Exhibit 10.29

Windstream Services, LLC
A Delaware Limited Liability Company
OPERATING AGREEMENT

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OPERATING AGREEMENT
OF
Windstream SERVICES, LLC
A Delaware Limited Liability Company
THIS OPERATING AGREEMENT is made and entered into as of the 28th day of
February, 2015, by Windstream Holdings, Inc., a Delaware corporation (the
“Member”).
A.    On February 27, 2015, Windstream Corporation (“WinCorp”) filed a
certificate of conversion (the “Certificate of Conversion”) with the Secretary
of State of the State of Delaware, pursuant to which WinCorp was converted (the
“Conversion”) from a Delaware corporation into Windstream Services, LLC, a
Delaware limited liability company, in accordance with Section 18-214 of the
Delaware Limited Liability Company Act (6 Del. C. § 18-101 et seq.), as amended
from time to time (the “Act”), and Section 266 of the Delaware General
Corporation Law.

B.    The Member desires to adopt this Agreement as the limited liability
company agreement of the Company.
ARTICLE I
DEFINITIONS AND GLOSSARY OF TERMS
“Agreement” shall mean this Operating Agreement as amended from time to time.
“Board” or “Board of Directors” means the Board of Directors of the Company.
“Certificate of Formation” shall mean the Certificate of Formation, together
with any amendments thereto, required to be filed by the Company pursuant to the
Act.
“Code” shall mean the Internal Revenue Code of 1986, as amended from time to
time, or any successor federal revenue law and any final treasury regulations,
revenue rulings, and revenue procedures thereunder or under any predecessor
federal revenue law.
“Company” shall refer to Windstream Services, LLC, the limited liability company
created under this Agreement and the Certificate of Formation.
“Distributions” shall mean distributions of cash or other property made by the
Company to the Member from any source.
“Interest” shall mean all of the rights created under this Agreement or the Act
of the Member with respect to the Company and the Company’s assets and property.
“Director” or “Directors” shall mean any person or entity that becomes a
director in accordance with the terms of this Agreement.
“Member” shall refer to Windstream Holdings, Inc., a Delaware corporation, and
its successors and assigns.

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“Plan of Conversion” shall mean the Plan of Conversion dated as of February 28,
2015, by and between WinCorp and the Member.
Certain other capitalized terms not defined above shall have the meanings given
such terms in the Agreement.
ARTICLE II
FORMATION; NAME; PURPOSES; OFFICE; TERM
SECTION 2.1    Company Formation. The Company was formed under and pursuant to
the Act by the filing of the Certificate of Conversion and the Certificate of
Formation with the Secretary of State of the State of Delaware (such filings
being hereby ratified and confirmed in all respects). The Board of Directors
shall file, or cause to be filed, any other certificate and all other such
instruments or documents and shall do or cause to be done all such filing,
recording, or other acts, as may be necessary or appropriate from time to time
to comply with the requirements of law for the formation and/or operation of a
limited liability company in the State of Delaware. The Board of Directors may
also direct that the Company be registered or qualified to do business in other
jurisdictions.
SECTION 2.2    Name of Company. The name of the Company shall be as set forth in
the Certificate of Formation.
SECTION 2.3    Purposes. The Company may have any lawful purpose as determined
by the Member.
SECTION 2.4    Registered Office and Agent; Principal Office. The registered
office of the Company in the State of Delaware shall be such place in the State
of Delaware as the Board of Directors shall designate. The registered agent
shall be The Corporation Trust Company. The principal office of the Company
shall be 4001 Rodney Parham Road, Little Rock, Arkansas 72212, or such other
place as the Board of Directors shall designate.
SECTION 2.5    Commencement and Term. The Company commenced upon the filing of
the Certificate of Conversion and the Certificate of Formation in the office of
the Secretary of State of the State of Delaware and shall continue in
perpetuity, unless sooner terminated as provided herein.
ARTICLE III
CAPITALIZATION, INTERESTS, LIMITED LIABILITY OF MEMBER,
RETURN OF CAPITAL AND INTEREST ON CAPITAL
SECTION 3.1    Initial Contributions and Interest. No capital shall be
contributed to the Company on its formation. Prior to the Conversion, the Member
held all issued and outstanding capital stock of WinCorp, all of which was, by
virtue of the Conversion, converted into a 100% Interest in the Company.

