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Windstream (WIN) to Acquire MassComm, Boost Fiber Suite
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Per a FierceTelecom report, Windstream Holdings Inc has inked a deal to acquire MassComm, Inc.
MassComm is a privately-held, New York-based competitive local exchange carrier (CLEC). The company provides telecommunications and connectivity management, consultation and development solutions for voice, data and networking technologies to mid-sized global enterprise customers. The CLEC carrier serves California, Connecticut, the District of Columbia, Florida, Illinois, Massachusetts, Michigan, New York, Pennsylvania and Texas.
The proposed deal will be an all-cash transaction, wherein the leading local exchange carrier will purchase all of the issued and outstanding shares of MassComm. On completion, MassComm will become a wholly-owned subsidiary of Windstream.
Subject to customary regulatory approvals (both federal and state) and closing conditions, the deal is expected to conclude in second-quarter 2018. The financial terms of the deal have been kept under wraps.
The buyout of MassComm will boost Windstream’s expanding fiber-based network. Moreover, MassComm’s existing customers can avail Windstream’s broader on-net portfolio of network access options which are provided to support software-defined wide-area network (SD-WAN) and other managed services.
Post completion of the deal, the merged entity will target MassComm’s current customers with Windstream’s facilities. The deal is expected to not affect the rates or other terms of services, availed by Windstream’s existing customers.
Windstream claims that the buyout will intensify competition in the market for medium-sized business.
The proposed acquisition of MassComm may not be as important as that of EarthLink or Broadview. But it is likely to expand Windstream’s managed services customer base.
Windstream portrays an impressive price performance. In the past three months, shares of the company have returned 6.8% compared with the industry’s rally of 1.3%.
Key Picks
A few better-ranked stocks in the broader Computer and Technology sector are Microsoft Corporation (MSFT - Free Report) , Intel Corporation (INTC - Free Report) and Harris Corporation . All the above-mentioned stocks carry a Zacks Rank #2 (Buy).
All the companies portray a positive earnings surprise history, with an average beat of 16.4%, 9.8% and 2.8%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Windstream (WIN) to Acquire MassComm, Boost Fiber Suite
Per a FierceTelecom report, Windstream Holdings Inc has inked a deal to acquire MassComm, Inc.
MassComm is a privately-held, New York-based competitive local exchange carrier (CLEC). The company provides telecommunications and connectivity management, consultation and development solutions for voice, data and networking technologies to mid-sized global enterprise customers. The CLEC carrier serves California, Connecticut, the District of Columbia, Florida, Illinois, Massachusetts, Michigan, New York, Pennsylvania and Texas.
The proposed deal will be an all-cash transaction, wherein the leading local exchange carrier will purchase all of the issued and outstanding shares of MassComm. On completion, MassComm will become a wholly-owned subsidiary of Windstream.
Subject to customary regulatory approvals (both federal and state) and closing conditions, the deal is expected to conclude in second-quarter 2018. The financial terms of the deal have been kept under wraps.
The buyout of MassComm will boost Windstream’s expanding fiber-based network. Moreover, MassComm’s existing customers can avail Windstream’s broader on-net portfolio of network access options which are provided to support software-defined wide-area network (SD-WAN) and other managed services.
Post completion of the deal, the merged entity will target MassComm’s current customers with Windstream’s facilities. The deal is expected to not affect the rates or other terms of services, availed by Windstream’s existing customers.
Windstream claims that the buyout will intensify competition in the market for medium-sized business.
The proposed acquisition of MassComm may not be as important as that of EarthLink or Broadview. But it is likely to expand Windstream’s managed services customer base.
Zacks Rank & Price Performance
Currently, Windstream carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Windstream portrays an impressive price performance. In the past three months, shares of the company have returned 6.8% compared with the industry’s rally of 1.3%.
Key Picks
A few better-ranked stocks in the broader Computer and Technology sector are Microsoft Corporation (MSFT - Free Report) , Intel Corporation (INTC - Free Report) and Harris Corporation . All the above-mentioned stocks carry a Zacks Rank #2 (Buy).
All the companies portray a positive earnings surprise history, with an average beat of 16.4%, 9.8% and 2.8%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>