Windstream Files for Bankruptcy
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Internet, TV service provider Windstream files for bankruptcy
LEXINGTON, Ky. (WKYT) - Internet service provider Windstream, which provides Internet services for thousands in Lexington, has announced it has filed for bankruptcy.
Windstream filed for Chapter 11 bankruptcy in order to address debt issues which were "accelerated" following a judge's decision against a company subsidiary.
"Taking this proactive step will ensure that Windstream has access to the capital and resources we need to continue building on Windstream’s strong operational momentum while we engage in constructive discussions with our creditors regarding the terms of a consensual plan of reorganization," Windstream president and CEO Tony Thomas said. "We acted decisively to secure the long-term financial stability of Windstream, and we are confident that, upon completion of the reorganization process, we will be even better positioned to invest in our business, expand our speed and capabilities for our customers and compete for the long term."
Thomas said the bankruptcy filing will allow them to continue servicing its customers. Lexington is one city where Windstream offers television, phone and internet services to residential customers.
Windstream provides residential services in 18 states.
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Thank god.
Now can I get my shotgun and take old Windstream to a farm upstate?!
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@DustinB3403 said in Windstream Files for Bankruptcy:
Thank god.
Now can I get my shotgun and take old Windstream to a farm upstate?!
If only!~
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Today's program is brought to you by the word: Schadenfreude
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@scottalanmiller said in Windstream Files for Bankruptcy:
Today's program is brought to you by the word: Schadenfreude
lol
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I used to have to deal with Windstream for a remote office in Miami. It was annoying as hell. Glad we finally closed it down a couple years ago.
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Aww, my favorite carrier is in trouble. WHat should I do? I know! PORT OUT!
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It's a 'great thing' unless your entire network relies on it.. we utilize a MPLS via Windstream - so, this will be interesting to see how it affects us and the system that is state wide.
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@gjacobse said in Windstream Files for Bankruptcy:
It's a 'great thing' unless your entire network relies on it.. we utilize a MPLS via Windstream - so, this will be interesting to see how it affects us and the system that is state wide.
Not like anyone bought Windstream while desiring reliability.
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You mean all the gobbling up of disparent phone companies wasn't good for them?
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I heard about this a week or so ago through some stock market research I was doing. The short, short version is: Windscream ain't going anywhere.
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@dafyre said in Windstream Files for Bankruptcy:
I heard about this a week or so ago through some stock market research I was doing. The short, short version is: Windscream ain't going anywhere.
Doens't mean they don't need to...
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@DarienA said in Windstream Files for Bankruptcy:
You mean all the gobbling up of disparent phone companies wasn't good for them?
Kind of like a corn dog eating competition.
It's not going to be good for anyone once the festivities end.
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@DustinB3403 said in Windstream Files for Bankruptcy:
@DarienA said in Windstream Files for Bankruptcy:
You mean all the gobbling up of disparent phone companies wasn't good for them?
Kind of like a corn dog eating competition.
It's not going to be good for anyone once the festivities end.
But unlike WindStream, there is a point at which eating corn dogs is nice.
