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Broadband

Windstream reaches settlement with Uniti, ending all litigation and claims

Monday 2 March 2020 | 16:50 CET | News
Update: 3 March 2020 | 11:34 CET
Windstream said it has reached a settlement with network operator Uniti, thanks to mediation. The settlement resolves all claims asserted against Uniti, including all litigation brought by Windstream and certain of its creditors in the context of its bankruptcy. The settlement has the support of most of Windstream's lenders including Elliott Management, its largest creditor. It still has to be made definitive and receive certain regulatory approvals and conditions, including bankruptcy court approval and Uniti's US federal income tax compliance. Still, all litigation will be stayed until the

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[03/03/2020 11:34- Update: adds more info on Windstream debt reduction]


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Categories: Fixed
Companies: Windstream
Countries: United States
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