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SECTION 3.2    Limited Liability of the Member. The Member shall have no
personal liability for any debts or losses of the Company beyond its Interest,
except as provided by law. Other than as provided in this Agreement and as may
be required under the Act, the Member shall not be liable for any debts or
losses of capital or profits of the Company or be required to contribute or lend
funds to the Company.
SECTION 3.3    Additional Contributions; Interest. The Member shall not be
entitled to receive any interest on its contributions to the capital of the
Company. The Member may make additional capital contributions to the Company as
it may determine.
SECTION 3.4    Additional Members. Subject to compliance with Article IV herein,
the Board of Directors may admit additional Members from time to time upon terms
and conditions determined by the Member.
SECTION 3.5    Actions By the Member. In exercising the voting or other approval
rights provided herein or under the Act or to conduct any other business of the
Company, the Member may act through meetings or by written consent or electronic
transmission without a meeting. Any such written or electronic transmission
consent shall be filed with the minutes of the proceedings of the Members of the
Company.
ARTICLE IV
MANAGEMENT OF THE COMPANY
SECTION 4.1    Management; Identification of Company in Contracts. The business
and affairs of the Company shall be managed by or under the direction of a Board
of one or more Directors appointed by the Member. Each Director is hereby
designated as a “manager” For avoidance of doubt, the managers, as of the date
of the adoption of this Agreement are Carol B. Armitage, Samuel E. Beall, III,
Francis X. Frantz, Jeffrey T. Hinson, Judy K. Jones, William G. LaPerch, William
A. Montgomery, Michael G. Stoltz, Anthony W. Thomas, and Alan L. Wells. These
managers may be changed from time to time by the Directors of the Company. of
the Company within the meaning of Section 18-101(10) of the Act. In all
contracts, agreements and undertakings of the Company, the Company shall be
identified as a limited liability company.
SECTION 4.2    Number, Tenure and Qualifications of Directors. The Member may
determine at any time in its sole and absolute discretion the number of
Directors to constitute the Board. The Directors of the Company shall be
appointed from time to time by the Member. Directors are not required to be
residents of Delaware or Members of the Company. The Directors as of the date of
this Agreement shall be determined in accordance with the Plan of Conversion and
shall serve as the Directors until their successors are duly appointed or their
prior resignation, removal or death.
SECTION 4.3    Exclusive Control of Board of Directors. Subject to the terms and
provisions of this Agreement, the Board of Directors shall have exclusive
management and control of the affairs of the Company and shall have the power
and authority to do all things necessary or appropriate to carry out the
purposes of the Company.

