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Our name may be new, but our roots run deep. Headquartered in Little Rock, Ark., Windstream Communications offers voice, broadband and satellite TV services, and has a long and proud history.
will be formed through the spinoff of Alltel's landline business and merger with VALOR Telecom. We believe our customers will be better served by a company completely focused on providing advanced local communications and entertainment products and services.
At close, Windstream will have approximately:
3.4 million access lines in 16 states
$3.4 billion in annual revenues
Windstream will have sufficient scale to compete and be appropriately capitalized to take advantage of strategic operational and financial opportunities
Windstream will be positioned going forward to make investments and capitalize on growth opportunities
Windstream expects to trade on the New York Stock Exchange under the ticker symbol "WIN"
Release date: May 11, 2006
LITTLE ROCK, Ark. – Alltel today announced five appointments to the board of directors of
, the new company to be formed through the spinoff of Alltel's landline business and merger with VALOR Communications Group. The new appointees are expected to qualify as independent board members under New York Stock Exchange listing requirements.
"We are very pleased to have such an impressive and experienced group of business leaders serve on our board to complement the strong management team we have put together for the new company," said Jeff Gardner, president and CEO of Windstream Corporation.
Alltel will appoint the new board members to Alltel Holding Corp., prior to the spinoff and merger, and the board of Alltel Holding Corp. will become the board of Windstream Corporation effective on the closing of the merger with VALOR.
The board appointments include:
Anthony J. de Nicola, 41, a general partner of Welsh, Carson, Anderson & Stowe and current chairman of the board of VALOR. He is also a member of the boards of directors of Centennial Communications Corp., ITC Deltacom, Inc., R.H. Donnelly and several private companies.
Jeffrey T. Hinson, 51, a financial consultant and former executive vice president and chief financial officer of Univision Communications Inc., a Spanish language media company. He is also a director and chairman of the audit committee of Live Nation, which is a NYSE-listed company that was spun off by Clear Channel Communications, Inc., in December 2005.
Judy K. Jones, 62, board member of the Lovelace Respiratory Research Institute and former associate vice president for strategic initiatives for the University of New Mexico Health Sciences Center and vice president for advancement for the University of New Mexico.
William A. Montgomery, 57, a private investor and former chief executive officer of SA-SO Company, a distributor of municipal and traffic control products based in Dallas. He is also a director of Empress Hair Care, a private company that manufactures hair products based in Irving, Texas.
Frank E. Reed, 71, former president and chief executive officer of CoreStates Philadelphia National Bank and Alltel board member from 1998 to 2005, where he was chairman of the audit committee from 1999 to 2005. He is also a director of Harleysville Group, Inc.
President & CEO
Francis X. "Skip" Frantz
Chairman of the Board
Chief Operating Officer
Executive Vice President & CFO
Executive Vice President & General Counsel
Senior Vice President & Treasurer
Senior Vice President, Human Resources
Senior Vice President, Governmental Affairs
Senior Vice President, Marketing & Sales
Communications provides the same quality and service you’ve come to expect from Alltel and VALOR Telecom, but with a new name and a fresh perspective. From personal solutions to business services, we offer our customers products and services they can depend on.
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