M/C Gains in NuVox Sale

2/9/10Follow @wroush

Boston’s M/C Venture Partners is the big winner in the $647 million sale of NuVox, a Greenville, SC-based provider of business telecommunications services, to Windstream Corporation (NASDAQ: WIN), a deal announced yesterday. In a press release yesterday, M/C said that it became NuVox’s largest shareholder after NuVox absorbed M/C portfolio companies NewSouth in 2004 and Florida Digital Network in 2007. Little Rock, AR-based Windstream, which provides phone, Internet, and digital TV service to customers in 21 states, paid $280 million in cash and $187 million in stock to acquire NuVox, and also repaid $180 million in NuVox’s outstanding debt.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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