Windstream Provides 2016 Revenue Outlook - Quick Facts

(RTTNews) - While reporting its fourth-quarter financial results today, Communications and technology solutions provider Windstream Holdings, Inc. (WIN) provided its financial outlook for fiscal 2016.

For fiscal 2016, the company expects total service revenue of $5.275 billion to $5.425 billion and adjusted OIBDAR of $1.90 billion to $1.95 billion.

On average, analysts polled by Thomson Reuters expect the company to earn revenues of $5.56 billion for the year. Analysts' estimates typically exclude special items.

The company projects fiscal 2016 adjusted capital expenditures to be between $800 million and $850 million, which excludes approximately $200 million in expected investments to complete Project Excel.

Project Excel is a program funded by a portion of the proceeds from the sale of the company's data center business to accelerate Windstream's plans to upgrade and modernize its broadband capabilities to the latest technology by year-end 2016, or two years ahead of the company's previous timeline.