Windstream Reports $1.8 Billion 4Q Loss


Windstream Holdings Inc. closed out challenging year with reported losses of nearly $2 billion in the fourth quarter as the Little Rock telecom’s customers shed traditional landline phone service in lieu of wireless and other high-speed Internet options.

For the period ended Dec. 31, Windstream posted a net loss of $1.84 billion, or a loss of $10.26 per share, compared to a net loss of $87 million or a loss of 94-cents per share a year ago. The fourth quarter results include a $1.8 billion non-cash goodwill impairment charged related to the company’s Iocal telephone service for residential, small businesses and wholesale consumers.    MORE

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