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SECTION 4.4    Officers.
(a)    The Company shall also have officers to conduct the day-to-day management
of the Company. The officers of the Company shall be chosen by the Board of
Directors and shall include a President, Chief Financial Officer, one or more
Vice Presidents, Treasurer, and a Secretary. The Board of Directors may appoint
such other officers and agents as it shall deem desirable who shall hold their
offices for such terms and shall exercise such powers and perform such duties as
shall be determined from time to time by the Board of Directors. Any number of
offices may be held by the same person. Officers of the Company need not be
residents of Delaware or Members of the Company. The officers of the Company as
of the date of this Agreement shall be determined in accordance with the Plan of
Conversion and shall serve as the officers of the Company until their successors
are duly appointed or their prior resignation, removal or death.
(b)    The officers shall report to and serve at the discretion of the Board of
Directors. The officers shall hold office until their successors are duly
appointed and qualified or until their earlier death, disability or removal. Any
officer may be removed, with or without cause, at any time by the action of the
Board of Directors.
SECTION 4.5    Limitations on Powers of the Board of Directors and Officers.
Notwithstanding the authority granted to the Board of Directors and the officers
in this Article IV, without the prior written approval of the Member, neither
the Board of Directors nor any officer shall have any authority to:
(a)    Do any act in contravention of the Certificate of Formation, this
Agreement or the Act;
(b)    Admit a person as a Member of the Company;
(c)    Cause or permit the Company to redeem or repurchase any Interest;
(d)    Sell all or substantially all of the assets of the Company in a single
transaction or series of related transactions;
(e)    Cause or permit the Company to merge or consolidate with any other
entity; or
(f)    Terminate or dissolve the Company, except as provided in Article VI.
SECTION 4.6    Other Business of Members and Directors. Any Member or Director
may engage independently or with others in other business ventures of any kind,
render advice or services of any kind to other investors or ventures, or make or
manage other investments or ventures. Neither the Company nor the Member shall
have any right by virtue of this Agreement or the relationship created hereby in
or to such other ventures or activities or to the income or proceeds derived
therefrom, and the pursuit of such ventures, even if competitive with the
business of the Company, shall not be deemed wrongful or improper under this
Agreement. Nothing herein shall be deemed to negate or modify any separate
agreement among the

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Directors, the Member and the Company, or any of them, with respect to
restrictions on competition.
SECTION 4.7    Actions By the Board of Directors. Any action required or
permitted to be taken at any meeting of the Board of Directors or any committee
thereof may be taken without a meeting, if all of the Directors or members of
the committee consent thereto in writing or by electronic transmission, and the
writing or writings or electronic transmission or transmissions are filed with
the minutes of proceedings of the Board of Directors or committee.
ARTICLE V
DISTRIBUTIONS
SECTION 5.1    Distributions of Cash Flow. The Company may make Distributions to
the Member from time to time as determined by the Board of Directors.
ARTICLE VI
DISSOLUTION OF THE COMPANY
SECTION 6.1    Dissolution of the Company. The Company shall be dissolved upon
the happening of any of the following events, whichever shall first occur:
(a)    upon the written direction of the Member; or
(b)    the expiration of the term of the Company as provided in Section 2.5
hereof.
SECTION 6.2    Winding Up and Liquidation.
(a)    Upon the dissolution of the Company, its affairs shall be wound up as
soon as practicable thereafter by the Member. Except as otherwise provided in
subsection (c) of this Section 6.2, in winding up the Company and liquidating
the assets thereof, the Board of Directors, or other person so designated for
such purpose, may arrange for the collection and disbursement to the Member of
any future receipts from the Company property or other sums to which the Company
may be entitled, or may sell the Company’s interest in the Company property to
any person, including persons related to the Member, on such terms and for such
consideration as shall be consistent with obtaining the fair market value
thereof.
(b)    Upon the dissolution of the Company, the assets, if any, of the Company
available for distribution and any net proceeds from the liquidation of any such
assets, shall be applied and distributed in the following manner or order, to
the extent available:
(i)    to the payment of or provision for all debts, liabilities, and
obligations of the Company to any person, and the expenses of liquidation; and
(ii)    to the Member in accordance with its Interest.

