LITTLE ROCK, Ark.--(BUSINESS WIRE)--Windstream, a leading provider of advanced network communications and technology solutions, today announced that it won spectrum blocks in the 24 GHz and 28 GHz 5G airwaves auctions recently conducted by the Federal Communications Commission.
“Windstream will use this new 5G spectrum to expand the availability of high-speed broadband, enabling consumers and small and medium-sized businesses in rural areas to access broadband speeds up to 1 Gigabit per second,” said Jeff Small, president of Windstream’s Kinetic business segment.
Windstream will pay a total of $26.6 million for blocks of spectrum in 14 states covering more than 5 million total households, including approximately 2 million households in locations where Windstream is the incumbent local exchange carrier. The spectrum and associated electronics and equipment will be wholly owned by Windstream.
In homes equipped with Gig service, consumers can engage in multiple bandwidth-intensive activities simultaneously – such as streaming music, 4K video and virtual reality applications and games – without buffering. For businesses, Gig service enables next-generation network, cloud, voice, security and business continuity solutions.
“Windstream is committed to bringing best-in-class Internet to rural communities, many in thinly populated areas, across our Kinetic footprint,” Small said. “We’re using a variety of methods to accomplish that goal, including software enhancements, fiber expansion, fixed wireless and now 5G wireless technology in our passionate pursuit to satisfy our customers’ growing demand for faster broadband speeds.”
Windstream Holdings, Inc., a FORTUNE 500 company, is a leading provider of advanced network communications and technology solutions. Windstream provides data networking, core transport, security, unified communications and managed services to mid-market, enterprise and wholesale customers across the U.S. The company also offers broadband, entertainment and security services for consumers and small and medium-sized businesses primarily in rural areas in 18 states. Services are delivered over multiple network platforms including a nationwide IP network, our proprietary cloud core architecture and on a local and long-haul fiber network spanning approximately 150,000 miles. Additional information is available at windstream.com or windstreamenterprise.com. Please visit our newsroom at news.windstream.com or follow us on Twitter at @Windstream or @WindstreamBiz.
Cautionary Statements Regarding Forward-Looking Information
Windstream Holdings, Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “forecast” and other words and terms of similar meaning. Forward-looking statements, including statements about the expected use of 5G spectrum to expand availability of high-speed broadband with speeds up to 1 Gig, are subject to risks and uncertainties that could cause actual future events and results to differ materially from those expressed in the forward-looking statements.
Forward-looking statements are based on estimates, projections, beliefs, and assumptions that the Company believes are reasonable but are not guarantees of future events, performance or results. Actual future events and results may differ materially from those expressed in these forward-looking statements as a result of a number of important factors. Factors that could cause actual results to differ materially from those contemplated in our forward-looking statements include, among others, factors under “Risk Factors” in Item 1A of the Company’s Annual Report and in subsequent filings with the Securities and Exchange Commission at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.