Windstream has sold off its legacy EarthLink consumer internet business for $330 million in cash to private equity firm Trive Capital.
The deal, which was announced Monday, provides a cash infusion for Little Rock, Arkansas-based Windstream after it agreed in July to a $300 million debt exchange with its creditors.
Also in December, Windstream announced it had sold off fiber assets in Minnesota to Arvig Enterprises for $49.5 million in cash. Windstream entered into a definitive agreement to sell additional fiber assets in Nebraska to Arvig for $11 million in the first quarter of this year.