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(c)    Upon dissolution, a reasonable time shall be allowed for the orderly
liquidation of the assets of the Company and the discharge of liabilities to
creditors so as to minimize the losses normally attendant to a liquidation.
ARTICLE VII
WITHDRAWAL OF MEMBER AND TRANSFER OF INTERESTS
SECTION 7.1    Transfer. The Member may transfer or assign its Interest at any
time upon such terms and conditions as it may determine.
SECTION 7.2    Effect of Withdrawal. The death, retirement, resignation,
expulsion, termination, bankruptcy or dissolution of any Member or the
occurrence of any other event that terminates the continued membership of any
Member shall not cause the Company to be dissolved or its affairs to be wound
up.
ARTICLE VIII
BOOKS; DEPOSITORY ACCOUNTS;
ACCOUNTING REPORTS; ELECTIONS
SECTION 8.1    Books of Account. At all times during the continuance of the
Company, the Board of Directors shall maintain or cause to be maintained
financial records and books of account showing all assets, liabilities, profits,
losses, and records necessary for recording the Company’s business and affairs.
SECTION 8.2    Depository Accounts and Investment of Funds. The Board of
Directors or officers designated by the Board of Directors may open and maintain
on behalf of the Company one or more depository accounts at such times and in
such depositories as it shall determine, in which all monies received by or on
behalf of the Company shall be deposited.
ARTICLE IX
INDEMNIFICATION OF DIRECTORS AND OFFICERS
SECTION 9.1    Limitation of Liability.
(a)    To the fullest extent permitted by the Act as it now exists or may
hereafter be amended, no Director of the Company shall be liable to the Company
or the Member for monetary damages arising from a breach of fiduciary duty owed
to the Company or the Member.
(b)    Any repeal or modification of the foregoing paragraph by the Company or
the Member shall not adversely affect any right or protection of a Director of
the Company existing at the time of such repeal or modification.
SECTION 9.2    Indemnification. Directors and officers serve at the request of
the Member and in such capacity shall benefit from the indemnification rights as
set forth in Section 2 of Article Eight of the Amended and Restated Certificate
of Incorporation of Windstream

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Holdings, Inc., a Delaware corporation. Any indemnification of a Director or
officer or advance of expenses under Section 2 of Article Eight of the Amended
and Restated Certificate of Incorporation of Windstream Holdings, Inc. shall
follow the procedure set forth in Section 3 of Article Eight of the Amended and
Restated Certificate of Incorporation of Windstream Holdings, Inc.
SECTION 9.3    Insurance. The Company may purchase and maintain insurance on
behalf of its Directors, officers, employees and agents and those persons who
were serving at the request of the Company in any capacity in another company,
partnership, joint venture, trust or other enterprise against any liability
asserted against him and incurred by him in any such capacity, or arising out of
his status as such, whether or not the company would have the power to indemnify
him against such liability under the provisions of this Article or otherwise.
Any full or partial payment made by an insurance company under any insurance
policy covering any Director, officer, employee or agent made to or on behalf of
a person entitled to indemnification under this Article shall relieve the
Company of its liability for indemnification provided for in this Article or
otherwise to the extent of such payment, and no insurer shall have a right of
subrogation against the Company with respect to such payment.
SECTION 9.4    Merger or Consolidation. For purposes of this Article, references
to the “Company” shall include, in addition to the resulting company, any
constituent company (including any constituent of a constituent) absorbed in a
consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, managers, officers and
employees or agents, so that any person who is or was a director, manager,
officer, employee or agent of such constituent company, or is or was serving at
the request of such constituent company as a director, manager, officer,
employee or agent of another company, partnership, joint venture, trust or other
enterprise, shall stand in the same position under this Article with respect to
the resulting or surviving company as he or she would have with respect to such
constituent company if its separate existence had continued.
SECTION 9.5    Savings Clause. If this Article IX or any portion hereof shall be
invalidated on any ground by any court of competent jurisdiction, then the
Company shall nevertheless indemnify each person entitled to indemnification
under Section 9.2 of this Article IX as to all expense, liability and loss
(including attorneys’ fees and related disbursements, judgments, fines,
penalties and amounts paid or to be paid in settlement) actually and reasonably
incurred or suffered by such person and for which indemnification is available
to such person pursuant to this Article IX to the full extent permitted by any
applicable portion of this Article IX that shall not have been invalidated and
to the full extent permitted by applicable law.
ARTICLE X
MISCELLANEOUS PROVISIONS
SECTION 10.1    Waiver of Provisions. The waiver of compliance at any time with
respect to any of the provisions, terms, or conditions of this Agreement shall
not be considered a waiver of such provision, term, or condition itself or of
any of the other provisions, terms, or conditions hereof or bar its enforcement
at any time thereafter.

