No, not even close. Fees aren’t mandated, but open competition in the telecom industry was desired. Certain requirements were mandated to realize that, so fees were approved to pay for the implementation of those requirements. That’s the two-sentence answer. The following is more involved: To begin with, it’s important to…
Windstream acquired Paetec today. August 1, 2011. Windstream expects to issue seventy-three million new stock shares, worth approximately $891,000,000, to complete the purchase. Windstream will also assume 1.4 billion of Paetec’s debt. Paetec’s stockholders will own approximately thirteen percent of the combined company when the sale is approved. The combined…
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