Windstream is selling its EarthLink consumer internet business to a private equity firm for $330 million in cash.

The Little Rock, Ark. based company which has operations in the Triangle, said that Trive Capital is buying the business. Trive is based in Dallas.

The deal was announced Monday.

“This transaction enables us to divest a non-core segment and focus exclusively on our two largest business units. In addition, it improves our credit profile and metrics in 2019 and beyond,” said Tony Thomas, president and CEO of Windstream, in a statement.

Windstream acquired EarthLink, including fiber-optic networks, for some $1 billion in 2017.

The consumer EarthLink business offers internet access, online backup, managed web design, hosting and email services. It has more than 600,000 customers, Windstream noted.

Trive Managing Partner Conner Searcy said in the announcement:  “We intend to provide additional resources and access to deep industry relationships to help grow the brand in the coming years.”