Windstream Corp. Friday announced it has formed Windstream Holdings, Inc., which will become a new publicly traded parent company for Windstream's subsidiaries.
The new company will trade on the Nasdaq Stock Exchange under the existing Windstream ticker symbol "WIN" beginning Sept. 3. The new ownership structure "will enhance Windstream's corporate structure and provide greater financial and strategic flexibility in the future," the company said in a release. The Arkansas-based telecommunications provider acquired Iowa Telecommunications Services Inc. in 2009.