With Cincinnati Bell looking like they will be bought for $2.6 billion dollars - https://www.forbes.com/sites/lizengel/2019/12/23/cincinnati-bell-acquired-in-26-billion-deal/#4c30d10e49ca, it is sad to remember that at one time Windstream could have been in a similar situation before they started buying all those companies and becoming the mess they are now.
If and when a company does by them, it certainly won't be for the billions of dollars that will be paid for Cincinnati Bell, instead it will probably be for a few million dollars. At one time Windstream's debt wasn't as nightmarish as it is now, back in 2008 they were doing decent compared to today's Chapter 11 Christmas gift to its employees. A shame the management (still TT!!!) went on a buying spree of companies with hardly any value - in return WIN was loaded with much more debt, and old legacy equipment they won't change out.
But let's reward TT with a 'retention bonus' because he did such a good job of ruining the value of a once billion dollar company to now worth more than.....????