27 Aug Windstream Announces Market Expansion Plans
There is no doubt that the United States economy is actually in pretty good shape. For example, unemployment is at record lows and, despite the recent volatility in the financial markets and the looming threat of recession in China, on the whole, companies are expanding their products and services. This is even true in the telecom sector.
One such example of this is that of Windstream Communications based out of Hartford, CT. This particular telecom has literally been on fire for the last few years, with five major acquisitions–NuVox, Inc., Iowa Telecommunications Services, Inc., Hosted Solutions, KDL, and PAETEC–in the last five years. They also are currently on the Fortune 500 list, having recently joined in 2013.
Just this week, they announced that they plan to greatly expand their 100G network, primarily for those enterprise based businesses. In addition to this, they have also just recently announced plans to add an additional 20,000 route fiber miles.
According to Tony Thomas, the Director and CEO of Windstream, “Within the Carrier unit we are expanding our 100-gig cable long-haul network to drive sales and improve efficiency . . . we are leveraging our existing fiber network to add high demand routes and connect existing routes and will have added almost 20,000 route miles and nearly 50 new carrier access points by the end of 2015.” (SOURCE: https://www.fiercetelecom.com/telecom/windstream-to-expand-100g-network-add-nearly-20k-route-fiber-miles).
The Windstream Communications financial future is looking bright, as well. For instance, this telecom giant has generated revenue thus far (in 2015) which exceeds over $156 Million. This is definitely up year over year (YOY) and is, in large part, due to stellar growth in both its Ethernet based services as well as its long haul express network. The other bulk of the revenue was derived from its wireless TDM circuits.
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