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WINDSTREAM HOLDINGS INC

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Windstream : To Debut App-based TV Service In MOBITV Pact

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02/11/2019 | 10:22pm EST

Windstream, a provider of advanced network communications and technology tools, and MOBITV, a developer of app-based TV video delivery systems, today announced plans to launch an app-based television service that will enable Windstream’s residential customers to access content when and where they want it, powered by the MOBITV CONNECT Platform.

Kinetic TVwill launch in phases, starting in select Windstream North Georgia markets, followed by its Lincoln, Neb., markets.

Kinetic TV is expected to be available across Kinetic by Windstream’s entire 18-state footprint this year.

The company will use the MOBITV Connect Platform to transition its network’s video delivery system to an extendable, IP-based approach to app-based television that includes on-demand, live TV, catch-up TV, network DVR, and recommendations to consumers, through popular consumer devices.

Customers will have the ability to download the app and view television on any of their popular connected devices, connected TVs, PCs, tablets, and mobile phones.

“The future of entertainment for consumers is all about access,” said Jeff Small, president of consumer and small and medium business services for Windstream. “Kinetic TV combines access to popular movies and shows with the flexibility to watch on a variety of devices, at any time, at home or on the go, and at lower cost than traditional cable. It’s the perfect complement to Windstream Kinetic Internet.”

Charlie Nooney, CEO of MOBITV, added, “MOBITV Connect supports the latest technologies such as 4K/HEVC, Cloud DVR, replay TV, and robust voice control – without the high cost to the operator of constantly replacing legacy set-top boxes in the home. With the rapidly changing technological revolution in video, we’re proud to address operators’ needs, such as Windstream’s, to transition their Pay TV offerings to IP-based solutions.”

Kinetic by Windstream provides services to residential and business customers in 18 states. The Kinetic suite of services includes high-speed Internet, entertainment, phone and security products for homes and businesses.

(c) 2019 Streamline RBR, Inc. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 5 728 M
EBIT 2018 277 M
Net income 2018 -292 M
Debt 2018 7 052 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 1,26x
EV / Sales 2019 1,28x
Capitalization 145 M
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Mean consensus UNDERPERFORM
Number of Analysts 11
Average target price 5,45 $
Spread / Average Target 62%
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Managers
NameTitle
Anthony W. Thomas President, Chief Executive Officer & Director
Alan L. Wells Chairman
Robert E. Gunderman Chief Financial Officer & Treasurer
Lewis Edwin Langston Chief Information Officer & Executive VP
Jeffrey T. Hinson Independent Director
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