This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Windstream Awarded $12 Million U.S. Department Of Veterans Affairs Contract

LITTLE ROCK, Ark., Sept. 17, 2013 (GLOBE NEWSWIRE) -- Windstream (Nasdaq:WIN), a leading provider of advanced network communications, announced today that it has been awarded a contract to provide voice, data, and Internet services for the U.S. Department of Veterans Affairs in its Region 4 area, encompassing 11 states in the northeastern United States. The contract is for a baseline amount of $12 million but can extend to as much as $20 million over five years.

Prior to this contact, the Department of Veterans Affairs (VA) contracted with hundreds of vendors providing local service to thousands of its facilities throughout the United States. In 2013, the VA took steps to eliminate the administrative expenses associated with the number of telecommunications vendors by creating four geographic regions, each with multiple Veterans Information Service Networks, and contracting with a single vendor for each region. The VA's Region 4 was the first of these consolidated procurement contracts to be awarded.

"As the largest national competitive local exchange carrier (CLEC), Windstream was ideally positioned with our network footprint and coverage to deliver both the costs savings anticipated by the Department of Veterans Affairs, but also with an increase in service quality," said Mike Magliato, vice president and general manager of federal markets at Windstream. "Additionally, our federal government portal, developed to support federal initiatives such as the VA contract consolidation, will ensure that the ongoing management and resources expended by the VA nationwide will significantly decrease. We believe this is truly a win – for both the federal government as well as the veterans of our country."

Region 4 oversees more than 300 VA facilities, including VA hospitals, clinics, cemeteries, and call centers, among others. Windstream was selected for this critical contract for several reasons, including:

  • The company has a strong history of providing superior voice, data, and Internet services to the federal government, and as the telecommunications provider of choice, provides service to nearly every government agency.
  • Windstream provides end-to-end solutions, allowing it to deliver services without engaging third party vendors.
  • Windstream's technical expertise in network communications technology and managed services, as well as its custom portal for automated business transactions, meets the federal government's requirements.  

Windstream expects to have Region 4 products and services fully implemented by the end of 2013.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs