Posted on Monday February 25, 2019
bbsguru writes: Windstream Holdings Inc. of Arkansas filed for Chapter 11 bankruptcy on Monday, less than two weeks after a federal court judge found that the 2015 spinoff of its fiber and copper assets into a separate company ran afoul of bond covenants, exposing the company to a $310 million judgment. Windstream, a spinoff of the old Alltel Corp. of Arkansas, reported $5.8 billion in revenue in 2017. It employs about 13,000 companywide. CEO Tony Thomas said in a press release that the reorganization is "a necessary step to address the financial impact" of the judge's decision and "the impact it would have on consumers and businesses across the states in which we operate." "Taking this proactive step will ensure that Windstream has access to the capital and resources we need to continue building on Windstream's strong operational momentum while we engage in constructive discussions with our creditors regarding the terms of a consensual plan of reorganization," Thomas said. "We acted decisively to secure the long-term financial stability of Windstream, and we are confident that, upon completion of the reorganization process, we will be even better positioned to invest in our business, expand our speed and capabilities for our customers and compete for the long term." A court approval of a reorganization plan will allow the company to continue paying its employees and maintain relationships with vendors, business partners and customers, Thomas said.
Posted on Friday February 22, 2019
Business owners are turning to the cloud because of its numerous advantages. However, others prefer premise-based infrastructures. When it comes to VoIP phone systems, which is better for your business?
Posted on Thursday February 21, 2019
While most Office 365 apps serve a unique purpose, tools like Outlook Groups, Yammer, and Microsoft Teams can all be used for office communication and collaboration. However, there are small differences in the way they can be used. Let us break it down for you.
Posted on Wednesday February 20, 2019
Advertisers are able to target their consumers more effectively thanks to social media. But did you know that your operating system might also be giving away information about your online searches to advertising agencies? Learn more about Windows 10's not-so-private settings and how these can be fixed.
Posted on Tuesday February 19, 2019
Over the past few years, the security industry has been witnessing a rapid evolution in attack techniques, including fileless malware, which uses legitimate tools and services such as existing software, applications, and authorized protocols to carry out malicious activities such as unauthorized data retrieval or data damage. It therefore pays to stay abreast of such threats.
Posted on Monday February 18, 2019
You can keep tabs on your business online and in real time using Google Alerts, a free and easy- to-use content change detection and notification service. You can even use this tool to monitor your competitors. Read on to learn how it can help you.
Phone: +1-989-776-2080
Toll Free: +1-855-674-2968
Email: info (at) netservicesgroup dot com
DUNS 155892800
SPIN 143027933
100% Michigan
NSG is owned & operated, offering enterprise-level IT service & support, right in your own back yard.