LITTLE ROCK, Ark.—The new wireline company to be formed when Alltel Corp. spins off its landline business and merges it with Valor Communications Group now officially has a name: Windstream Communications.
Jeff Gardner, Alltel’s former chief financial officer, is set to be the president and chief executive officer of the new company. The spinoff is expected to be completed by mid-year.
“This is an important day for the wireline business because now employees have a name to rally around and they can begin building a distinct identity for Windstream,” said Scott Ford, president and CEO of Alltel.
Windstream will have almost 3.5 million access lines and about $3.4 billion in annual revenues. The company will serve customers in 16 states with voice, broadband and satellite television services. The carrier is scheduled to launch around the same time Sprint Nextel Corp. completes the spinoff of its wireline business under the new Embarq brand.
