https://www.georgiapol.com/2019/02/27/collins-on-windstream-bankruptcy/
Georgia 9th District Congressman Doug Collins issued the following statement today on Windstream filing for Chapter 11 bankruptcy protection.
“For years, Windstream has taken advantage of customers and taxpayers by promising speeds they know they can’t meet and failing to provide consistent broadband service while collecting taxpayer dollars and receiving substantial federal tax breaks. Despite it’s bankruptcy status, the burden of Windstream’s financial problems cannot fall on the shoulders of taxpayers who depend on their services to access the Internet. Windstream must continue to meet its obligations under the Connect America Fund to provide broadband service to rural communities like northeast Georgia.”
“Since I first took office, I have received hundreds upon hundreds of complaints from Ninth District residents regarding virtually every aspect of Windstream’s service in Northeast Georgia. Businesses have been unable to operate efficiently because of unreliable service. Students in rural areas fail to gain access to high-speed internet they need to complete their school work at home. Despite repeated efforts to prompt Windstream to address these issues, they continue to fall short.”
“I continue to believe increased competition spurs improvement, which is why I’ve introduced the Connect America Fund Accountability Act to hold providers accountable. I remain committed to holding carriers like Windstream accountable, and working to expand broadband access in Northeast Georgia and beyond.”
Windstream files for bankruptcy, claiming no negative impact on customers [all of windstreams' subsidiary holdings are involved in the CH11 filing scattered throughout rural America]
case is being addressed in SDNY
Windstream Holdings Inc., a Little Rock-based rural telecommunications company with customers in Northeast Georgia, filed for Chapter 11 bankruptcy on Monday, Feb. 25.
Tony Thomas, the president and CEO of Windstream, said in a press release that the company’s board of directors and management team decided to file for Chapter 11 as a result of the impact of Judge Jesse Furman’s decision.
“Windstream strongly disagrees with Judge Furman’s decision,” Thomas said in the release. “The company believes that Aurelius engaged in predatory market manipulation to advance its own financial position through credit default swaps at the expense of many thousands of shareholders, lenders, employees, customers, vendors and business partners. Windstream stands by its decision to defend itself and try to block Aurelius’ tactics in court.”