These excerpts taken from the WIN 10-K filed Feb 19, 2009.
Notes to Quarterly Financial Information:
Significant events affecting Windstreams historical operating trends in the quarterly periods were as follows:
On August 7, 2008, Windstream reached a definitive purchase agreement to sell its wireless business to AT&T Mobility II, LLC for approximately $56.7 million (see Note 16). This transaction allowed management to divest of a non-core asset to focus on other strategic initiatives. The operating results of the wireless business have been separately presented as discontinued operations.
On November 30, 2007, Windstream completed the split off of its directory publishing business in a tax-free transaction (see Note 3). As a result of completing this transaction, Windstream recorded a gain on the sale of its publishing business of $451.3 million in the fourth quarter of 2007.