Windstream Sells EarthLink Consumer Business to Private Equity Firm for $330M
Windstream sold what it called the legacy EarthLink consumer internet business for $330 million cash to the Trive Capital private equity firm. The telco's Monday announcement noted it bought EarthLink in February 2017. That deal was valued at about $1.1…
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billion. This divests "a non-core segment" to "focus exclusively on our two largest business units," said Windstream CEO Tony Thomas. The consumer business is "a fraction of EarthLink," said a Windstream spokesperson Wednesday. "Most of EarthLink resides in our Enterprise segment."