Windstream completes acquisition of Broadview Networks
“The addition of Broadview advances our strategy to differentiate ourselves by delivering a truly superior customer experience using disruptive technologies,” said
Windstream also announced that
“Brian has extensive experience successfully executing strategies to move business customers from legacy telecom services to higher margin cloud-based solutions. He is an effective leader and the right choice to drive this strategy at Windstream and lead this business unit, which will have annual revenues of approximately
Other senior Broadview leaders joining Windstream are:
Mario Deriggi, senior vice president of sales; Stephen Farkouh, senior vice president of cloud technology and platform development; Sanjay Patel, vice president of platform development; and Tim Bell, vice president of integration management and Broadview operations.
Windstream expects to realize approximately
Cautionary Statement Regarding Forward-Looking Statements
Forward-looking statements include, but are not limited to, expectations regarding the overall business outlook and strategy of the combined company, including our strategy to differentiate our business and service offerings through disruptive, next generation technologies; expectations regarding sales opportunities for Broadview’s OfficeSuite®; statements regarding moving business customers to higher margin cloud-based solutions; revenue expectations for our consumer and small business segment for our competitive local exchange service area; and statements concerning the anticipated benefits of the transaction with Broadview, including future financial and operating results; benefits to free cash flow and net leverage, projected synergies in operating and capital expenditures and the timing of achieving those synergies, and overall benefits to our customers, along with expectations and intentions and other statements that are not historical facts. These statements are based on estimates, projections, beliefs, and assumptions that Windstream believes are reasonable but are not guarantees of future events, performance or results. Actual future events and results may differ materially from those expressed in these forward-looking statements as a result of a number of important factors.
Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include risks and uncertainties that the cost savings and anticipated synergies from the Broadview transaction may not be fully realized or may take longer to realize than expected; the risk that the businesses will not be integrated successfully; disruption from the merger and integration efforts making it more difficult to maintain relationships with customers, employees or suppliers; changes in our capital allocation strategy; the diversion of management and key personnel time on integration; further adverse changes in economic conditions in markets served by the combined company; the impact of new, emerging or competing technologies and our ability to utilize these technologies to provide services to our customers; general worldwide economic conditions and related uncertainties; and the effect of any changes in governmental regulations. Windstream does not undertake any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
David Avery, 501-748-5876 firstname.lastname@example.org Investor Contact: Chris King, 704-319-1025 email@example.com