The Federal Communications Commission, mindful of the rural services that Windstream Holdings provides — and the federal universal service funds that it receives — says it will be watching closely as the company proceeds with Chapter 11 bankruptcy.
Windstream recently filed for bankruptcy protection after a court decision which found that Windstream violated agreements with its bondholders when it spun off network assets into a real estate investment trust in 2015. The finding essentially pushed the company went into default after accelerated maturity of debts, according to Windstream.
