MasTec, a Coral Gables-based utility and communications infrastructure contractor, said Wednesday it will pay less cash for wind energy company Wanzek Construction and that other terms of the deal have been revised.

On Oct. 6, MasTec announced a definitive agreement to pay $200 million and assume $15 million in debt for Fargo, N.D.-based Wanzek. Besides wind energy, Wanzek builds natural gas processing facilities.

Under the revised terms, MasTec will pay $50 million in cash, 7.5 million shares of MasTec common stock, a $55 million convertible note, assume $15 million of debt and pay a two-year earnout equal to 50 percent of Wanzek's earnings before interest, taxes, depreciation and amortization in excess of $40 million per year.

The December 2013 note will carry an annual coupon rate of 8 percent and, after at least six months, convert into MasTec stock at a $12 price.

''This transaction positions MasTec as a major player in numerous markets which are expected to grow dramatically as the new administration focuses on alternative energy and infrastructure investments to stimulate the economy and create up to 2.5 million new jobs,'' Chief Executive Jose Mas said in a statement.

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