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Pa. regulators OK Windstream's purchase of D&E
Pa. OKs Windstream's purchase of D&E in deal that joins phone, Internet and video services
HARRISBURG, Pa. (AP) -- Windstream Corp.'s acquisition of D&E Communications Inc. phone and Internet company has the approval of Pennsylvania state utility regulators.
The Pennsylvania Public Utility Commission voted 4-0 on Friday to approve the move. In a statement, the agency said the transaction is expected to be seamless to customers while promising better service and stable prices.
Little Rock, Ark.-based Windstream agreed in May to buy D&E for $159 million in stock and cash in a deal that nearly doubles the size of its business in Pennsylvania.
Ephrata, Pa.-based D&E has about 165,000 access lines and 44,000 high-speed Internet customers throughout eastern Pennsylvania.
Windstream provides digital phone, high-speed Internet and high-definition digital TV service and has about 3 million access lines in 16 states.
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