Thursday Feb 27
The City Wire
Windstream net income rises despite falling revenue
Despite declining overall revenues, Windstream Corp. saw its bottom line improve as cost savings and strategic growth areas boosted its fourth quarter and full year profits.
Windstream to Cut Jobs Following Regulatory Censure
USA Arkansas based network communications services company Windstream has agreed to make a payment of US$2 5 million to settle an investigation by the telecoms regulator into its rural call completion practices At the same time, and unrelated, apparently, the company announced that it is cutting 400 of its 13,500 employees to cut costs.
Windstream Cutting 400 Employees Companywide
The publicly traded telecommunications firm, which reports quarterly earnings on Thursday, said the move affects 67 positions in Arkansas, including 36 in Little Rock.
Windstream: Should You Buy This 12% Yielder?
Windstream Communications is a mid-sized telecommunications operator in the U.S. offering one of the highest-dividend yields within its sector.