Windstream (WIN) Strengthens Fibre Network In Atlanta
Zacks Investment Research | Sep 01, 2016 09:37PM ET
Leading exchange carrier in the U.S., Windstream Holdings Inc. (NASDAQ:WIN) is forging ahead with plans to expand its latest metro fibre and fixed wireless network business in the Atlanta area, including Downtown, Midtown, Buckhead/Lenox Square (NYSE:SQ), Alpharetta and Roswell.Apart from Atlanta, Windstream is extending its metro fiber networks in Charlotte, Nashville, Richmond, Minneapolis, Chicago, Philadelphia and Cleveland.
Windstream’s Motive
Windstream claims that this network expansion initiative will not only expand its fiber and fixed wireless footprint but will also facilitate companies with next-generation technologies, unified communications, managed services, network security, business continuity, network and cloud services. Windstream also intends to support customers in varied sectors like banking, financial services, legal services, education, healthcare, government, hospitality and retail industries through its network facilities.
Growth Prospects in Atlanta
Windstream’s metro fibre network business in Atlanta will boost the region’s financials and growth prospects. Businesses in Atlanta will now be able to leverage from Windstream's fiber infrastructure for operational purposes. Companies present in the Atlanta area will also be able to connect with key markets all over the country with the support of Windstream’s extensive fiber network.
Zacks Rank and Key Picks
Windstream currently carries a Zacks Rank #3 (Hold). Better-ranked telecommunication stocks include NTT DOCOMO, Inc. (NYSE:DCM) and Nippon Telegraph and Telephone Corporation (NYSE:NTT) , and Intel Corporation (NASDAQ:INTC) . While NTT DOCOMO and Nippon Telegraph and Telephone Corporation sport a Zacks Rank #1 (Strong Buy), Intel Corporation has a Zacks Rank #2 (Buy).
WINDSTREAM HLDG Price
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