The online home of Will and Sara!
Posts tagged NuVox
Windstream Closes NuVox Acquisition
Feb 8th
Bye bye happy NuVox/NewSouth circle thing!
Today it is official: Windstream has acquired NuVox. Right now we’ve been told this means business as usual. As I said in my last post, Sara and I are both looking forward to the coming changes and being part of a larger company. One thing is for sure, the NuVox brand will be going away and the new company will officially be Windstream. NuVox came into life with a million other CLECS as a result of the Telecommunications Act of 1996 and continued to grow through a flurry of mergers and acquisitions. I think the management team and the people we worked with to build this company are second to none and some of the best in the industry.
We’ve accomplished a lot here in the last eight and a half years, and I expect there will be a period of rapid growth and expansion in the not too distant future. The new company has a much larger footprint and is a financial powerhouse, both of which will position Windstream as a leader in the new markets. With the pending acquisition of Iowa Telecom in the pipe, the company seems poised to compete with the likes of AT&T, Sprint, Verizon, and Qwest.
Looking back on our time at NuVox and toward the future at Windstream, it doesn’t feel like the last chapter in the NuVox story but the first chapter of a new book. Here are some things about the acquisition I find really exciting:
- Windstream’s annual revenue is now estimated to be approximately $3.7 billion dollars. That number is just mindblowing to me. When I started at NuVox we weren’t even EBIDA positive. 8 years later we are free cash flow positive and netting $565 million in revenue a year with $115 million in operating income before depreciation and amortization (OIBDA). Now our total revenue is just 15% of what they expect the combined company to produce.
- Windstream is investing $20 million into building out their fiber network. This is great, I hope the trend continues as it could make the new company incredibly competitive in the wholesale access market with the huge increase in demand for bandwidth for all applications, mobile in particular.
- Windstream is very excited to be able to sell our products and services. I cannot wait to build out our network to provide them to the entire footprint.
- Working for a company that has traditionally been an ILEC as opposed to NuVox (we were a CLEC) should provide a unique perspective into the other side of the business
I probably won’t post too much specific information (NDAs, etc.) but I will try to keep posting the big news as it comes out over the next few months. Thanks to everyone who has sent us their well wishes over the last few months, Sara and I are very excited to find out what opportunities the next year will bring.
The Secrets to a Successful Marriage
Jan 19th
Will & Sara at McPherson Park in Greenville, SC
As of today Sara and I have been married for 9 years! It’s been a long road and I can’t believe all of the things we’ve seen, said, and done. Some days I feel like we’ve always been together and others it feels like no time at all. One thing is for sure, I am the luckiest guy in the world.
On January, 19th 2001 we piled into Sara’s white 1991 Mitsubishi Montero with Ben Chabot and his then fiance Caitlin and drove to the Little Wedding Chapel in Easley, SC. I remember our family and friends packing into the woefully small chapel and laughing with us through the next 30 minutes of comedy gold.
Highlights:
- Meeting the minister minutes before the ceremony in his bright yellow plaid suit and matching bowtie; (un)fortunately(?) he wore a robe for the ceremony
- Sara’s mother thinking that her father had already, “given away the bride,” but not heard it as he is somewhat deaf and whispering very loudly while crouching and tugging on him to sit down
- Sara and I being forced to stand and bend uncomfortably over the kneeling bench we asked be removed several times. That’ll show them! We’ll stand and bend over you uncomfortably!
- The operatic rendition of the lords prayer with trademarked country twang played on a cassette deck that had the entire chapel in peals of laughter by the end
- My botching of my vows, “with this ring I be wed…,” WTF was I thinking?
- Being trapped with my Grandmother Byrd during the reception who I believe was still convinced that I was either gay or had impregnated Sara and was forced to marry her; I still cannot understand how these conflicting ideas can occupy the same place in anyone’s head…
- Sara being trapped during the reception with a mutual friend who had been gone all summer and was desperately in love with her
- Sara’s Dad is the spitting image of Norm Abrams. I’m not kidding. My Grandfather Wayne is quite the furniture builder and artist and was convinced we had no small celebrity on our hands and felt compelled to introduce himself and discuss his love of the New Yankee Workshop. Both men are slightly hard of hearing so the conversation went something like this:
Grandfather Wayne: “I’m Hugh, Will’s grandfather.”
Sara’s Dad: “No, I’m Sara’s dad, Jerry.”
Grandfather Wayne: “No, I’m Hugh, Will’s grandfather.”
Sara’s Dad: “No, I’m Sara’s dad, Jerry.”x20 or so until Sara walked up and straightened them out…
- Being pelted by birdseed so hard it left marks and Sara shaking birdseed out of her over styled hair for about a week after
- Leaving the wedding with Ben and his fiance to head home for champagne
- Champagne had been left in the freezer by someone and exploded into champagne slushy
- Going to Nick’s Tavern to drink with some friends when your freezer is full of champagne slushy
- Getting almost too drunk to consummate your marriage and finally managing it way too late above the heads of your best friend and his fiance who for some reason were spending the night
Windstream to acquire NuVox
Nov 7th
Bye bye happy NuVox/NewSouth circle thing!
Sara and I have been extremely busy this week so I’ll have to ask you to cut us some slack for being a few days late with this news.
Wednesday November 3rd NuVox, Inc. entered into an agreement to be acquired by the Windstream Corporation (NYSE: WIN).
The purchase has been valued at over $643 million dollars. Windstream expects to issue 18.7 million fixed shares of stock valued at $183 million dollars, pay $280 million dollars, and assume a net debt of $180 million dollars as part of the proposed transaction.
You can read the official statements on press releases at BusinessWire or on the Windstream or NuVox websites. For my unofficial, not in anyway representative of my employer statement, keep reading.
