Windstream REIT plan kicks up stock price...and possibly a cable industry trend

Windstream Communications sent its stock soaring when it revealed that it's spinning off its copper and fiber network assets into a tax-shielded real estate investment trust, then leasing them back. While this announcement sent the MSO's stock price soaring more than 20 percent at one point in midday Tuesday, July 29 trading (it ended up 12.35 percent above its starting price), the real impact might be on the broader pay-TV industry, with other operators sure to kick the tires on possible tax savings through REIT asset conversion. Here's FierceCable's report. 

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