Pa. regulators OK Windstream's purchase of D&E
HARRISBURG, Pa. (AP) - Windstream Corp.'s acquisition of D&E
Communications Inc. phone and Internet company has the approval of
Pennsylvania state utility regulators.
The Pennsylvania Public Utility Commission voted 4-0 on Friday
to approve the move. In a statement, the agency said the
transaction is expected to be seamless to customers while promising
better service and stable prices.
Little Rock, Ark.-based Windstream agreed in May to buy D&E for
$159 million in stock and cash in a deal that nearly doubles the
size of its business in Pennsylvania.
NYSE:WIN Updated: 16:01 ET 10.08 -0.05 |
Ephrata, Pa.-based D&E has about 165,000 access lines and 44,000
high-speed Internet customers throughout eastern Pennsylvania.
Windstream provides digital phone, high-speed Internet and
high-definition digital TV service and has about 3 million access
lines in 16 states.
11/06/09 14:40
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