M/C Gains in NuVox Sale

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: [[ticker: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.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/