Communications Sales & Leasing Inc. was incorporated in the state of Delaware in February 2014 and reorganized in the state of Maryland on September 4, 2014 as a subsidiary of Windstream Holdings, Inc. The Company is an internally managed real estate investment trust engaged in the acquisition and construction of mission critical infrastructure in the communications industry. It was engaged in acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. The Company owns approximately 3.6 million fiber strand miles, 230,800 route miles of copper, and other property across 29 states. The Company manages its operations as two reportable business segments: Leasing and Consumer CLEC. Its Leasing segment represents REIT operations and corporate expenses not directly attributable to the Consumer CLEC. The Consumer CLEC segment represents the operations of its Consumer CLEC Business and corporate expenses directly attributable to the operation of that business. The Company competes with investments in the communications industry with telecommunications companies, investment companies, private equity funds, hedge fund investors, sovereign funds and other REITs who focus on segments of the communications infrastructure industry.
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