Windstream Receives Requisite State Regulator Approvals for REIT Spinoff
Windstream said it received all necessary approvals from state utility regulators for its planned spinoff of a real estate investment trust (REIT) with its fiber and copper assets, to be called Communications Sales & Leasing (CS&L). The IRS also has…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
sent a “favorable letter ruling” on the REIT, Windstream said Wednesday. The REIT spinoff is still set to close during the first half of this year, with Windstream saying it’s now focusing on the plan’s final steps. Windstream Director Francis Frantz will be CS&L’s chairman and will lead the search for the REIT’s president and CEO, Windstream said. The telco announced its plans for the REIT spinoff in July (see 1408070047).