telco for $49.5 million cash, and agreed to sell Nebraska fiber to the company for $11 million, Windstream said Tuesday. Arvig will own the fiber, but Windstream will continue to sell services…

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in the two states, Windstream said. “These transactions monetize latent dark fiber assets in Minnesota and Nebraska, lower capital requirements in each state and allow us to focus on our core network offerings with minimal change to our operations,” said Windstream Chief Financial Officer Bob Gunderman.