Windstream buying Iowa Telecommunications - KWWL - Eastern Iowa Breaking News, Weather, Closings

Windstream buying Iowa Telecommunications

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NEWTON (KWWL) -- Windstream is buying Iowa Telecommunications Services; the price 1.1 billion dollars in cash and stock.

According to Windstream, which is based in Arkansas, the purchase will expand its operations by 256,000 phone lines and 95,000 high-speed Internet customers.

Newton-based Iowa Telecommunications employs 800.  350 are based in Newton.  Windstream says they are considering expanding that facility.

The deal is expected to be finalized next summer.

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