Windstream Sells Earthlink Consumer Internet Business For USD 330 Million

Windstream announced the sale of the EarthLink consumer internet business for USD 330 million cash to Trive Capital, a Dallas-based private equity firm. Windstream acquired the business in its merger with EarthLink in February 2017.

Windstream said the business was not core and the sale will allow it focus exclusively on its two largest business units. In addition, it improves the company’s balance sheet and credit profile.

EarthLink offers internet access, online back-up, managed web design, web hosting and various email services to over 600,000 customers throughout the US. Trive said it plans to provide additional resources and access to “deep industry relationships” to help grow the brand in the coming years.― Telecompaper