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SECTION 10.2    Amendment, Interpretation and Construction. Any modification or
amendment to this Agreement must be in writing signed by the Member. Where the
context so requires, the masculine shall include the feminine and the neuter and
the singular shall include the plural. The headings and captions in this
Agreement are inserted for convenience and identification only and are in no way
intended to define, limit, or expand the scope or intent of this Agreement or
any provision hereof. Unless otherwise specified, the references to Section and
Article in this Agreement are to the Sections and Articles of this Agreement.
SECTION 10.3    Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Delaware.
SECTION 10.4    Partial Invalidity. In the event that any part or provision of
this Agreement shall be determined to be invalid or unenforceable, the remaining
parts and provisions of this Agreement which can be separated from the invalid,
unenforceable provision or provisions shall continue in full force and effect.
SECTION 10.5    Binding on Successors. The terms, conditions, and provisions of
this Agreement shall inure to the benefit of, and be binding upon the Member and
its successors and assigns.
SECTION 10.6    Statutory Provisions. Any statutory or regulatory reference in
this Agreement shall include a reference to any successor to such statute or
regulation and/or revision thereof.
SECTION 10.7    Severability. If any provision of this Agreement or the
application thereof to any person or circumstance shall be invalid, illegal or
unenforceable to any extent, the remainder of this Agreement and the application
thereof shall not be affected and shall be enforceable to the fullest extent
permitted by law.
SECTION 10.8    Determination of Matters Not Provided For In This Agreement. The
Board of Directors shall decide any questions arising with respect to the
Company and this Agreement which are not specifically or expressly provided for
in this Agreement.
SECTION 10.9    Tax Treatment. Unless otherwise determined by the Member, the
Company shall be a disregarded entity for U.S. federal income tax purposes (as
well as for any analogous state or local tax purposes), and the Member and the
Company shall timely make any and all necessary elections and filings for the
Company to be treated as a disregarded entity for U.S. federal income tax
purposes (as well as for any analogous state or local tax purposes).
SECTION 10.10    Rural Utilities Service Covenants.

(a)    Prior to the date on which those certain Grant and Security Agreements
(the “Grant and Security Agreements”) between WinCorp, certain of its
subsidiaries and the United States of America (acting through the Administrator
of the Rural Utilities Service) terminate, the Company shall not be dissolved or
terminated.

(b)    In accordance with the terms and obligations of the Grant and Security
Agreements, no amendment shall be made to Section 7.2 hereof or paragraph (a) of
this Section

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10.10 without the prior written consent of the United States Department of
Agriculture, Rural Utilities Service.

(c)    In accordance with the terms and obligations of the Grant and Security
Agreements, no direct or indirect addition or issuance of any membership units
(or any other ownership interest) in the Company will be made by the Company or
its Member(s) without the prior written consent of the United States Department
of Agriculture, Rural Utilities Service, and no transfer, whether individually
or in the aggregate, of any membership units (or any other ownership interest)
in the Company which will result in the transfer of more than 49% of the equity
interest (of whatever nature, including voting and non-voting) in the Company
may be made by the Company or its Member(s) without the prior written consent of
the United States Department of Agriculture, Rural Utilities Service.

[SIGNATURE PAGE FOLLOWS]

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IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the day
and year first written above.
    
SOLE MEMBER:
WINDSTREAM HOLDINGS, INC.
 
 
By:
/s/ John P. Fletcher
Name:
John P. Fletcher
Title:
Executive Vice President & General Counsel

Signature Page to Windstream Services, LLC
Operating Agreement

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